Finance News
The Budget delivered by Treasurer Scott Morrison has clearly tried to hit the ‘reset button’ from the unpopular and disastrous Budgets of 2014-15 and 2015-16. Gone are the stalled Budget measures from those past Budgets, replaced by concern over the weak wages growth and struggle that everyday families experience. The big concern for me is…
Read the rest of the entry »How the assets test will work in 2017 could increase your Age Pension entitlements, or take some or all of them away. With revisions to the Age Pension assets test just around the corner, it’s important to understand how the changes could impact you, particularly with part-pension thresholds somewhat tighter than initially projected. These thresholds…
Read the rest of the entry »Record low rates don’t seem to have helped mortgage holders from feeling the pinch, as the number of Australians behind on their mortgage payments has hit its highest level in three years. A new report from credit ratings agency Moody’s shows the proportion of borrowers more than 30 days behind on their mortgage payments hit…
Read the rest of the entry »3AW Drive’s finance expert Scott Haywood has shared his last minute tax tips and predictions for the next financial year. He cautioned against rushing out and buying items to get a tax deduction. Click here to go to the 3aw Page to hear my regular segment
Read the rest of the entry »It is approaching June 30 again, and you may be looking for some last minute ideas on reducing your taxable income. With for some of you only one pay left this financial year it could be worth salary sacrificing your whole pay with a view of topping up towards your age based cap. Give us…
Read the rest of the entry »The sustained rise in power bills over the past several years has prompted a surge in the number of households who want to “do-it-yourself” by unplugging from the power grid – which may result in further declines in carbon emissions. As many as 90 per cent of households are looking to renewable energy alternatives such as solar panels and also battery storage or smart…
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I was taught at university in the early 90s that the only constant in the world is change. And last Monday the change of Prime Minister was swift and in my opinion the right thing to do for the good of the nation. However the two questions we now have are: 1) Is Turnbull looking…
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I was a very grateful guest last Thursday to discuss with representatives from Treasury and CEDA (Committee for Economic Development of Australia) my thoughts on retirement and where the average Australian is at with superannuation. In my opinion I have some very simple ideas which I told Treasury and that massive reform that needs to…
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