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If you earned Australian income between 1 July 2023 and 30 June 2024, you may need to lodge a tax return. If you're doing your own tax, you have until 31 October to lodge your return. Lodge online with myTax You can lodge your return using myTax, the ATO's free online tax return. You need...Read More

Many Australians expect an inheritance, but their parents may have a different view. Around one in two Australians have received or expect to inherit money or property, either from their parents or others. That’s one of the key findings from Vanguard’s 2024 How Australia Retires research, but it shouldn’t come as a great surprise. Over...Read More

Salary sacrificing into super involves reducing your take-home pay to put more money away for your retirement. Salary sacrificing into super is where you choose to have some of your before-tax income paid into your super account by your employer. This is on top of what your employer might pay you under the super guarantee,...Read More

If you’ve had interrupted income, or just haven’t been in a position to put as much into super as you’d like, catch-up concessional contributions may provide an opportunity to top up at a more convenient time. You won’t always be in a position to put money into your super. You might be taking time off...Read More

Planning for retirement is crucial, and understanding the biggest retirement planning mistakes can make a significant difference in securing a comfortable and enjoyable future. Many retirees make common errors that can impact their financial well-being. By identifying and avoiding these pitfalls, you can enhance your financial security and peace of mind. At MBA Financial Strategists,...Read More

As our family members or friends get older, it’s normal to worry about them and want to help. But it's not that easy to know what to do. If you're finding it tricky, here are some ideas to get the ball rolling. Start a money conversation Sometimes, it's not easy for older people to talk...Read More

Teaching kids about money The truth is, adulthood is rife with financial challenges. The more prepared your children are, the better. From budgeting and saving, to understanding the true value of money, read our guide on teaching your kids financial literacy. As a parent, you play a vital role in helping your child establish positive...Read More

Household wealth or net worth is a measure of a household’s assets less its liabilities. Household wealth always generates a lot of interest in Australia which probably comes down to the obsession with housing. Around 70% of household wealth is tied to the value of the home (made up of land and dwelling). In the...Read More

A joint account is a bank account that more than one person can access. It can make it easier to manage shared expenses, but also comes with the risk of sharing access to your money. A joint account can be any kind of bank account: savings, transaction or term deposit. The type you choose depends...Read More

Average household wealth, and what it takes to rank among Australia's wealthiest 1%. Being a billionaire isn’t what it used to be. Back in 1990, Australia had one of them – the late media mogul Kerry Packer. But these days Australia has lots. According to the just-released Australian Financial Review Rich List, there are now...Read More