With banks continually haggling for new business, with reduced interest rates for new borrowers the next BIG question is, “who do I choose to go with?”

If you do not have a competitive interest rate for your home loan or business loan, then you might be interested in talking to Trina Mosley, on 1300 88 95 11, to work out the best option and value for your money.

The general current outlook on interest rates is that they are set to fall even further. Residential and commercial property interest is very competitive at below 6.99%, and many lenders and banks still have not reduced their interest rates for existing clients and will not do so until next month.
The tip for the week is look at your last loan statement and check what interest rate you are paying. I then suggest you call Finance For life on 1300 88 95 11 and ask what interest rates are available for you with your residential or commercial property. We like to put a smile on your face.
Until next time, all the best from the team at Finance For Life.

Many small business owners do not see the benefit of superannuation because they expect that the proceeds from the sale of their business will be their super when they make the decision to retire.
Unfortunately this is a plan dependent on only one option, and that is the value of your business on the day you sell it. This is less predictable compared with having a well-thought-out superannuation plan that has a pool of funds that will be needed during the years of retirement.

Did you know…

…that the money you add to your superannuation fund is tax deductible to your business, and the capital gain within your super on retirement is tax free?

Sound like a good plan?
If you have any questions regarding superannuation for small business, please call us on 1300 88 95 11

Have you thought about leasing equipment or a vehicle, or are you looking to upgrade? If you have equipment or a motor vehicle that has reached its use by date, now is the time to update, with interest rates for leasing on new equipment and motor vehicles are at a 6 year low.

Leasing is a great option for small businesses – in many cases it will save you time and money with less repair expenses, while allowing you to enjoy the benefits of a new product.

If you would like to know more about leasing, please feel free to contact Martin Rambow or Graeme Baird on 1300 88 95 11 and experience how easy and cost-effective a replacing your motor vehicle and equipment can be for your business.

Minutes from the Reserve Bank of Australia’s July board meeting suggested that the current cash rate we are experiencing will remain on hold for an extended period.
The RBA has maintained its medium-term tightening bias, although heightened concerns about the global economy and financial markets, and the run of softer domestic high frequency data, have provided the RBA with “more time to assess the likely strength of inflationary pressures in Australia.”
For the foreseeable future, there will be no interest rate rise.

We are advised by our partners that there are many opportunities at the moment to invest directly into shares. If you’re interested in looking at the opportunity for a greater return on your investments either directly or by way of “self-managed super funds” we would look forward to discussing the opportunities with you.