Proposed changes to superannuation, home buyer support, social security, and more have come out on the heels of the recent federal election and Federal Budget. Here’s what you need to know The following proposed changes relate to social security programs and downsizer contributions. Deeming Rates Eligibility for many...
Hundreds of thousands of Australians will be better off in retirement when the superannuation income threshold payment is dropped on July 1. The axing of the $450 threshold means employees aged 18 and over will have to be paid super, regardless of how much they earn. Aware...
Consumers took the first interest rate rise in more than a decade in their stride with spending reaching a record high in May, but economists expect further hikes and high inflation will eventually take their toll. Retail trade grew by a larger than expected 0.9 per...
Home Maintenance Tips for Every Season A lot of property owners take a very casual approach to the upkeep and repair of their house or building. They usually wait for something to break, clog, overflow, leak, jam or fail catastrophically before addressing the problem. Others are...
Australians appear to be adjusting to a world of rising inflation and interest rates, aided by recent state budget initiatives. The ANZ-Roy Morgan consumer confidence index jumped 3.7 per cent in the past week, building on a modest gain the previous week and after a near-eight...
The national average for unleaded petrol struck its second highest level in history last week, with every state and territory now paying more than $2 per litre, but there are signs of better times ahead for motorists. The Australian Institute for Petroleum said the national average...
Export restrictions in about 24 countries globally are pushing up prices and increasing food insecurity, according to the Australian Bureau of Agricultural and Resource Economics and Sciences. The latest ABARES Insights report showed food prices have increased 65 per cent in the past two years, and...
Estate planning involves developing a strategy to deal with your assets after you die – the legal instruments and structures, such as a will, you put in place to transfer your assets in the event of death. Tax is a major consideration in estate planning, and...
Australia’s greenhouse gas emissions increased in the last year, according to new data. A quarterly update of the national greenhouse gas inventory says there was an 0.8 per cent increase in emissions in 2021, equal to 4.1 million tonnes more than the same period in 2020. Increased...
Food and beverage wholesaler Metcash has reported record annual sales and lifted full-year profit, but warns food inflation has continued to rise during the second half of the financial year. The IGA Supermarkets owner and distributor says net profit for the 12 months to April 30...