Cuts to deeming rate gives one quarter of Australia’s pensioners an extra $804

Posted on by
Pension bonus: Almost a million pensioners set to receive over $800 extra per year Almost a million Australians will be up to $804 better off after the federal government’s decision to cut deeming rates. Deeming rates are the rate of return that financial investments, owned by pensioners, are ‘assumed’ by the government to earn, and
Read more
Posted in ,

Labor accused of ‘milking’ self-funded retirees with franking credits policy

Posted on by
Labor government ‘milking’ self-funded retirees from proposed franking credits policy Labor’s franking credits policy continues to come under fire as hundreds of thousands of Australians learn more about how the proposed policy will impact their retirement nest egg. Labor government’s policy to abolish franking credit refunds for everyone but age pensioners has been described as
Read more
Posted in ,

Protect yourself against phone scams from fake ‘Telstra technicians’

Posted on by
Protect yourself against the latest phone scam from fake ‘Telstra technicians’ With the world becoming more ‘digitised’, we now find ourselves exposed to sharp increases in online fraud, phone scams and data breach hacks. We’re also seeing more creative techniques attempted by scammers to targeting individuals that are are not tech savvy. Gone are the
Read more
Posted in , ,

Over-65s dodge Downsizing Rules contributions using investment property

Posted on by
Over-65s dodge Downsizing Rules contributions using investment property July 2018 marks the start of the downsizing rules that may help you sidestep the ever-shrinking superannuation contribution caps. But in what will come as a surprise to many, investment property may be eligible for the $300,000 downsizing superannuation contribution under certain circumstances. But beware: if you
Read more
Posted in ,

Investment, dating, crypto scams rip off millions

Posted on by
Investment, dating, crypto scams rip off millions Australians continue to lose money to dodgy schemes. Men are more likely to fall for investment scams while women are more likely to fall for dating scams. That’s according to the latest Targeting scams report from the Australian Competition and Consumer Commission (ACCC). The report found internet and
Read more
Posted in ,

Retirement in Australia is unrealisable for most workers: Satyajit Das

Posted on by
Retirement in Australia is unrealisable for most workers: Satyajit Das Australians make up barely 0.3 per cent of the globe’s population and yet hold $2.1 trillion in pension savings – the world’s fourth-largest such pool. Those assets are viewed as a measure of the country’s wealth and economic resilience, and seem to guarantee a high
Read more
Posted in