Latest news with #savingsplan
News.com.au
16 hours ago
- Business
- News.com.au
Five money matters to master before you're 30 to become richer
In your teens and 20s, you probably don't have much in the way of money and investments. Believe it or not, this works to your advantage. Fewer distractions and complexities leave more time and energy to focus on getting the basics right. While there are many steps on the path to financial wellbeing, five in particular will pave the way to your desired destination. Master these money matters before you hit the big 3-0 and you'll be 'laughing all the way to the bank'. 1. Make good money habits Help your future self by putting good money habits into place now: • Avoiding procrastination: Waiting to pay bills, lodge taxes, and chase payrises usually loses you money. • Investing ASAP: The earlier you start, the more time investments have to grow. • Upskilling: Grow your income faster with extra training and qualifications. • Being organised: Avoid late fees and interest and protect your credit rating. • Good record keeping: You can't claim tax deductions, employment and other reimbursements without proof. The longer these habits are in place, the more second nature they will become. 2. Get your foundations right There are five financial foundations needed to wealth and independence: • Emergency fund: Cash you can quickly and easily access in a crisis – e.g. a natural disaster, redundancy, relationship breakdown. • Savings and investment plan: Like a budget but more comprehensive, giving visibility over your earnings, investments, spending, and financial goals. • Insurances: Aside from under 25 drivers, personal insurances (life, income protection, trauma cover) are generally better value with no exclusions when you're young – savings you can potentially lock-in for the long term. • Superannuation: Before 30, you can afford to chase higher returns with higher risk investments because you have more time to recover any losses. You may also be eligible for government co-contributions. Be diligent if consolidating multiple super funds – you may actually be worse off by merging into a higher-fee fund or losing insurances within your super. • Estate planning: Have an up-to-date will outlining your wishes. Nominate beneficiaries within your super. Consider Power of Attorney and Guardianship in case injury or illness leaves you unable to make medical or financial decisions. Remember: everything needs a firm base to stay strong – a skyscraper, a career, a movie plot … and your finances. 3. Keep spending in check Be diligent about your spending – both where it goes and how you do it: • Where possible, use cash instead of credit – it's easier to track and doesn't accrue interest or fees. • Keep credit card limits low. • Avoid Buy Now, Pay Later schemes and payment plans, which tempt you to overspend and have hefty penalties for missed repayments. • Monitor direct debits – cancel things you don't use, and don't let them auto-renew without checking you're getting the best value. Above all, live within your means. Debts can quickly snowball. 4. Be creative about buying property While housing affordability is woeful, don't give up without exploring all possibilities. Owning property makes a huge difference to your financial future and quality of life in retirement. You just may need to think creatively to make it happen, such as: • Pooling funds: Buy jointly with parents, siblings, cousins, friends. This could be a shared home or joint investment. • 'Rentvesting': Buying in a cheaper (perhaps regional) market and renting where you want to live. • Big sacrifices: Such as forgoing engagement rings and big weddings to boost savings. • Government assistance: State incentives, first home super saver scheme and/or the promised 5 per cent deposit initiative. • Help from the 'Bank of Mum and Dad': As a gift, loan, co-ownership arrangement or loan guarantee. Put everything in writing, especially when you are borrowing or buying with someone else – even family. 5. Seek (the right) advice TikToks and Insta reels are not a reliable source of information about money. Neither are your well-meaning but clueless friends and family. Don't get blinded by love either. Emotions can override logic, leading to STDs (sexually transmitted debts). A professional accountant and financial adviser use their understanding of relevant legal, tax, and investment frameworks to develop a plan specifically tailored to your unique values and circumstances. You don't know what you don't know in the complex world of finance. So don't gamble your hard-earned money on the advice of someone who isn't really knowledgeable enough to give it! Helen Baker is a licensed Australian financial adviser and author of the new book, Money For Life: How to build financial security from firm foundations (Major Street Publishing $32.99). Helen is among the 1 per cent of financial planners who hold a master's degree in the field. Proceeds from book sales are donated to charities supporting disadvantaged women and children. Find out more at
Malay Mail
09-06-2025
- Business
- Malay Mail
Generali Hong Kong Introduces LionAchiever Elite with High Potential Returns¹ and All-in-One Legacy Solutions
Generali Hong Kong announces the launch of LionAchiever Elite (the 'Plan'), a new flagship whole life savings and life insurance plan that offers customers high potential returns¹ with a short 2-year premium payment term, while also providing all-in-one legacy planning. Short premium payment term of 2 years with high potential returns 1 and early breakeven 1 with and Flexible death benefit settlement - choose lump sum, monthly instalments, partial or deferred payment for each beneficiary 2 - choose lump sum, monthly instalments, partial or deferred payment for each beneficiary Policy Split Option - pre-arrange to split the policy automatically among beneficiaries upon the insured's death 2 - pre-arrange to split the policy automatically among beneficiaries upon the insured's death Policy Custodian Option - nominate a trusted person to manage the policy temporarily when the Policyholder passes away until the successor is ready2 HONG KONG SAR - Media OutReach Newswire - 9 June 2025 - Generali Hong Kong announces the launch of LionAchiever Elite (the "Plan"), a new flagship whole life savings and life insurance plan that offers customers high potential returns¹ with a short 2-year premium payment term, while also providing all-in-one legacy planning. Designed to support both wealth accumulation and legacy planning, the plan empowers customers to achieve their financial goals and take control of how their legacy is preserved and passed a premium payment term of just 2 years, LionAchiever Elite provides an accessible solution for customers to grow their wealth with minimal ongoing commitment. The plan offers high potential returns¹ and early breakeven at early as the 3policy year¹. By the 10th policy year, it reaches a projected internal rate of return of up to 5.03% per annum¹, making it a powerful solution for customers looking to grow their wealth with a shorter commitment addition to wealth growth, the Plan provides comprehensive legacy planning solutions that support seamless wealth transfer across generations. These include the Death Benefit Payment Option, Policy Split Option, and Policy Custodian Option, allowing customers to tailor how their wealth is passed on through a single, integrated solution that gives them greater flexibility and control., said:Building on the success of LionAchiever, the new LionAchiever Elite is designed to offer even more features and greater flexibility to meet customers' evolving financial needs. For more information about LionAchiever Elite, please visit All information above is for reference only and does not constitute any offer and/or insurance product recommendation. The product information in this material does not contain the full terms of the product, for the details of the product features, terms and conditions, exclusions and key product risks, please refer to the product brochure and policy contract of relevant products or visit the The calculation for total breakeven and total IRR includes Guaranteed Cash Value and non-guaranteed Terminal Dividend. It is not guaranteed. It is based on the scenario of 2 years Premium Payment Term with existing promotion of 4% premium refund, annual premium payment mode with Total Premiums Paid of USD 1,000,000. It is assumed that all premiums are paid in full when due without any prepayment, policy loan, withdrawal, and/or exercise of any policy options2. Please refer to the Policy Provisions, product brochure, "Generali's All-in-one Legacy Planning Solutions" leaflet, forms, promotion flyer and other relevant documents for #GeneraliHongKong The issuer is solely responsible for the content of this announcement. Generali Hong Kong In 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group's global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers. THE GENERALI GROUP Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali's strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.
Zawya
09-06-2025
- Business
- Zawya
Generali Hong Kong Introduces LionAchiever Elite with High Potential Returns¹ and All-in-One Legacy Solutions
HONG KONG SAR - Media OutReach Newswire - 9 June 2025 - Generali Hong Kong announces the launch of LionAchiever Elite (the "Plan"), a new flagship whole life savings and life insurance plan that offers customers high potential returns¹ with a short 2-year premium payment term, while also providing all-in-one legacy planning. Designed to support both wealth accumulation and legacy planning, the plan empowers customers to achieve their financial goals and take control of how their legacy is preserved and passed on. With a premium payment term of just 2 years, LionAchiever Elite provides an accessible solution for customers to grow their wealth with minimal ongoing commitment. The plan offers high potential returns¹ and early breakeven at early as the 3 rd policy year¹. By the 10th policy year, it reaches a projected internal rate of return of up to 5.03% per annum¹, making it a powerful solution for customers looking to grow their wealth with a shorter commitment period. In addition to wealth growth, the Plan provides comprehensive legacy planning solutions that support seamless wealth transfer across generations. These include the Death Benefit Payment Option, Policy Split Option, and Policy Custodian Option, allowing customers to tailor how their wealth is passed on through a single, integrated solution that gives them greater flexibility and control. Ronald Tse, Chief Insurance Officer, Generali Hong Kong, said:"LionAchiever Elite is designed for customers who want more control over their wealth, not just in how they grow it, but also in how they transfer it to future generations. With flexible, all-in-one legacy planning solutions and a short 2-year premium term, the plan empowers our customers to plan ahead with clarity, confidence, and peace of mind." LionAchiever Elite's Key Features include: Short premium payment term of 2 years with high potential returns 1 and early breakeven 1 Flexible death benefit settlement - choose lump sum, monthly instalments, partial or deferred payment for each beneficiary 2 Policy Split Option - pre-arrange to split the policy automatically among beneficiaries upon the insured's death 2 Policy Custodian Option - nominate a trusted person to manage the policy temporarily when the Policyholder passes away until the successor is ready 2 Building on the success of LionAchiever, the new LionAchiever Elite is designed to offer even more features and greater flexibility to meet customers' evolving financial needs. For more information about LionAchiever Elite, please visit All information above is for reference only and does not constitute any offer and/or insurance product recommendation. The product information in this material does not contain the full terms of the product, for the details of the product features, terms and conditions, exclusions and key product risks, please refer to the product brochure and policy contract of relevant products or visit the website. Remarks: 1. The calculation for total breakeven and total IRR includes Guaranteed Cash Value and non-guaranteed Terminal Dividend. It is not guaranteed. It is based on the scenario of 2 years Premium Payment Term with existing promotion of 4% premium refund, annual premium payment mode with Total Premiums Paid of USD 1,000,000. It is assumed that all premiums are paid in full when due without any prepayment, policy loan, withdrawal, and/or exercise of any policy options 2. Please refer to the Policy Provisions, product brochure, "Generali's All-in-one Legacy Planning Solutions" leaflet, forms, promotion flyer and other relevant documents for details. Hashtag: #GeneraliHongKong The issuer is solely responsible for the content of this announcement. Generali Hong Kong In 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group's global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers. THE GENERALI GROUP Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali's strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society. Generali Hong Kong
