The high cost of giving

Article Abstract:

There are new restrictions on the financial value of gifts from retirees. Although retirees can give any gift to anyone they choose, any gift value over $5,000 will be examined when determining eligibility for pensions. Social Security examines the applicant's income for 5 years before the application date, including assets held during that time. The former gift limit was $10,000.

Australia, Finance, Gifts, Retirees

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Brave new whirl

Article Abstract:

Australia has seen the introduction of a new investment product in 2001, the exchange traded fund. This product which needs a strong market to succeed is likely to be followed by others despite a weak economy.

Product introduction, Investments

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