15Aug

Retirement and changes to the Age Pension deeming rates

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Financial wellbeing is defined as when you are able to meet expenses and have some money left over, are in control of your finances, and feeling financially secure, now and in the future. Some of the main factors that can influence your financial wellbeing are as follows: 1. financial capability (your financial knowledge, attitudes, decisions, […]

15Aug

Tax refunds: Low and middle income tax offset (LMITO)

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When parliament resumed post the federal election, the re-elected Coalition government’s initial primary focus was on passing their proposed amendments to their previously legislated Personal Income Tax Plan. The proposed amendments, contained within The Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Bill 2019, received royal assent on 5 July […]

15Aug

Super review checklist: Your annual super statement

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Whilst the recent implementation of the ‘Protecting Your Super Package’ has received a somewhat mixed reception, it has provided some people with a much-needed prompt to review their super details. Another opportunity to do so occurs with the release of annual super statements. As a super fund member, you will be receiving your annual statement […]