Many people believe that the RBA is about to decrease the interest rate, so savers are really having a tough time. Maybe ASX dividend shares are the way to go.

I think it’s important to keep a certain amount of cash on hand for short term and medium term needs, but after that it might be necessary for people to consider ASX shares to boost their income, such as these three:

BetaShares Australia 200 ETF (ASX: A200)

A great way for any Aussie to invest is to think about exchange traded funds (ETFs), which is the ability to invest in an entire index of shares through one one broker trade.

The BetaShares Australia 200 ETF looks to track the ASX 200 for investors. The ETF has a partially franked dividend yield of almost 5% because most of the biggest portfolio holdings are slow growth businesses (with low valuations) with high dividend yields like Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP) and Westpac Banking Corp (ASX: WBC).

If you want to be invested in the broad Australian share market then this ETF could be the best way to do it, and it’s certainly the cheapest.

Vitalharvest Freehold Trust (ASX: VTH)

If Labor are successful at the election and can get the proposed franking credit changes through then companies that pay fully franked dividends won’t be as attractive for income.

Vitalharvest could be an option to consider because it’s a farming landlord operating in a real estate investment trust (REIT) structure. It currently owns berry and citrus fruit farms, but over time it is likely to grow into other produce.

It could be a good idea for income because it is targeting a distribution yield of 8%.

Brickworks Limited (ASX: BKW)

Brickworks is an interesting business to me because it has three different segments.

One segment is construction materials, which is currently being affected by the construction downturn in Australia. However, there are a couple of exciting opportunities in the future including its new partnership with FBR Ltd (ASX: FBR) and its plans to grow in the US brick market.

The second segment is ‘Investments’, which boils down to its large holding of shares of investment conglomerate Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), which it has held for decades. The earnings and dividends from WHSP make up for any bad years in construction for Brickworks and it has been excellent in the decades it has held the shares.

Finally, Brickworks owns a growing property portfolio in a trust which is equally owned by Goodman Group (ASX: GMG), the properties are in the industrial space and are steadily paying a growing level of income to Brickworks.

Including the franking credits, Brickworks has a dividend yield of 4.8%. It hasn’t decreased its dividend in over 40 years.

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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).

Disclosure: Jaz owns shares of Washington H. Soul Pattinson and Co. Ltd at the time of writing, but this could change at any time.