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How the financial system inquiry will impact you
How the financial system inquiry will impact you On Tuesday, confirmation of the outcome of the most substantive review of the financial system in over twenty years was delivered by the Prime Minister and Treasurer. There are a few key policies which will impact almost every adult in Australia in some capacity or another. Our analysis on those that we think will have the […]
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Aussies losing $2.75bn in compulsory super payments each year: ASFA
Aussies losing $2.75bn in compulsory super payments each year: ASFA According to the Association of Superannuation Funds Australia (ASFA), Aussies are losing $2.75 billion each and every year through non-payment of their superannuation by employers. ASFA estimates that this is impacting 650,000 Australian workers each year, with the average person losing nearly $4,000 per annum in super which is the equivalent to 9 months SGC […]
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New study confirms what we all secretly knew, some of us are washing money down the drain.
New study confirms what we all secretly knew, some of us are washing money down the drain. A new study has revealed what most of us already suspected, but didn’t want to admit; if we made the effort of reviewing our interest rates, utilities providers and bank fees, we could save hundreds (perhaps thousands) of dollars per year. The report, conducted by the Queensland University of Technology (QUT) on behalf of Heritage […]
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ATO now matching credit card purchases against income
ATO now matching credit card purchases against income Just when you thought the tax man couldn’t get any busier, the ATO has recently announced that it has embarked on the assignment of matching up income declared on business tax returns against credit and debit cards records that specific banks and institutions have generated through the 2015-15 year. This is an entirely new operation […]
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When can you withdraw your super?
When can you withdraw your super? For many Australians superannuation is the largest asset they will ever own, outside of their own home. With the rules changing every few years and the contamination of changing Centrelink Age Pension ages, it can be confusing working out exactly when you will be able to access your super benefits. First things first, you must meet […]
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