Welcome to the ‘Your Money’ blog

Budget Overview

Federal Budget Review 2012


The Budget has targeted mid to high income earners by reducing various tax concessions in order to fund other initiatives.
 
We have summarised below the key points we believe clients of Alman Partners should be aware of in Tuesday night’s Budget:
 

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Fixed Interest vs. Term Deposits

When debating whether to invest in a diversified Australian fixed interest portfolio or put your money in the bank, one question worth asking is, “What does the bank do with your term deposits?” The bank can’t simply hold on to the term deposit and continue to pay interest. What do they do with the money?


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