This week the Reserve Bank (RBA) started to rebuild its credibility and get ahead of the inflation curve by lifting official interest rates by a higher than expected 0.5 per cent to 0.85 per cent… the biggest rate hike in 22 years. It follows well behind similar rate rises by Central Banks in the UK,… Read more »
NAB has launched of its new Buy Now, Pay Later (BNPL) product, NAB Now Pay Later, with NAB customers now able to pre-register for early access to the service. Unlike some other BNPL products, NAB’s offering has no late fees, no interest and no account fees. This makes it a potentially cost effective option when compared… Read more »
Knowing what you’re entitled to claim for the end of financial year can be tricky, since every so often the Australian Tax Office (ATO) makes changes. Here are some of the tax deductions you may be able to claim in the 2021-2022 income year. Of course, general information like this will only get you so… Read more »
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Your Money
Think you have to be old or naïve to be a scam target? Think again. In the last 12 months, the Australian Taxation Office (ATO) has taken action against 595 websites impersonating their online services. These fake sites are designed to steal passwords, personal information and identity documents, such as passports and driver licences. Assistant… Read more »
Your Life
Kids’ savings accounts are generally horrible when it comes to features and returns – but some are better than others. As a father of four adult children and eight grandchildren, I’ve always been interested in kids’ savings accounts. Libby and I have always tried to instil good savings habits (with mixed success) into our kids… Read more »
Your Business
Self-made millionaires follow a tried and tested formula that embraces success and hard work, writes Zaki Ameer. By Zaki Ameer Zaki Ameer was never interested in academic life. He failed at school, and began his entrepreneurial journey by selling cassettes to classmates. After moving to Australia to study for a Bachelor of Business, a chance… Read more »
Weekly money, life and business news delivered to your inbox.
This week the Reserve Bank (RBA) started to rebuild its credibility and get ahead of the inflation curve by lifting official interest rates by a higher than expected 0.5 per cent to 0.85 per cent… the biggest rate hike in 22 years. It follows well behind similar rate rises by Central Banks in the UK,… Read more »
NAB has launched of its new Buy Now, Pay Later (BNPL) product, NAB Now Pay Later, with NAB customers now able to pre-register for early access to the service. Unlike some other BNPL products, NAB’s offering has no late fees, no interest and no account fees. This makes it a potentially cost effective option when compared… Read more »
Knowing what you’re entitled to claim for the end of financial year can be tricky, since every so often the Australian Tax Office (ATO) makes changes. Here are some of the tax deductions you may be able to claim in the 2021-2022 income year. Of course, general information like this will only get you so… Read more »
The Labor Government’s new Help to Buy scheme will be open to 10,000 Australians each financial year. Under the scheme, you can access an equity contribution of up to 40 per cent of the purchase price of a new home and up to 30 per cent of the purchase price for an existing home. The… Read more »
The housing affordability ‘crisis’ has been in the media for months, but all is not what it seems. I know, I’m just as surprised as you. But these are the facts. It goes against every report in the media – and what every adult child is telling their parents – that it has never been… Read more »
You know it’s tax time when the Australian Tax Office releases its annual ATO hit list of the areas they are targeting for special attention. This year the ATO hit list is focused on: record-keeping; work-related expenses; rental property income and deductions; and capital gains from crypto assets, property, and shares. “The ATO is targeting… Read more »
Rents are skyrocketing across Australia, but it’s all just a matter of supply and demand. In March REA reported a huge reduction in rental listings, highlighting the challenges faced by those seeking a rental property. The number of total properties listed for rent nationally fell a further 11.6 per cent over April and is down… Read more »
