As the financial year comes to a close, it’s important to consider your superannuation contributions before 30 June. This is a great time to boost your retirement savings and potentially reduce your 2023/2024 tax bill. Contribution Caps and Strategies For…
Many people have debt. Not as many people realise that, if you have debt of any kind, then every dollar you spend is another dollar you have borrowed. That’s how debt works. Huh? Let us explain with an example. Let’s say you…
Deciding when to retire is one of the most significant financial decisions you’ll make. The right time to retire varies for everyone, influenced by personal circumstances, financial readiness, and lifestyle goals. Here, we’ll explore key considerations for determining the best…
The Australian Federal Budget for 2024-25, presented by Treasurer Jim Chalmers, forecasts a surplus of $9.3 billion for 2023-24, with a projected deficit of $28.3 billion for the following year. The Budget also anticipates the unemployment rate will rise to 4%…
One of the less-reported elements of the Covid years was the rise in ‘seachangers.’ In the year to June 30 2021, the percentage of Australians living in cities fell from 67.4% to 67.2%. That might not sound like a large drop, but…
When setting up a Self-Managed Superannuation Fund (SMSF), many are advised to consider how best to handle their insurance needs. While some opt to retain their previous retail or industry super fund accounts primarily for insurance purposes, others explore the…
