D3s1gnBuG@GCR2020

Of the nearly 97,000 complaints lodged with AFCA in the past 12 months, less than 5% were related to investments and advice and just under 2% were about life insurance.

A statement from the authority says consumers in dispute with financial firms lodged a record 96,987 complaints, an “unprecedented” rise of 34% on the previous financial year.

Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.

UPDATED: This budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.

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.

check out the top 50 most Delicious Cuisines in the World

See what it means to persist in the face of market volatility.

Giving Australians better access to high-quality and more affordable financial advice is imperative.

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.

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.

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.