Annual growth in rent has hit a 14-year high as home buyers face rising interest rates. The Reserve Bank on Tuesday announced a third hike in the cash rate in as many months, taking it to 1.35 per cent. The 50 basis point rise – the third...
Australians will have to dig a little deeper in their pockets after the Reserve Bank hiked the cash rate to 1.35 per cent. RateCity estimates the 50 basis point rise – the third hike in three months – will add $137 a month to a $500,000...
Treasurer Jim Chalmers says neither his department nor the Reserve Bank are forecasting a recession for Australia. A number of economists have suggested lower house prices, a drop-off in dwelling investment and a range of global pressures will bring the economy close to recession in 2023. Dr...
You don’t have to pay yourself super, but when you retire, you might be glad you did. You can make regular or lump sum payments, can usually claim a tax deduction on contributions, and may be able to save tax. Why pay yourself super There are advantages to...
Taxes on Ukrainian goods being imported into Australia have been scrapped following Anthony Albanese’s tour of the war-torn nation. The prime minister visited the towns of Bucha, Irpin and Hostomel on Sunday, before meeting with Ukrainian President Volodymyr Zelenskiy in the capital Kyiv. The federal government pledged...
The trustee is responsible for managing the trust’s tax affairs, including registering the trust in the tax system, lodging trust tax returns and paying some tax liabilities. The beneficiaries include their share of the trust’s net income in their tax returns and may need to pay instalments on their expected...