Your Tax file number (TFN) is one of those things that everyone seems to ask you for, and for good reason. This is because your TFN ensures that any tax you are required to pay is aligned with your earnings…
The likelihood of a Labor Government after this years Federal election is increasing with every Newspoll. The Australian Labor Party has been discussing their proposed policies for the past 12 months, which could have both positive and negative results on…
I’ve just finished perusing the recent Productivity Commission report on Superannuation in Australia. It’s named ‘Superannuation: Assessing Efficiency and Competitiveness – Inquiry report”. There is 700 pages of it plus 18 technical supplements, of which one alone “Investment Performance Methodology…
Over 15 years ago I completed a first-year physics course at University and, apart from the fact I knew I would never make it as a physicist, the only other thing I really remember is Newtons first law of motion….
What if your super isn’t being paid? For the majority of Australian workers, their employer is required to contribute 9.5% of their gross wage to superannuation on their behalf. It’s a good system in so far as it forces those…
How does your super compare? The table below shows the average super balances for Australian men and women of different ages (excluding those with no super) so you can compare your balance to others your age. Age Average balance –…
I recently met a couple who came to me with specific instructions that they wish to invest with a certain industry fund option. They had formed this view purely on the basis of what they’d been “recommended” in a very…
As of 2017, almost all tax-payers can make a private, personal contribution into their superannuation fund and then claim the contribution as a personal deduction when they do their tax return. You can contribute any nominated amount provided that your…
Salary sacrifice is one of the ‘financial’ terms that most of us have heard of, and believe we should do, but not all of us know why. The term ‘sacrifice’ can summon thoughts of ‘giving up’ or ‘forfeiting’ or ‘forgoing’…
Changes aimed at improving housing affordability have passed through parliament. See what the new rules could mean for you. Government proposals around improving housing affordability in Australia were passed through parliament on 7 December 2017.i As part of the changes,…
