At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer […]
Category: Retirement Planning
RBA Interest Rate Announcement 6th August 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. The central forecasts set out in the latest SMP are for inflation to return to the target range of 2–3 per cent late […]
Quarterly economic update: April – June 2024
The economy continues to slow, with inflation remaining sticky, the new federal budget making waves, and global events that may have a significant impact. Despite investment returns for the financial year were very strong. Financial year 2023/24 2023-24 provided another year of strong returns for investors as shares were boosted by falling inflation, central banks […]
RBA Interest Rate Announcement 18th June 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer […]
Preparing for 30 June – Super Reminder 2024
With the end of the financial year fast approaching, we’d like to remind you about some potential opportunities for super contributions. There are a number of strategies that may be of benefit in the lead up to 30 June: Personal deductible contributions: those looking to reduce their taxable income can consider a contribution to super […]
2024 Federal Budget
On Tuesday night, the Federal Government handed down an updated 2024-2025 Australian Federal Budget. This budget focused on cost of living pressures, with a number of announcements across energy bills, student debt, medicines, Social Security & Aged Care, and Business taxation. Please note that these proposals are not yet legislated, and as always, the team […]
RBA Interest Rate Announcement 7th May 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Recent information indicates that inflation continues to moderate, but is declining more slowly than expected. The persistence of services inflation is a key […]
Quarterly economic update: Jan – Mar 2024
Share markets at home and abroad pushed to record highs in the first quarter of 2024, with the technology sector in particular driving this, with the prospects of Artificial Intelligence (AI) outweighing concerns over slower global economic activity. Economic data in the US was mixed, with low unemployment and the prospects of interest rate cuts […]
Superannuation for the suddenly single
Found yourself separated and suddenly single later in life? Life often has different plans for us than we may have imagined. Life after divorce (or separation) might bring with it a whole range of new things, including the need to rediscover yourself, dipping your toe back in the dating pool, and revisiting your plans for […]
Superannuation and tax thresholds 2024/25
Each year a number of superannuation thresholds are changed to reflect movements in full-time Average Weekly Ordinary Time Earnings (AWOTE). Please click here for our guide to useful rates and thresholds applicable for the 2024/25 financial year. Notable changes this July include: Increase to the Super Guarantee contribution rate to 11.5% Increase of the Concessional […]
Creating a life supported by investment income
Imagine that, without any effort on your part, enough money regularly pours into your bank account to meet (or exceed) all your living expenses. Suddenly, work becomes optional and a world of opportunities opens up. That’s the ultimate in passive income – all your financial needs met without lifting a finger. The fast way to […]
RBA Interest Rate Announcement 19th March 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Wages growth picked up a little further in the December quarter, but appears to have peaked with indications it will moderate over the […]
RBA Interest Rate Announcement 6th February 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation continued to ease in the December quarter. Despite this progress, inflation remains high at 4.1 per cent. While there are encouraging signs, […]
Investing your super for growth: before and during retirement
We all tend to understand that our retirement income is largely determined by what we contribute, and the earnings on our investments. What might surprise you though, is the extent to which investment returns – even just a small extra rate of return – can change things over time. According to research adapted for Australia […]
Quarterly economic update: Oct – Dec 2023
Strong gains for share markets around the globe through December saw the close to a turbulent, but financially rewarding year. International shares in particular benefitted from stronger than feared growth, an expectation of easing interest rates, and a booming tech sector (based on AI). Locally, inflation continues to bite With a new Governor at the […]