Aussie parents have coughed up more than $26 million to help their adult kids since COVID-19 hit our shores – and one in five is at financial risk from doing so. Parents helping their adult kids financially isn’t an unfamiliar concept in this country, but figures...
Social psychologist and Harvard University Professor Ellen Langer says increased mindfulness can deliver measurable benefits. Back in the day, the workplace tended to be a more structured environment. We worked set hours, followed set procedures and conformed to a set mindset. But plenty has changed over the...
From 1 July 2021, the contributions your employer is required to make into your super fund, under the super guarantee, will increase to 10% of your before-tax income. The super guarantee will increase from 9.5% to 10%, as planned, on 1 July 2021. The outcome of this...
One in five Australians is hoping to purchase a property in the next 12 months, while one in three existing homeowners wants to refinance to get a better deal. Record-low interest rates and a shift in people’s mindsets, post the outbreak of the COVID-19 pandemic, are...
The reduced minimum pension relief that will now apply for the 2022 financial year is not restricted to account-based pensions, said a legal specialist.
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Key points - Snap lockdowns in Sydney, Perth and Queensland are likely to cost the economy $2.5bn, but like previous snap lockdowns are unlikely to derail the recovery. - Australia has little choice but to continue with snap lockdowns until increased vaccination sets up herd immunity from...
The ATO made an extension relief for affected taxpayers and related SMSFs who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19.
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Here's a check list of what you will need to include in your 2020-21 income tax return.
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The ATO’s newly released March 2021 quarterly statistical report has revealed the total number of SMSFs will soon hit 600,000, with consistent growth seen across establishments and assets as the industry heads into a post-COVID economic recovery.
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Managing your money doesn’t have to be stressful. By breaking down your goals and establishing good habits you can work towards financial wellbeing. With one in four Australians reporting more financial stress after COVIDi, it’s no surprise many of us are concerned about the future. Between...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.