Category: Superannuation

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. Last month, the Board increased interest rates by 25 basis points, following a period of four months where it had held interest rates […]

At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent. Inflation in Australia has passed its peak but is still too high and is proving […]

Key tax & lodgement dates for the October to December quarter 2023 21 October July – September 2023 quarterly PAYG installment activity statement due for lodgement and payment. Only need to lodge if varying the amount. September 2023 monthly activity statements – final date for lodgement and payment. 28 October July – September 2023 quarterly […]

Australia’s annual inflation rate has taken an unexpected step up, increasing pressure on the Reserve Bank to push interest rates higher and once again raising the prospect that Australia will fall into recession sometime over the next few months. The annual inflation rate for the year to August reached 5.2 per cent, up from 4.9 […]

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more […]

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Inflation in Australia has passed its peak and the monthly CPI indicator for July showed a further decline. The Australian economy is experiencing […]

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more […]

The Australian economy appears to be teetering on the edge of a recession, with almost as many indicators suggesting a dramatic fall in economic activity as indicators suggesting continued strong growth. The key issue continues to be inflation. The latest Consumer Price Index (CPI) figures provided some hope, showing inflation fell from 6.8 per cent […]

At its meeting today, the Board decided to hold the cash rate target steady at 4.10 per cent. It also left the interest rate on Exchange Settlement balances unchanged at 4.00 per cent. The current higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will […]

Key tax & lodgement dates for the July to September quarter 2023 14 July Single Touch Payroll (STP) finalisation due Payers must issue PAYG withholding payment summaries to payees (that is, employees and other workers) for payments not reported through STP 21 July June 2023 quarterly PAYG instalment activity statement due for lodgment and payment. […]

In recent times, we have witnessed a significant shift in the financial landscape, marked by rising interest rates and an increase in the cost of living. In this article, we aim to provide you with effective strategies to navigate this changing environment and make the most of your hard-earned money. Review and Adjust Your Budget: […]

Recent research* reveals a concerning trend in retirement confidence. When it comes to retirement, the outlook is a little bleak. The research highlights Australians’ confidence in the quality of their life after work is ebbing away. We expect to have less saved More of us think we’ll have a financially difficult retirement We’re less confident […]

The whole point of superannuation is to help Australian workers build the savings we need to look after ourselves in retirement. But one of the most commonly asked questions new clients ask our financial planners is “How am I tracking?” Well the answer really depends on your retirement goals. According to the latest “retirees costs […]

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.00 per cent. Inflation in Australia has passed its peak, but at 7 per cent is still too […]

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent. Inflation in Australia has passed its peak, but at 7 per cent is still too high […]