Over 940,000 Australians on Centrelink payments are getting a financial boost. The government has announced a 6% increase in pension rates. They’re also giving a one-time $600 cash bonus. This bonus is great news for retirees struggling with rising costs. Single pensioners will now get $1,116.30 fortnightly. Couples will receive a combined $1,682.80 every two … Read more
The Australian government is giving out $3.5 billion to help with living costs. Over 10 million households and one million small businesses have got $300 each started July 1. But, a clever trick lets some Aussies get more than one rebate if they’re on bills for different homes. The rebate will be split into $75 … Read more
Woolworths supermarkets in Australia have become a hotspot for finding rare $2 coins. These coins, featuring errors from the Olympic and Paralympic games, are being found by shoppers. They could be worth up to $3,000 each at auction. The reason for this excitement? A unique “bullseye” error. This mistake shows the coloured design on the … Read more
Did you know you’ve been paying billions in illegal fees for government services? This has been happening for over 20 years. Fees were added to services like passport renewals and tax bills when you used debit cards. The problem started under the John Howard government. It was first found in New South Wales, where $144 … Read more
Imagine Aussies could get an extra $150,000 in cash. This is the amount many miss out on because of not using Capital Gains Tax (CGT) concessions well. They also don’t plan their taxes strategically. This could mean the difference between a big win and a big loss. Investors need to watch their CGT closely, on … Read more
The ATO warns Australians about scammers exploiting the upcoming myGovID change. Learn how to protect yourself and prepare for the new digital identity system transition
A shocking statistic has rocked the Australian student loan scene. Labor’s plan to cut 20% off HECS debts is sparking anger among those who’ve already paid off their loans. This move aims to make higher education cheaper and more accessible. Yet, it’s leaving many feeling left out and upset. Dan, a recent graduate, is among … Read more
Millions of eligible Australians to receive Centrelink payments before Christmas as the government rolls out cost-of-living support during the festive season
Australians are feeling the pinch this holiday season. A recent survey shows many workers are taking on extra shifts to afford Christmas. The Centre for Future Work’s report, Go Home on Time Day (GHOTD), reveals Aussies work 6.1 hours of unpaid overtime weekly. This is up from 5.3 hours in 2020. This means Aussies work … Read more
The Australian government has decided to keep the $2,650 Centrelink benefit for 2024. This payment is tax-free and aims to help those facing financial struggles. It’s for seniors, pensioners, carers, and people with disabilities across the country. The Centrelink payment of $2,650 is set for September 2024. Most people will get their money between September … Read more