The Power of Compound Interest
Compound interest is your friend – It’s simply interest earned on your interest. For example, when you receive interest from a saving or investment and you reinvest that interest instead of withdrawing it, the time your interest will be calculated on your original savings plus the interest you’ve received. So your next interest payment will be higher and so on and so on.
To find out more on how your savings/investments can build up faster and work harder for you – click on the following link: Power of Compound Interest
More Articles
A Unique Advent Calendar
Once again we are pleased to release an advent calendar. One developed especially for you, our clients, your...
Women still outpacing men in SMSF establishments
More women than men entered into SMSFs in the September quarter, according to the latest AT...
Top 20 Most Watched Christmas Movies ever – pre covid
Check out the top 20 Most Watched Christmas Movies ever - pre...
Economic and market outlook for 2025: Global summary
The global outlook summary highlights the top-level economic and market outlook, Beyond the landing, to be...
$3m super tax officially abandoned for this year
The government’s plan to increase the tax on superannuation balances over $3 million has officially been...
Preparing to lodge quarterly January TBAR
The ATO is reminding SMSF trustees that if they have had transfer balance account events in the last quarter...
Divorce doesn’t alter contribution rules
The Administrative Appeals Tribunal (AAT) has upheld an ATO decision to impose an excess contributions penalty...
How to overcome your investment fears
Are you thinking of investing but feel held back? Here's how to get started. . You're ready...
Sofie Korac is an Authorised Representative (No. 400164) of Prudentia Financial Planning Pty Ltd, AFSL 544118 and a member of the Association of Financial Advisers.
Financial Advice Sydney and the North Shore Office based in Gordon NSW