Seven things I would tell my younger self about superannuation and investing
6 August
At 60, retirement no longer feels like a distant event. It is close enough to imagine the lifestyle I want, the experiences I hope to enjoy and the financial decisions that will shape the years ahead.
Looking back to when I first started work,...[Read More]
Treasurer moves to fix ‘widow’s tax’ after backlash
6 August
The government is moving to fix its so-called “widow’s tax” following criticism its tax reforms denied Australians who inherited an investment property from their partner access to negative gearing concessions.
The fix is part of a raft of the...[Read More]
Understanding the taxation of shares: Why your accountant matters
30 July
Investing in shares can be an effective way to build long-term wealth, but it also brings tax obligations that every investor should understand.
Whether you own a handful of shares or a diversified investment portfolio, keeping accurate records...[Read More]
Young investors bet the house on dialling up their risk
23 July
Lofty stock valuations and the biggest investment tax shake-up in decades don’t appear to be impacting the risk appetite of young Australians, according to investing platforms.
This cohort is increasingly turning to investing to save for their...[Read More]
How first-time homebuyers can save $8,500 in taxes
16 July
First-time homebuyers are missing out on thousands of dollars by not using a little-known scheme that helps save them money for the deposit.
The First Home Super Saver Scheme lets them take advantage of their superannuation account’s favourable...[Read More]
More tax cuts for workers would keep the budget in deficit beyond the next decade, the agency that assesses the nation’s finances warns.
The outlook for the federal budget has improved over the past year, despite economic headwinds from the Middle...[Read More]
Family affair: investor tax changes spawn new tactics
9 July
A 1950s red brick walk-up in southwest Brisbane is a window into how the federal budget is reshaping the property market.
Marketed as “the ultimate set-up for multi-generational living”, the three-unit apartment block in Oxley has bucked the...[Read More]
Tax cuts, pay rises and text message changes on the way
2 July
WHAT IS CHANGING ON JULY 1?
* About 2.7 million workers on award wages will get a 4.75 per cent pay bump, while workers on the minimum wage will get a six per cent pay rise, following a Fair Work Commission decision
* Workers will also receive super...[Read More]
Treasurer responds after budget attack by ex-RBA head
1 July
The treasurer has hit back at attacks to budget tax changes from a former Reserve Bank governor after the contentious laws passed parliament.
Ex-RBA governor Philip Lowe said changes limiting negative gearing and the capital gains tax discount would...[Read More]
Pledge to fix ‘widow’s tax’ on investment properties
1 July
Treasurer Jim Chalmers has promised to fix laws imposing a so-called “widow’s tax” on investment properties, without providing details on how he will close the loophole.
The issue, which relates to investors with jointly owned properties...[Read More]
Home owners told to ‘take a deep breath’ on tax reforms
25 June
Plunging auction clearance rates are not cause for concern, top government ministers are insisting, with one urging anxious home owners to “take a deep breath”.
An overhaul of negative gearing and capital gains tax is expected to pass federal...[Read More]
Labor identifies businesses to be exempt from new tax
25 June
A budget backlash has prompted Labor to announce new carve-outs for innovative firms from the capital gains tax, as well as a backdown on a minimum tax on testamentary trusts.
WHAT DID LABOR ANNOUNCE IN THE BUDGET?
* The existing 50 per cent...[Read More]
What Labor agreed to in order for tax change support
25 June
WHAT THE GOVERNMENT WANTS PASSED
* Laws stemming from the federal budget would limit negative gearing to new builds from July 2027, while scrapping a 50 per cent discount on the capital gains tax and replacing it with a minimum 30 per cent rate tied...[Read More]
Better but ‘not perfect’ tax reform wins expert support
18 June
Parliamentarians are being urged to pass laws limiting tax breaks for property investors and not “let the perfect be the enemy of the good”.
Looming tax reforms would help make the tax system more equitable, independent economist Saul Eslake...[Read More]
CGT share changes will ease home prices, treasurer says
18 June
Controversial tax changes for shares and businesses will prevent more money from being funnelled into existing homes, Treasurer Jim Chalmers claims.
Businesses have been relatively receptive to Labor’s decision to wind back tax breaks for property...[Read More]
