Accumulating funds in a child’s name is generally not suitable as the unearned income of a minor is taxed at the top marginal tax rate.
Expanding eligibility to downsizer measures: Legislation has been introduced to reduce the downsizer eligibility age from 60 to 55. This measure will take effect from the first quarter after passing into law, which is expected to be 1 January 2023.
Share market pullbacks are healthy and normal - their volatility is the price we pay for the higher returns they provide over the long term.
But adopting good financial habits isn’t always as easy as it sounds, start building good financial habits with these six steps.
Australians, Government, Superannuation, Budget
The Government has announced that it will bring forward stage two of the previously legislated tax cuts that were due
to take effect from 1 July 2022 by two years.
