The end of financial year on 30 June is a good time to take stock and get your finances in order. This is an end of financial year like no other. Being prepared, reviewing your super contributions and submitting your return on time are good policies every year, but the shadow of COVID-19 (coronavirus) means […]
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Are you thinking of giving or lending money to adult children (or other family members) who are in financial hardship? Parents are often called on to help during times of crisis. Now, with a growing number of people experiencing financial hardship as a result of the coronavirus pandemic (COVID-19), there’s an increased chance that parental […]
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What the coronavirus stimulus package means for you and the Australian economy
Posted on 01. May, 2020 by admin.
With the COVID-19 coronavirus crippling the Australian economy and affecting livelihoods, the Australian Federal Government has announced a range of measures to support both businesses and individuals. The total stimulus announced to date is worth $189 billion, or 10% of the size of the Australian economy, and the government has said more financial support will […]
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Women starting a family benefit most from the government’s low-income super contribution. Women are the biggest recipientsi of the low-income super tax offset (LISTO). The number of females eligible for the tax break increases significantly around the time they start having children. How low income super tax offset (LISTO) works LISTO is a government superannuation payment […]
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If you are a shareholder of a company, you may receive payments known as dividends. These payments represent your share of the company’s profits and are your reward for investing. Dividends may be a great way to boost your income and are often considered tax effective. Find out exactly how they work and how often […]
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By replacing your home loan with a new one, you could take advantage of a better deal. Even if you secured a competitive package when you first took out your home loan, it’s worth reviewing each yeari to make sure the interest rates, fees, features and terms & conditions continue to meet your needs. And with […]
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How you feel, is your wellness. How you feel about your money is your financial wellness. This can be measured by the financial wellness index, which measures a person’s satisfaction with their current and future financial situation. Some days you might feel confident you can meet your needs within the boundaries of your current income, […]
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Here are some tips to start paying off your debt $45 billion. That’s how much Australians owe on their credit cards.i Now, perhaps that’s no drama if we’re not paying too much to access credit and we’re managing to avoid interest charges by paying back what we owe on time. But we paid a collective […]
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How the move to electronic payments could be making it easier to spend…and what to do about it. It’s Thursday morning and almost the end of the working week. You’re walking to the train station and you realise you’ve forgotten to top up your public transport card. No matter…a few clicks later and you’ve transferred […]
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The Reserve Bank of Australia (RBA) took the cash rate to a record low of 1% in July, bringing mortgage rates to their lowest level in more than half a century. However, the low cash rate also means your money in the bank could be earning less interest. Why did the RBA cut rates? Rate […]
