Average ATO refund tumbles $430 compared to last July
Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.
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Penalty amnesty tempts 7,000 small businesses back into tax system
UPDATED: This budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.
More Australians are unlocking home equity to fund retirement
A growing number of Australians are downsizing their home to fund their retirement. Here's the latest data from the ATO on use of the downsizer measure.
The “secret” to financial freedom? Persist while others quit
See what it means to persist in the face of market volatility.
Australians need a retirement confidence boost
Giving Australians better access to high-quality and more affordable financial advice is imperative.
High interest and inflation can pay dividends for SMSFs
While much of investors’ attention is naturally aimed towards the impact on mortgage repayments, higher rates are opening massive opportunities for retirees in term deposits, bonds and lower-risk assets, says the director of a leading wealth management firm.
Five questions that indicate how financial literate you are.
Australia has a relatively high level of financial literacy when ranked globally. In
a study of 140 economies, Australia ranked in the top 10 countries for financial
literacy.
Tax alert warning could catch more in the ATO web
It’s not just SMSF trustees that may be caught under the tax alert issued last week in regards to property and arms’ length dealings, warns a specialist SMSF legal expert.
