How to reduce the impact of rate rises
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
The recent rate hikes by the Reserve Bank of Australia (RBA) have understandably put borrowers under
pressure. The fact that the RBA has implemented a handful of consecutive holds is little consolation for those struggling with higher
borrowing costs.
Here are some strategies you can consider:
Taking a proactive approach can help you mitigate the impact of rising interest rates and put you back in control of your financial situation. Refinancing can not only lead to better interest rates but may also allow you to consolidate debts or access equity in your home at the same time.
Mortgage brokers can help compare rates and loan terms which could give borrowers some additional room to breathe.
WEBINAR 25 SEPT // 12PM
The final session focuses on the changing legal environment, highlighting recent amendments to the Fair Work Act, capturing independent
contractors under workers' compensation schemes, payroll tax considerations, superannuation compliance, and practical steps to mitigate
risks.
WEBINAR 11 SEPT // 12PM
In the third session, we'll delve into superannuation guarantee changes, including proposed changes to payday superannuation, new rates and
bases, and the impact on SG liability. Gain insights into employer deductions, termination of employment considerations and more.
WEBINAR 4 SEPT // 12PM
Master allowances and reimbursements, understand their PAYG and super guarantee implications, and learn to navigate travel vs.
living-away-from-home allowances. Gain insights into FBT considerations, new ATO record-keeping requirements, and effective salary packaging
arrangements.