Key takeaways The ATO has introduced a new shortcut method for claiming work-related tax deductions until 30 June 2022 Under this method, you can claim 80 cents per hour for your additional running expenses that you have incurred You’re not required to keep receipts...
The numbers say that the average Australian woman retires with barely half (53 per cent)1 the super of the average man. As statistics go, it’s a shocking one. That gap starts to open early in working life, with women aged 25 to 34 having an average super balance of...
Trying to time investment markets is difficult if not impossible at the best of times, let alone now. The war in Ukraine, rising inflation and interest rates and an upcoming federal election have all added to market uncertainty and volatility. At times like these...
Key takeaways There are a whole range of strategies that make it worthwhile putting a little extra effort (and money) into your super Personal super contributions—those made from money you’ve already paid tax on such as savings or your take-home pay—are tax deductible...
With the end of financial year approaching, it’s a good time to review your personal balance sheet. If it’s not as healthy as you would like, perhaps it’s time to do a little budget repair of your own. Just as governments need to set policy objectives and budget for...
This time of year, people’s thoughts start turning to their tax return, but it can also be a good time to set things up so you don’t pay more tax than required next financial year. Simply talking to your employer about setting up an arrangement to “sacrifice” some of...
