We got an award nomination for 2022 The Better Business Awards!

TM FINANCE GROUP has been named as a finalist in the Better Business Awards for Customer Service (individual)!!

 

The Better Business Awards is the premier event in recognising the most distinguished professionals and businesses in the mortgage and finance industry. The finalist list, which was announced today features over 600 high-achieving professionals across 19 submission-based categories.

Reaching the finalists stage is regarded as an incredible achievement across the Australian broking industry, showcasing the depth of dedication and commitment each individual and team brings to advancing the industry.

Editor of The Adviser Annie Kane said that,

“The Better Business Awards gets bigger and better every year, and the 2022 edition is no different. With the residential and commercial mortgages market continuing to break records, the broking industry has been busier than ever to help Australian borrowers realise their dreams and set them up for future success. Given the increasing uncertainty around the future of interest rates, changing lender policy, the huge range of options on market and the fact that mortgage brokers act in the best interests of their clients - more borrowers have been flocking to the brokers than ever before. “

We’re humbled to be recognised by such a highly regarded organisation and in particular for this category as we continue to champion bespoke, excellent customer service as one of our most focused areas of expertise. 

Fingers crossed the final results reflect our dedication to the cause!!

Recent updates to first home buyer scheme

First home buyers can now save their deposit even faster, after the First Home Super Saver Scheme savings threshold was increased from $30,000 to $50,000.

The scheme lets first home buyers salary-sacrifice pre-tax income into a dedicated account within their superannuation fund – up to $15,000 per year and now up to $50,000 in total.

There are two ways in which the First Home Super Saver Scheme benefits first home buyers.

First, the money they deposit into the scheme is taxed at 15% rather than the income tax rate, which is 19% for someone earning up to $45,000 and 32.5% for up to $120,000.

Second, when first home buyers eventually withdraw their money, they’re allowed to withdraw their original deposit plus about 4.7% interest, which is a higher rate of interest than they’d earn through a regular savings account. Withdrawals are generally taxed at the marginal tax rate minus 30 percentage points.

Call me if you’d like to know more! Your home loan is just around the corner.