What is the First Home Owner Grant? The FHOG was introduced by the Federal Government in 2000 to assist first home buyers with purchasing a home. Since then, the rules around it have repeatedly changed. While the FHOG is a national scheme, it’s funded by the states...
Key takeaways To qualify for tax deductions, donations must be made to ATO-approved eligible Deductible Gift Recipients (DGRs). Not all donations are eligible for tax deductions in Australia. Maintaining proper documentation is vital when claiming donation tax...
When looking into the financial elements associated with planning for aged care, there is a lot of information out there which can be confusing. With this in mind, it’s important to have your questions answered by those who are experts in finance specialising in...
Find out how to save money every day and make a savings plan to stay on track. Separate and automate your savings An online savings account is a great way to grow your money faster. Unlike a transaction account, you can’t spend money directly from a savings account,...
Key takeaways Having a savings plan and an appropriate level of insurance cover can help insulate you from financial stress. Tracking expenses gives a complete picture of where savings can be made, helping reach your financial goals more quickly. Avoid accumulating...
Key takeaways On 1 July 2023, the compulsory super paid by your employer went up from 10.5% to 11% of your income The maximum amount you can move from super into a tax-free retirement pension product has increased from $1.7 million to $1.9 million The minimum amount...
