by admin | Jul 27, 2023 | Lifestyle, Retirement, Superannuation, Tax
This tax year, it has come to my attention that we need a bit of a refresher on how the Australian Income Tax System works, the difference between deductions and credits, and why we are all sad to see LMITO go. Our Tax System is Progressive So, this is the first thing...
by admin | Jul 25, 2023 | Debt, Economics, Family, Interest Rates, Investing, Retirement, Superannuation, Tax
If you’re thinking of retiring soon, you might want to know about the Transfer Balance Cap (TBC) for pension accounts in Australia. It’s a limit on how much money you can transfer from your superannuation account to your pension account. Why does it...
by admin | Jun 28, 2023 | Active, Debt, Economics, Federal Budget, Index, Interest Rates, Investing, RBA, Tax
The RBA feels like it is playing catch up as we had another rate rise and expected to have another one in July due to the high increase in award wages starting on 1 July. The US has paused rate hikes, however it was also a lot more aggressive in getting there given...
by admin | Apr 3, 2023 | Active, Budgeting, Business Planning, Debt, Economics, Federal Budget, Housing, Interest Rates, Investing, RBA, Retirement, Superannuation, Tax
In the haste to get to the next bull leg, financial markets sometimes can ignore the obvious. As central banks near the end of their respective policy tightening, the focus has already turned to the start of the next easing. Investors and their advisers can...
by admin | Mar 2, 2023 | Economics, Family, Housing, Investing, Retirement, Superannuation, Tax
After a bit of speculation, we are finally at the point where we know what Treasurer Jim Chalmers Super tax will look like (if it gets passed). That is, moving the Superannuation (accumulation phase) tax system away from a flat tax system, and instead add a second tax...
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