by Harry Ashdown | Aug 7, 2023 | Family, Health Care, Insurance, Lifestyle, Private Health Insurance, Tax
Medicare Levy and Medicare Levy Surcharge is NOT the same thing! Let’s find out the difference together and which one we can avoid paying. The Medicare Levy rate varies based on your or your family’s income level. It is collected from you in the same way...
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 | May 1, 2023 | Active, Budgeting, Business Planning, Debt, Economics, Family, Federal Budget, First Home, Housing, Index, Interest Rates, Investing, RBA
The fight against inflationary pressures is a journey that central banks have been on for over a year1. The Reserve Bank of New Zealand was the first to move in October 2021, followed by the US Federal Reserve and the Bank of Canada in March 20221. Australia’s Reserve...
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