Attitudes towards family money transfers vary. Some will subscribe to the so-called SKI theory and ‘spend the kids’ inheritance’ very happily. Others often live frugally in order to leave a substantial bequest. But both these habits are increasingly giving way to the growing trend towards ‘giving while living’.
Age Pension increases from 1 July 2023: What you need to know We previously reported that Age Pension thresholds will change on 1 July this year. We now know by how much and who will be affected. Whilst the changes won’t go live until 1 July, the rates for each...
On 1 July, the Age Pension eligibility age will increase to 67. But will it stop there or increase to 70 over the next few years?