How Much Do You Need to Retire in 2024? Retirement is a significant milestone that requires careful financial planning to ensure you can maintain your desired lifestyle. Understanding how much you need to retire comfortably is crucial, as is knowing what options are available to supplement...
Rents Expected to Keep Growing , but at Slower Pace Property investors have enjoyed a golden run over the past five years, during which the national median rent increased 39.7%. However, in July, rents increased just 0.1%, which was the slowest growth since 2020, according to...
How to prepare for falling term deposit rates In recent years, cash has stood out among defensive assets, reclaiming its title as ‘King’ thanks to steep interest rate hikes by the Reserve Bank of Australia (RBA). Since the cash rate peaked at 4.35% in November 2023,...
Protecting Your Wealth: How to Avoid Financial Scams In today’s increasingly digital world, financial scams have become a significant threat to investors. This article will explore common types of financial scams and provide practical advice on how to protect your assets from these risks. Understanding Financial Scams Financial...
Investing in REITs (Listed Property): A guide for Australian Investors What are Real Estate Investment Trusts (REITs)? REITs or real estate investment trusts, are listed securities that own, operate or finance income-producing real estate. This can include office towers, hotels, shopping centres and warehouses. As rates go...
The beginning of the financial year is a great opportunity to review your financial situation, to make sure you’re on track and on top of changes happening across tax and superannuation. Here are five areas that you may wish to review early this financial year. #1:...
What is Div. 293 Tax Div. 293 tax is an additional 15% tax that may apply to the concessional contributions (CCs) of higher income earners. Div. 293 tax is payable when your income and CCs, within their CC cap (known as ‘low tax contributions’), exceeds $250,000 in...
Australia’s tax system is set for significant changes with the implementation of Stage 3 tax cuts due to come into effect on 1 July 2024. Summary of the changes: ▪ reduce the 19% tax rate to 16%; ▪ reinstate the 37% tax bracket (which was going to be...
The 2024 Federal Budget provides cost of living relief through 1 July tax cuts, lower power bills, higher welfare payments and support for small businesses Note: These changes are proposals only and may or may not be made law. You should speak to your financial adviser...
Why It Can Pay To Put As Much As Possible Into Super As the retirement day of reckoning looms, it’s common for Australians of a certain age to regret not putting more into their super earlier on. While recent changes to the super rules make it easier...