Whether buying a car, a home or just trying to get the best rate on a personal loan or credit card, you need a good credit rating. Many young people today have some sort of debt after leaving university and this can impact your finances later on. If credit rating is nonexistent or lacking, there are things you can do to improve your rating.

Here are a few quick tips from our team:

Pay bills on time. This may sound simple, but nothing dings your credit report worse than slow pays and delinquent accounts.

Pay off old debt. Funnel extra income toward the oldest debts as well as the smallest balances and clear up as many things as you can before looking for a major-purchase loan.

Don’t close account with good histories. Positive open accounts help your credit rating, so don’t close accounts when they’re paid off. Just leave them inactive.

Don’t max out cards. Cards that are nearly at their maximum look worse on a credit report than cards that have plenty of wiggle room. Maxed out cards indicate that you could have a financial problem.

Don’t apply for new credit you don’t need. Having too many new accounts or requests to view your credit history can hurt your credit rating, so don’t apply for any other new credit while trying to get a loan for a major purchase.

Rehabilitate bad credit with an installment loan. Taking out a small loan and then paying as agreed adds positive info to your credit report, improving your credit rating.

Wait. Bad things drop off your credit history at set times, usually seven or 10 years. If a negative entry will drop off soon, wait to apply for a major purchase until it does.

Be sure you have the credit reference agencies correct any wrong or outdated information you find so that your report and your history is as clean and accurate as possible before you use it to apply for a loan.

Remember that even a small positive or negative change to your credit history can make a big difference in your overall credit score because of the way this number is calculated.

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ANNE STREET PARTNERS ANNOUNCE CORPORATE CHARITY PARTNERSHIP WITH

THE DUKE OF EDINBURGH’S AWARD IN AUSTRALIA

Anne Street Partners is delighted to announce its association with The Duke of Edinburgh’s Award in Australia – commonly known as “The Duke of Ed”.

The partnership marks the first corporate workplace giving relationship for the The Duke of Ed and has been over six months in the planning. It allows Anne Street Partners staff to become directly involved with improving the lives of young Australians from all walks of life through direct guidance and charitable contributions.

Duke of Ed is Australia’s leading youth development charity. It transforms the lives of young people across Australia, and has a proven itself an effective way of raising self-esteem, resilience and confidence in young people – including those with disabilities or social need.

Michael Adamson, Anne Street Partners, Chief Executive Officer said:

“The Award inspires confidence, leadership and community engagement in young people – attributes that Anne Street Partners views as core components to its company value proposition. We therefore consider them an ideal corporate charity partner for us.

“Furthermore, we are excited to offer our employees the opportunity to partake directly in The Duke of Edinburgh’s Award, which teaches new skills that can be readily transferred into the workplace. We will also be actively promoting The Duke of Ed as a way of directly becoming involved with the local community, assisting with award participations and coaching activities – it’s a great way to help young people reach their Duke of Ed goals.”

Peter Kaye, the Chief Executive Officer of The Duke of Ed, said the association with Anne Street Partners has heralded a new era for the awards and recipients.

“Anne Street Partners has committed more than just funds to The Duke of Ed – it is making a tangible contribution to the program in a way that will benefit our program immensely,” Mr Kaye said.

“It has opened the way for our corporate sponsors to take an active role in nurturing the youth of Australia.”

For more information on how you can get involved, please contact Brent Tuckerman on btuckerman@annestreetpartners.com.au.

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Simply put, estate planning involves the arrangements you make while you’re alive for dealing with the money, property and other assets and liabilities you leave behind when you die. Australian law decides what becomes of your things if you don’t. While its provisions are generally favorable, you really want to take control of asset distribution yourself.

This is most often done through a will. While a lawyer is usually involved in creating a will, it should generally do the following things:

Name an executor. That is, put someone in charge of carrying it out.

Take into account tax laws. With a lawyer’s help, you can make sure your choices have as few negative tax implications for beneficiaries as possible.

Protect your assets from being squandered. If a person inheriting can’t be completely trusted, there are provisions and instruments that can help out.

Clearly spell out who gets what. Companies and trusts that aren’t in your name may not be part of your estate in some Australians states, so get your ducks in a row before creating a will.

Deal with your superannuation. It may or may not be paid into your estate, and you might like to make a Binding Death Nomination instead.

Consider family relationships. If your will doesn’t provide for your spouse, children or other dependents, it could more easily be challenged in court.

And that’s not all. Every aspect of your financial and legal life should be reduced to writing in a will to make sure that you’re still in charge of your assets even when you’ve no longer with us. That’s what estate planning is all about. We can help take the stress away from organizing your finances. Give our team a call today and one of our advisors will be happy to help run through your options.

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Anne Street Partners has expanded its taxation division with seasoned tax professional Peter Kennewell heading the new team. The tax division has been boosted to cater for the broad needs of the group’s 4500 clients nationally. The team works closely with Anne Street Partners’ in-house superannuation division, Anne Street Partners Super Solutions, which has also been expanded to bring all of the group’s key services under the one banner.

Mr Kennewell says the integration of the group’s key tax and superannuation services, which will see the tax operations centralised in Brisbane, was aimed at delivering efficiencies and minimising costs for clients. “There are economies of scale by being able to do this all in-house and we’ve been extremely focused on improving the client experience,” Mr Kennewell says. “The fee structure we have come up with has given our clients significant benefit to stay with us.”

Mr Kennewell says the biggest challenges facing tax professionals is keeping up with ongoing changes to taxation legislation. The changes are evident in the expanding volumes of tax law in his office which Mr Kennewell says comprise “fatter volumes and thinner paper” than they did a decade ago. “It’s hard for the average person to keep abreast of changes to both tax and super laws,” Mr Kennewell says.

The Brisbane-based Mr Kennewell understands that tax is the sort of topic most working Australians, and even business owners, prefer to avoid. “They might be good sales people or good professionals in the respective industry, out there generating income the way they know how. They don’t want to sit at home at night and spend hours getting on top of their tax. “We’re trying to educate our clients as to the easiest way to minimise their effort and maximise their results when it comes to tax. “We now have a tremendous team behind us for doing just that.”

Anne Street Partners, with offices in all mainland state capitals, is a non-aligned financial services group that offers clients services in financial planning, tax solutions, wealth creation, superannuation establishment set up, administration and strategies, mortgage brokering, insurance and estate planning.

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RENT roll manager RUN Property has boosted the number of residential leases it has under management through a deal with Lord Aschcroft’s Australian financial services group Anne Street Partners.

Under the agreement, RUN Property will become the preferred referrer of new rental agreements for Anne Street Partners Realty.

It will also oversee the management of Anne Street Partner’s growing rent roll. The deal will bolster RUN’s existing rent roll of 15,000 properties.

To continue reading the article via The Australian please click here

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