Sun, 25th Feb 2024

In this episode of Financial Services Online, Paige Estritori covers key updates from Australia's financial sector. Predominantly, the hot debate of negative gearing in real estate investment is discussed, highlighting its role in self-funded retirement and rental housing, along with the tax implications. In light of over 30,000 complaints, the Australian Financial Complaints Authority (AFCA) stresses the urgent need for improved complaint handling systems in the insurance sector, calling for thorough self-scrutiny of their practices. Enhancements on super contribution limits set for July offer major benefits for individuals approaching retirement. Lastly, Toyota Finance faces legal allegations for exploiting "flex commissions" between 2010 and 2018, reminding consumers to cautiously scrutinize dealership-coordinated loans and to lean towards clear and lower rate options from lenders.n