Tax rules for retirees Thursday marks the end of financial year 2022. Or the EOFY as it’s now commonly known. Many people assume – incorrectly – that retirees who don’t earn income don’t need to file anything. This is not true. There are two points to make here....
Eight ways your finances could change This year there are a flurry of financial changes coming through on 1 July. Some may dramatically affect your retirement income possibilities. At the very least, they should encourage you to review your current settings and...
Sliding assets and rising rates deliver a bonus You’ve seen the headlines. Share markets around the world and here in Australia have been taking a tumble. In mid-June, the US share market is down just over 20% since the beginning of calendar year 2022. The...
The current economic climate has been described as a ‘crisis’ by incoming Treasurer, Jim Chalmers. Whether rising prices and interest rates do indeed constitute a crisis is arguable. But it’s fair to say that most Australians are very concerned about the rapidly...
One of the major myths about retirees is that they don’t work. This is the opposite of what’s really happening. Many retirees are still in the paid work force, albeit working fewer hours. Just as many others are beavering away doing volunteer work. In fact It’s...
Last week the Association of Super Funds of Australia (ASFA) released its March quarter Retirement Standard which measures household costs for those in retirement. The news isn’t good, with annual percentage increases the largest since 2010. The ASFA Retirement...
