Here you will find a list of words which you may find useful when dealing with your finances.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Item of value, such as cash, investments or property.
Australian Securities and Investments Commission (ASIC)
ASIC is Australia's corporate, markets and financial services regulator.
Australian Taxation Office (ATO)
Is the Australian Government's principal revenue collection agency, responsible for managing tax, excise and superannuation systems within Australia.
The state of being or becoming bankrupt; a person who has been adjudged insolvent by a court and property divided amongst creditors as dictated by bankruptcy law.
An investment option issued by government or company which pays regular and fixed interest for the term of the investment.
A plan for saving and spending income over a certain period of time.
The difference between the purchase price and the selling price of an investment.
Measurement of money a person receives and spends.
The process of earning interest on interest previously earned.
An amount owed to lenders.
A payment to shareholders for their portion of a company's distributed profit based on their owned share.
Value of an asset after deducting any money owed.
A person who can give personal financial advice based on a client's personal needs, circumstances and objectives.
The process a financial planner uses to create a financial strategy suitable for a client's financial situation.
Financial Planning Association
The Financial Planning Association of Australia (FPA) is a leading professional body representing the financial planning profession.
Total amount of income earned before deductions and tax.
Money a person earns or receives.
Bankrupt, without money.
A form of protection against loss, whereby an insurance company agrees to pay an amount of money to the insured person in the event of a pre-defined event occurring.
The purchasing of an asset for the purpose of generating a profit.
A contract for the use of an item or property for a specified period of time in return for periodic payments.
A form of managing investment where a pool of money from several investors is used to purchase an investment.
A legal agreement for the repayment of monies owed in respect to a loan for property purchased.
The amount of income remaining after all tax and deductions.
Person who assists a financial planner, generally compiling reports and research.
The agreement for part of your income to be paid to an alternate beneficiary before tax is deducted, in return lowering your taxable income.
Self Managed Superannuation Fund
A superannuation fund established and managed by the owner.
SOA – Statement of Advice
A document used by Financial Planners to advise clients about their recommended financial plan.
Money put aside from your income (either by your employer or by yourself) into a dedicated 'superannuation fund' for use when you reach retirement.
Tax File Number (TFN)
A personal identification number issued by the Australian Taxation Office when you begin paying tax.