Annual wage growth for workers drops to 3.5 per cent
13 November
Australia’s annual pace of wage growth has stepped down to 3.5 per cent through to September, from 4.1 per cent over the year to June. A large fall in the annual rate was anticipated as a bumper 5.75 per cent increase in award wages fell out of...[Read More]
Calls to expand super payments for younger workers
13 November
Teenagers should be paid superannuation on top of their wages regardless of how many hours they work, one of Australia’s largest funds urges. Modelling by the Super Members Council of Australia released on Tuesday shows the average worker under 18...[Read More]
Use this step-by-step checklist to manage tax for a deceased estate.
13 November
1. Look after yourself This is the most important thing. If you are feeling overwhelmed, don’t hesitate to talk with your friends or family, or phone a confidential counselling service: Lifeline Australia on 13 11 14 (24 hours) Beyond...[Read More]
Hopes $900 million fund can revive home-building
13 November
Cutting red tape standing in the way of modular home construction will be rewarded by the federal government via a new fund aimed at spurring states and territories towards a suite of productivity-enhancing reforms. The $900 million fund is part of...[Read More]
Empowering Aging Parents: A Guide to Navigating Technology and Avoiding Scams
7 November
Supporting aging parents with technology is essential as it helps them stay connected, access resources, and remain safe online. Teaching them how to use devices effectively and recognise scams is a practical way to foster independence and...[Read More]
What is the difference between shares and bananas?
7 November
In the world of investing, stocks and bonds often take centre stage. They represent two of the most common types of investments, each offering unique benefits and risks. As an investor, understanding stocks vs. bonds is key to building a diversified...[Read More]
Securing peace of mind: Life Insurance
7 November
Life insurance is often perceived as a rather morbid necessity—an acknowledgment of mortality that many prefer to defer. However, its value extends beyond mere financial security; it encompasses emotional and psychological comfort for both...[Read More]
Retirement withdrawal – lump sum or income stream
6 November
The difference between a lump sum withdrawal of super and a retirement income stream, and the tax consequences. Choose a lump sum or income stream When you meet the retirement condition of release, you can usually choose to withdraw your...[Read More]
Albanese sees sun breaking through dark economic clouds
6 November
Australian businesses have weathered years of economic storms but the prime minister says the worst may be over in an optimistic pitch for the years ahead. Anthony Albanese will address business leaders at an Australian Chamber of Commerce and...[Read More]
From sadness to wellbeing: call to rewire the economy
6 November
People are not simply wondering if they can afford the life they lead, they are questioning if it is the life they want, an international humanitarian says. “If you start talking to people about what their lives are like right now, a lot of people...[Read More]
Bonus to stick with army helps Australia to stay ready
6 November
Cash bonuses for serving personnel will do little to improve retention rates, a veterans’ welfare organisation warns. The Albanese government on Tuesday announced a $600 million package to keep people in the military, while releasing the 2024...[Read More]
Impact of $16 billion HECS debt cut ‘kind of invisible’
6 November
Middle and high-income Australians are set to benefit most from a plan to slash student debt but even then, it won’t significantly change their lives, an economist says. The federal government has promised to spend $16 billion on cutting debt by...[Read More]
Supply the key to fixing housing, not taxes: Treasury
6 November
Treasury does not believe removing tax concessions for property investors would shift the dial for housing affordability, despite being asked to investigate the impact of the tax changes by the government. The department’s secretary, Steven...[Read More]
A path to independence: guiding adult children to contribute at home
31 October
Many parents face the question of when their adult children living at home should start paying board and contributing to household expenses and chores as they transition into adulthood. The question of when and how much to charge, as well as the...[Read More]
Some tips to help grow your superannuation
31 October
Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]