A new financial year – a new start As we approach the start of the 2024/25 financial year on July 1, 2024, there are several important considerations for us as individuals. Let’s explore six key financial aspects to keep in mind: 1. Set clear financial goals Begin by defining your...
News
Show me the money!
Show me the money! The ASFA Retirement Standard [1] is released every quarter and benchmarks the living costs for Australians seeking either a modest or a comfortable retirement lifestyle. The Retirement Standard was first published back in 2004. Considering increases in living costs due to inflation, these quarterly results provide...
Extension of the temporary reduction in pension minimum drawdown rates
The Government has announced an extension of the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June 2022. While not everyone will be in a position to do this, it may be helpful for retirees who want to conserve their assets and don’t require all of...
RBA trims cash rate to new record low 0.10%
If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%.
Housing affordability best it’s been in a decade: report
Great news for homeowners and prospective buyers: housing affordability is at its best level in a decade and should continue to improve throughout 2021.
JobKeeper 2.0 starts today: here’s what you need to know
Like most sequels, JobKeeper 2.0 won’t be as big a blockbuster as the original. But that’s not to say it won't help many SMEs navigate the difficult times ahead. Today we’ll cover what you need to know about making the transition for your business.