Following is a recap of the announcements delivered by Treasurer, Josh Frydenberg, in the 2022-23 Federal Budget on Tuesday 29 March 2022. Updates include personal tax changes, changes affecting business taxpayers, and changes to superannuation. 1. Personal tax changes 1.1 Increase to low and middle income tax offset (‘LMITO’) The Government has announced a once-off $420 ‘cost … Continued
Take the pain out of managing your family’s finances with some simple tips every family can use. Taking care of household finances can be time consuming and boring – and often people don’t know where to start. Your local library may have some good resources if you want to do your own research, but these … Continued
One of the world’s most admired investors, Warren Buffett, is famous for saying “Don’t save what is left after spending; spend what is left after saving.” While this approach may not always be possible, investing even just a small amount regularly can make a big difference over the long term. If you are accumulating wealth… … Continued
The cost of goods and services will always be on the rise The increasing cost of goods and services is a reality most Australians have to deal with. Data from the Australian Bureau of Statistics shows that living expenses for employee households were up by 1.1% from March 2020, compared to March 20191. This may … Continued
A few healthy habits could set your children up for a more financially secure future. Research shows that parents’ actions affect their children’s behaviour and the effects can last into adulthood.[1] This puts the onus on parents to help their children develop the skills and behaviours to make smart financial decisions – from learning about … Continued