Fears of a resurgence in inflation has been the big topic of conversation among bond and share market commentators lately, which may come as a surprise to many given that our rate of inflation is just 1.1 per cent. Yet despite market rumblings, the Reserve Bank of Australia (RBA) appears quite comfortable about the outlook.
As the new financial year gets underway, there are some big changes to superannuation that could add up to a welcome lift in your retirement savings. Here’s a summary of the changes starting from 1 July 2021.
For many people, the idea of managing and investing your own retirement savings is very appealing.
But there is debate over whether running your own self-managed super fund (SMSF) is cost effective. So, what are the arguments for and against having your own fund?
As the Australian Taxation Office (ATO) turns its attention to businesses and individuals who have used COVID-related support programs, many taxpayers are likely to find themselves on the tax man’s radar. There are a number of red flags that can spark the ATO’s interest in your business or personal tax affairs.