Did you know the Australian Taxation Office (ATO) is giving out a $1,000 super boost? This is part of the government’s plan to make retirement more secure for Aussies. It’s aimed at helping those with lower incomes grow their super. The ATO wants everyone who can get this to claim it. It’s a chance to … Read more
Queenie Tan, a 27-year-old Sydney mum, has put in $67,000 of her own money to start Billroo. This shows her deep commitment to solving a big problem in Australia. There’s a clear need for better tools to manage personal finances. Tan has a big following on social media, with over 220,000 people. She’s been sharing … Read more
Over 215,000 South Australian households can get up to $1,100 in cost-of-living relief. This is about a quarter of all households in the state. The support is for low and fixed-income families who are finding it hard to manage their expenses. The deadline to apply for the 2024-25 Cost of Living Concession is December 31, … Read more
The Australian government is under pressure to change the Disability Support Pension (DSP). A recent Senate inquiry was harshly criticized. Over 805,715 Aussies depend on the DSP, with a maximum rate of $1,047.10 a fortnight. This is less than the poverty line of $1,224.36. Disability and social services groups have spoken out against the government’s … Read more
Australia’s $4.1 trillion superannuation system is getting a big update. The Actuaries Institute suggests three big changes. These aim to make superannuation fairer, more sustainable, and simpler. The goal is to help Australians use their retirement funds for income. This matches the idea of superannuation to support retirement income, alongside the Age Pension. Major Highlights … Read more
The small town of Burra, 160km north of Adelaide, has welcomed a new multimillionaire. A local man from this quaint community of 1,100 has won the $50 million OzLotto jackpot. It’s the second-largest lottery win in South Australia this year. The lucky winner, who wishes to stay anonymous, bought the winning ticket at the Burra … Read more
Over 940,000 Aussies on Centrelink payments will soon see a big financial gain. The government plans to raise pension rates by 6% and give a one-time $600 cash bonus. These changes were started from 1 July 2024. Major highlights The Latest Centrelink Payment Changes The Australian government is making big changes to Centrelink payments in … Read more
As an Aussie homeowner, I’ve felt the sting of high electricity bills. It seems like every month, our budget takes a hit. But what if I told you there’s a way to lower those bills and get an extra $1,300? Commonwealth Bank (CBA) is offering a $1,300 saving on the Tesla Powerwall 3 solar battery. … Read more
Did you know over 280,000 Australian veterans and their families get benefits from the Department of Veterans’ Affairs (DVA)? It includes service pensions and disability compensation, helping veterans and their families thrive. Benefit Details Age Pension Eligibility Veterans qualify 5 years earlier than Centrelink Age Pension Pension Rates Single: $1,004.20 per fortnight Couples: $758.00 each … Read more
Get the latest on the $1,000 cost-of-living payment boost for eligible Australian workers. Learn about payment dates, eligibility criteria and how to access this financial support