Traditional indicators such as GDP, unemployment rates, and inflation indicators are used to measure the health and performance of an economy. These are commonly used by economists and policymakers in gauging a country’s economic growth and stability. However, there are also more unconventional indicators that can provide insights into consumer behaviour and market trends. The […]
The prime minister says he had a responsibility to act on making changes to taxes on superannuation, following departmental advice on multimillion-dollar balances. While there had been broad community support for doubling the tax rate for superannuation balances with more than $3 million, Anthony Albanese indicated other tax changes were not on the horizon. The […]
The trade surplus fell to $11.6 billion in January from $12.9 billion in December. Trade data released by the Australian Bureau of Statistics on Tuesday showed exports grew 1.4 per cent in January and imports swelled by 4.6 per cent over the month. Economists expected an increase in the trade surplus driven by strong commodity […]
A majority of voters approve of the government’s superannuation tax plan but Labor and Prime Minister Anthony Albanese have been marked down, the latest Newspoll shows. The poll conducted for The Australian shows almost two-thirds of voters support Treasurer Jim Chalmers’ plan to double the concessional tax rate for super balances over $3 million in […]
The Liberals will go to the next election pledging to repeal Labor’s plan to increase the tax on high-end superannuation accounts. A new plan revealed by the prime minister and treasurer on Tuesday will double the current tax rate to 30 per cent for balances above $3 million from 2025/26. It will impact about 80,000 […]
Even as children, people create this big picture in their minds — a reflection of how they envision their life to be. Whether your big picture is similar to what’s called the Australian Dream (home ownership as the key to a better life) or not depends a lot on your priorities and goals in life. Either way, […]
People strive hard to accomplish a variety of goals during their lifetime, although there’s nothing more significant than being able to spend quality time in the company of family, friends and loved ones. Indeed, investing in relationships gives depth and meaning to one’s life. However, in living, you also amass assets and liabilities along the […]
Inflation decelerated in January faster than economists were expecting, although price increases still rose by the second-highest level since the start of monthly data releases four and a half years ago. Consumer Price Index figures released by the Australian Bureau of Statistics on Wednesday showed retail prices rising 7.4 per cent in the 12 months […]
Superannuation balances above $3 million will be taxed at a higher rate as the Albanese government hunts for opportunities to improve the budget bottom line. The changes won’t come in for another two years and will apply to about 80,000 people in a move forecast to generate billions in extra tax revenue. Starting from 2025/26, […]
MoneySmart (ASIC) Preparing for your family’s future No-one wants to think about death, but it’s important …
"Need-to-know" legal and commercial information to help you and your business prosper.
