When will you be ready to retire? There are two important ages you need to consider when thinking about retirement – preservation age when you are eligible to start drawing on your super and Age Pension age when you are eligible to receive the Age Pension. Age Pension age This is the age you qualify...
In the ATO’s sights this Tax Time The ATO has announced its three key focus areas for this Tax Time: rental property deductions; work-related expenses; and capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing to prioritise areas where they often see mistakes being made: “Within these areas, we have identified...
Key points The budget this year is expected to return to a surplus of $4b thanks to a continuing revenue Key measures include cost of living support, more spending on aged care and a move to slow NDIS Implications for inflation and hence the RBA are Despite savings measures structural budget deficits remain in the...