The 2024/25 Federal Budget was announced on 14th May 2024 with the stated aim to assist with cost-of-living pressures and stimulate growth over the long-term. There were no surprises given most of the[...]
After a strong finish to 2023, equity markets continued to push new highs in 2024 on the hope interest rates would reduce earlier than expected. By mid-April sentiment changed to cool the run on the b[...]
The 4th anniversary of COVID is weeks away and 2023 has been eventful. We’ve seen a new war in addition to Ukraine, significantly higher prices of goods & services, inflation at 30+ year highs[...]
The hot topic right now is the combined housing and cost of living crisis in Australia. Property prices, inflation and interest rates move in cycles and as they move higher, we see a widening gap [...]
With media revenue driven by the number of clicks, headlines are becoming increasingly outlandish to lure in readers. As a media consumer of financial news, it’s vital to read media content throug[...]
Given the points raised earlier, more clients are enquiring how they can give their children a leg up in their own financial journey. This may be in the form of helping them buy a bigger home, fundi[...]
The modern day ‘bank robber’ wants to be your best friend. Verify everything. Don’t make assumptions. The scammers are professionally trained experts. Given these risks, many Banks are man[...]
The proposal to increase superannuation tax on earnings on member balances > $3m from 15% to 30% (i.e. 30% tax rate on the proportion of earnings >$3M only) was introduced to parliament on 30 No[...]
The Tax Office has recently increased scrutiny of Family Trust distributions to adult children (>18-year-old child) to ensure the child receives the financial benefit and enjoyment of the funds. Th[...]
The former government legislated three stages of personal income tax cuts commencing FY19 with the final stage to commence 1 July 2024 unless the Albanese government legislates to overturn this which [...]