Making plans to move in with your partner or share finances can be exciting. Knowing your financial and legal responsibilities, and where to get help if you need it, can make your life together run more smoothly. Talk about your finances The earlier you start talking about your finances with your partner, the better. Understand...Read More
The global trading system that promoted free trade and underpinned global prosperity for 80 years now stands at a crossroads. Recent trade policy developments have introduced unprecedented levels of uncertainty – not least, the upheaval caused by United States President Donald Trump’s sweeping tariff regime. This is presenting some fundamental changes to the way nations...Read More
Take a sec to check Scammers aim to take advantage of weak security and plan on you being distracted with everyday life. To keep yourself safe: Stop – Don’t share your personal information such as your myGov sign in details, Tax File Number (TFN), or bank account details, with anyone unless you trust the person...Read More
Donald Trump’s new international trade tariffs have landed. Some are lower than others, some deals have been done, but overall they are the highest they have been in 100 years. They are also unprecedented in the era of the rules-based trade system that has been in place since 1945. So what happens next? That’s a...Read More
If you have a poor credit score or an error in your credit report, it may affect loans or credit you apply for. You have a right to get errors fixed for free, and you can arrange this yourself. What you can get fixed (for free) Here are some of the typical errors in credit...Read More
When to declare taxable and tax-free government payments, pensions and allowances in your tax return. What are government payments, pensions and allowances? Australian Government payments, pensions and allowances are income amounts that you receive from a government agency. Commonly these payments are from Services Australia or the Department of Veteran’s affairs (DVA). Depending on the...Read More
If you are trying to get ahead financially, whether you are coming up with a deposit for your first home, focussed on paying down a mortgage, or working towards any other financial goals, budgeting and being able to save is critical, but as well as minimising your spending, a great way to get ahead is...Read More
Retirement might be just around the corner, or maybe you’ve recently crossed that exciting threshold. You’ve worked hard for decades, and now ready to trade in the alarm clock for leisurely mornings and to-do lists that are actually fun. But as you move into the next phase of your life; a thought might cross your...Read More
When to include insurance payouts from disaster events in your tax return for businesses, or assets that produce income. When recovering from disaster events, check if you need to report and pay tax on insurance payouts: damaged or destroyed personal items or assets are not taxed businesses or income-producing assets may be taxed. The following...Read More
Here’s how you can help your children build financial literacy Australia is one of the wealthiest countries in the world, yet many Australians struggle with financial literacy. Vanguard’s 2024 How Australia Retires report found that only one-third of Australians were very confident or extremely confident in making financial decisions. While most Australians (56%) were very...Read More
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