Federal Budget 2023-24 Summary
Lady Luck has once again looked down fondly upon Australia, creating the first budget surplus in 15years, through a higher tax take on record export earnings and increasing income tax receipts fromhigher job numbers. But how long will the good times last? Domestic economic growth is expected to buckle under the weight of higher interest […]
Economists keep watch as Reserve Bank of Australia determines interest rates
The Reserve Bank of Australia’s stance on interest rates has garnered much attention from economists this quarter. The bank has raised interest rates significantly in an attempt to reduce domestic inflation, but recent data shows a slowdown. The Consumer Price Index only increased by 0.2% for the month of February, signaling a possible halt to […]
Buying Your Kids A Home- Good or Bad?
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Budget Commentary 2022- 2023
Cost of living tax offset The Government is proposing to increase the Low- and Middle-Income Tax Offset (LMITO) for the 2021-22 income year to provide a one-off cost of living tax offset. LMITO will be increased by $420 for the 2021-22 income year, increasing the offset to $1,500 for individuals and $3,000 for couples. […]
How to invest in super
How to decide about your Super Deciding about which super to invest in and which investment option to opt in is often too much for a common person and they just opt randomly which might not be optimal for them. To choose the right super one needs to know: What is your investment strategy? Do […]
How Super Works In Australia ?
Are you confused about how super works in Australia? Do you know how your super is taxed or how much you should contribute? Read on for a breakdown of the basics.Superannuation often referred to as ‘super’, is a retirement savings account that is compulsory for most Australian workers. Employers are required by law to pay […]
Five Steps to Manage Your Super Better
Know your superannuation fund balance – always make sure you know what’s happening with your super funds. Keeping on top of your superannuation fund balance is an important element to consider when analyzing the future of your financial well-being. Knowing your fund balance can help you decide if it is suitable for retirement or if […]
