The idea of adding a granny flat to your property sounds like a great idea. A property to rent out to generate some welcome extra income, or a home for adult children or mum and dad in their later years. But there are important tax and personal considerations to...
The announcements in this update are proposals unless stated otherwise. These proposals need to successfully pass through Parliament before becoming law and may be subject to change during this process. What you need to know The Budget is forecast to result in a...
With many people now working from home because of COVID-19, some of the expenses your employer normally pays – such as electricity, heating and cooling – are now coming out of your wallet. Although some employers may provide a daily allowance to help with these...
If you are in your 40s and feeling like your financial fitness could do with an overhaul, then make 2020 the year to do it! These days your 40s is mid-life, given the average age expectancy for men is 84.7 years and for women it is 87.3 years1. Rather than have a...
Residents These rates apply to individuals who are Australian residents for tax purposes. Resident tax rates 2019–20 Taxable incomeTax on this income0 – $18,200Nil$18,201 – $37,00019c for each $1 over $18,200$37,001 – $90,000$3,572 plus 32.5c for each $1 over...
Risk assets rose Global shares were up 2.3% and were down -0.9% in hedged and unhedged terms, respectively. Emerging markets enjoyed strong relative performance (up 3.4%).Domestically, Australian shares underperformed international markets falling -2.2% during...
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