Last week the reserve bank made a decision to reduce the official short term interest rate from 1% down to 0.75%. Changes to interest rates are intended to stimulate the economy when growth is too low and unemployment is too high or cause it to contract when inflation is too high. Low interest rates are …
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Australian Federal politicians currently receive a minimum salary of $211,000 before tax. That’s $5,334 per fortnight net of tax. It is significantly more than the average wage which is more than double the average full-time salary. Despite this generous remuneration there have been multiple instances of politicians complaining about their difficulty in surviving on this …
The answer depends on 4 things: The number of years remaining until your desired retirement age. Your desired retirement income. The amount of contributions you will make going forward. The rate of return you achieve. According to the Association of Superannuation Funds of Australia (ASFA) the median male super fund member aged 40-44 has $99,959. …
Continue reading “How much Superannuation should I have at age 40?”
The answer depends on 4 things: The number of years remaining until your desired retirement age. Your desired retirement income. The amount of contributions you will make going forward. The rate of return you achieve. According to the Association of Superannuation Funds of Australia (ASFA) the median male super fund member aged 50-54 has $172,126. …
Continue reading “How much Superannuation should I have at age 50?”
Australian Federal politicians currently receive a minimum salary of $211,000 before tax. That’s $5,334 per fortnight net of tax. It is significantly more than the average wage and more than double the average full-time salary. Despite this generous remuneration there have been multiple instances of politicians complaining about their difficulty in surviving on this wage: …
Continue reading “Planning for retirement and need to start thinking about budgeting?”
Australian Federal politicians currently receive a minimum salary of $211,000 before tax. That’s $5,334 per fortnight net of tax. It is significantly more than the average wage and more than double the average full-time salary. Despite this generous remuneration there have been multiple instances of politicians complaining about their difficulty in surviving on this wage: …
Continue reading “Now retired and need to start living on a budget?”
Written and accurate as at: 12 Jul 2019 With the ushering in of a new financial year, certain rates and thresholds have increased, and several legislative instruments have taken effect. These may impact your personal finances moving forward. Given this, in this article we will focus on the state of play from 1 July 2019. …
Continue reading “1 July 2019: What does the New financial year mean for high income professionals?”
Written and accurate as at: 12 Jul 2019 With the ushering in of a new financial year, certain rates and thresholds have increased, and several legislative instruments have taken effect. These may impact your personal finances moving forward. Given this, in this article we will focus on the state of play from 1 July 2019. …
Continue reading “1 July 2019: What does the New financial year mean for Retirees?”
Written and accurate as at: 12 Jul 2019 With the ushering in of a new financial year, certain rates and thresholds have increased, and several legislative instruments have taken effect. These may impact your personal finances moving forward. Given this, in this article we will focus on the state of play from 1 July 2019. …
Australia Annual CPI 1.3% Annual GDP Growth 2.3% Quarterly GDP Growth 0.3% Unemployment rate 5.1% GDP Growth and inflation have both fallen since the start of this year. The main cause is a slowdown in building activity due to the property market slump. Economists are calling for the RBA to reduce interest rates or the …