In March 2020 the Aussie dipped below US58 cents for the first time in a decade. Since then, a high of just over US77 cents in 2021 has been followed by a rollercoaster ride, mostly downhill. In October 2022 the […]

In fact, the value of inheritances as well as gifts to family and friends has doubled over the past two decades.i A 2021 Productivity Commission report found that $120 billion was passed on in 2018 and that amount is expected to grow […]

In fact, many young people would like to know more about money, according to a Young People and Money survey by the Australian Securities and Investments Commission MoneySmart website. The survey found more than half of the 15-21-year-olds surveyed were interested in […]

Amid calls for more affordable infant formula options here, supermarket chain Sheng Siong launched a new formula milk range from Australia, priced between $25.50 and $29.50 for a 900g tin, on Thursday (Aug 24). The formula is manufactured by Nature […]

The 2016-17 financial year is your last opportunity to make a non-concessional (after tax) contribution of up to $180,000 to your super account, or as much as $540,000 under the ‘bring forward’ rule. This rule allows people under age 65 […]

Australia’s strong performance is even more remarkable in a year characterised by ongoing uncertainty and volatility on global markets, culminating in the shock British exit – or Brexit – from the European Union. Locally, investment plans were on hold during […]

Now is the time to make any last minute adjustments to reduce your tax bill and maximise your long-term savings. Pay expenses, delay income Start by looking for ways to bring forward tax-deductible expenses to the current financial year and […]

If you are planning to put after-tax money into super before June 30 you now need to work out whether you will be in breach of the new $500,000 lifetime cap on non-concessional contributions. This cap is calculated from 1 […]

Low oil prices have weighed heavily on global markets in 2016, with investors and pundits alike unsettled by the speed and size of the fall. But where there are losers there are also winners, depending on whether you are a […]

Family is a risk that many don’t consider when planning for retirement. After all, you probably have little or no debt now the kids are independent and you are retired or close to retirement. Hopefully you feel you have enough […]