General information only. This article doesn't take into account your objectives, financial situation or needs, and isn't financial, tax or credit advice. Consider whether it's appropriate for you and, where relevant, read the PDS and TMD and talk to a licensed financial adviser or registered tax agent. Figures were checked against official sources on the date shown and can change.
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How we write these guides
- Australian and official first. Facts and figures come from official sources such as Moneysmart (ASIC), the ATO, APRA and the Department of Education, and each guide links to its sources.
- General information only. We explain how things work. We don't recommend specific products, funds, shares or providers, and we never promise returns.
- Dated and reviewed. Each guide shows when it was last checked. Rates and thresholds change, so we update guides when official figures change.
- Plain English. If a word needs a finance degree, we explain it or leave it out.
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This article provides general information only. It is not financial, tax, legal or credit advice and does not take into account your objectives, financial situation or needs. Consider whether it is appropriate for you, read the relevant PDS and TMD before acquiring any financial product, and consider seeking advice from a licensed financial adviser or registered tax agent. BARBAR is not a licensed financial adviser and does not recommend any particular financial product, fund or provider. Examples are illustrative only, not predictions or promises. Investing involves risk, including possible loss of capital, and past performance is not a reliable indicator of future performance. Rates, thresholds and rules change, so check the linked official sources for current information.