The Australian Taxation Office (ATO) says high-income earners make $200,000 or more a year. For them, managing taxes well can help grow their wealth. In fact, those earning over $550,000 might save thousands by using smart deductions and planning. This article looks at five top tax strategies for high-income earners in Australia. These include making … Read more
Did you know 92% of Aussies applying for an urgent payment from Centrelink get turned down the first time? This shows how important it is to know how Centrelink’s urgent payment system works. If you’re facing a sudden financial crisis or a medical emergency, knowing what to say can help you get the urgent help … Read more
The Albanese government has made a big move to help the Australian Defence Force (ADF). They’re spending $600 million to make the military more attractive to join and stay. The goal is to increase the ADF’s size to 69,000 by 2030 and 100,000 by 2040. But will a $40,000 bonus really make a difference? Major … Read more
As an Aussie mum of two, I’ve felt the squeeze of rising costs. Energy bills and grocery prices keep going up. It feels like every dollar is stretched too thin. But, in tough times, the South Australian government is stepping in. They’re helping families like mine with much-needed support. Major Highlights South Australian Government Support … Read more
Services Australia is making a big change to its medical certificate policy for Centrelink payments. This change will start on January 1, 2025. The most important part is that people unable to work due to illness or injury can now get up to 24 months of exemption. This change will affect many income support programs. … Read more
This festive season, 16,000 early childhood educators across Australia will get a big pay boost. This is thanks to a new deal with Goodstart Early Learning, the biggest early education provider in the country. The deal, backed by the Albanese Government, will give a 10% wage increase in December 2023. Then, there will be an … Read more
Discover a brilliant $27 hack to save $10,000 in just one year. This proven money-saving strategy helps Aussies build their savings without drastically changing their lifestyle
The Australian government has slashed $3 billion from HECS-HELP loans. This move affects over three million Aussies. The ATO is now crediting individual accounts, cutting the average $27,000 HECS debt by about $1,200. This change aims to ease the financial burden on former students and current debt holders. It’s a welcome relief for many Australians … Read more
In 2022, over 1 in 6 Aussie homebuyers got a first home buyer grant. This support added up to more than $1 billion for the property market. Each state and territory (except the ACT) offers these grants to help first-time buyers. Queensland gave a $30,000 boost, while New South Wales and Victoria offered $10,000. These … Read more
Did you know over 5 million Aussies get Centrelink payments each year? That’s one in five Australians! If you’re one of them, you might get a Centrelink advance. This can give you a financial boost when you need it. A Centrelink advance lets you get a lump sum early from your future payments. You then … Read more