Where to put your savings to work

Article Abstract:

Saving is increasing in Australia. Deposit accounts are the most popular form of savings after the home itself. Nonbank investments are a fast-growing investment area. Unit trusts or bonds are places where savers can put money. According to fund managers unit trusts are more attractive than bonds because the costs can be seen.

Australia, Economic aspects, Investments, Bonds, Bonds (Securities)

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AMP: beware the nasty surprise

Article Abstract:

Some policyholders in Australia's AMP Ltd. (AMP) could receive tax bills depending on the way the shares were allocated. The tax office has extended the deadline for superannuation trustees to allocate shares from the AMP listing. Members who receive AMP share in superfund accounts could be forced to pay taxes.

Securities, AMP

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