Central bank digital currency ‘hotting up’

Marion Rae (Australian Associated Press)   Momentum on central bank digital currencies (CBDCs) is building but everyday Australians are unlikely to see a “kanga coin” just yet. “Enough countries will go down that route and we’ll end up there,” Reserve Bank of Australia assistant governor of financial systems Michele Bullock said on Wednesday. Work by […]

How investment income is taxed

Moneysmart (ASIC)   You need to include investment income in your tax return. This includes what you earn in: interest dividends rent managed funds distributions capital gains from property, shares and cryptocurrencies You pay tax on investment income at your marginal tax rate. Use our income tax calculator Use our income tax calculator to find […]

6 questions to ask a Financial Adviser

Clarity (OnePath)   Take control of choosing your life insurance Before you get life insurance, talk through these 6 questions with your financial adviser. That way you’ll have a clear picture of what you’re buying. 1. What types of cover do I need? Deciding what you need to be covered for is important. You can […]

Get retirement ready, no matter your age

Money and Life (Financial Planning Association of Australia)   Whether you’ve just started out in the workforce, or you’re getting ready to call it a day, it’s always a good time to start planning for life after work. Here’s our decade by decade guide to getting your superannuation into shape, so you can enjoy a […]

RBA to stay patient before cash rate hike

Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press)   The Reserve Bank of Australia has left the cash rate at 0.1 per cent after its monthly board meeting, and has indicated a rate hike is still some time away, defying the expectations of financial markets. However, there was a slight change of wording […]

buying property

Aust billionaires double wealth amid COVID

While millions of Australians struggle to make ends meet during the COVID-19 pandemic, the nation’s billionaires have pocketed $205 million a day. Anti-poverty charity Oxfam has run the numbers and found Australia’s 47 billionaires doubled their collective net worth to $255 billion over the first two years of the crisis. Those men and women, who […]

Cryptocurrency as an investment

(ATO)   Cryptocurrency as an investment If you acquire cryptocurrency as an investment, you may have to pay tax on any capital gain you make on disposal of the cryptocurrency. You will make a capital gain if the capital proceeds from the disposal of the cryptocurrency are more than its cost base. Even if the […]

Here’s why you need to consolidate your super in 2022

Money and Life (Financial Planning Association of Australia)   New super rules introduced November 2021 mean employees are now ‘stapled’ to their existing superannuation fund, unless they choose otherwise. That’s why it’s more important than ever to consolidate your super and take control of your retirement savings. Here’s what you need to know about the […]

The superannuation health check

Money and Life (Financial Planning Association of Australia) Does your super deserve a clean bill of health? Managing your super might seem tricky, but it doesn’t need to be. With a few simple tweaks, you can put the basics in place to last you a lifetime. Here’s how to do a quick and easy health-check […]

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