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Home Loans

What impact will stage 3 tax cuts have on your borrowing capacity?

For anyone looking to secure a home loan, the stage 3 tax cuts - and the subsequent increase to your take home pay - could mean your borrowing capacity, gets a bump too.

Eden Radford

Eden Radford -

22 Apr, 2024 -

4 min read

Home Loans

Offset accounts, the great hack?

Australians love a good life hack and offset accounts are no exception, but as with all good hacks, it’s worth double checking the details to make sure there's no catch.

Eden Radford

Eden Radford -

06 Mar, 2024 -

4 min read

Home Loans

Cash rate on hold: how to keep your budget in the black until rate cuts eventuate

The RBA has kept the cash rate on hold for the third consecutive meeting, as Australia’s monetary policy settings work to rein in inflation.

Eden Radford

Eden Radford -

19 Mar, 2024 -

5 min read

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Term Deposits

How far can your savings take you? Some of the top-rated term deposits in February 2024

Has your term deposit been effectively losing you money in the past? With Australia’s inflation falling faster than expected, it may be getting easier to find term deposits that can keep your money from going backwards. But it’s important to compare the available options and choose a term deposit that will suit your needs and help you reach your savings goals.

Mark Bristow

Mark Bristow -

12 Feb, 2024 -

3 min read

Term Deposits

Maximise your savings: top terms deposits for May 2023

Now may be an opportune time to compare a range of term deposit accounts and the different options that are available.

Peter Terlato

Peter Terlato -

12 May, 2023 -

3 min read

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Credit Cards

Credit card debt creeps up as Australians pare back December spending

Australia’s total credit card bill attracting interest charges crept up in the month of December, hitting a total of $17.31 billion, an increase of almost $21 million.

Eden Radford

Eden Radford -

07 Feb, 2024 -

4 min read

Credit Cards

Australians continue to keep a lid on debt despite 12 RBA hikes

Australia’s total credit card debt has dropped for the third month in a row, this time by $88.1 million.

Eden Radford

Eden Radford -

09 Oct, 2023 -

3 min read

Credit Cards

CBA increases interest rate on select credit cards

CBA, Australia’s largest bank, has increased the interest rate on a range of credit cards by up to 1.25 percentage points.

Eden Radford

Eden Radford -

01 Nov, 2023 -

5 min read

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Car Insurance

Are you paying an insurance loyalty tax?

ASIC commenced civil penalty proceedings in the Federal Court last week, claiming some insurers used an algorithm to determine whether or not a customer might renew their policy at different premium levels.

Peter Terlato

Peter Terlato -

05 Sep, 2023 -

4 min read

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Savings Accounts

Get your taxes right, or else: ATO

The Australian Taxation Office has warned it will use data analysis to catch out people who file incorrect claims for work-related expenses at tax time.

Nick Bendel

Nick Bendel -

22 Jun, 2017 -

3 min read

Savings Accounts

Tax time: How to secure an extension and get COVID-19 help

The deadline for people preparing their own taxes is October 31, but there’s plenty of options available if you haven’t had the chance to take care of the paperwork.

Tony Ibrahim

Tony Ibrahim -

30 Oct, 2020 -

4 min read

Savings Accounts

Today is the last day taxpayers can lodge their own tax return

The Australian Taxation Office (ATO) is reminding Australians that today, 31 October, is the last day for taxpayers to lodge their own tax return, or they will potentially cop a large fine.

Alex Ritchie

Alex Ritchie -

31 Oct, 2017 -

2 min read

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Superannuation

Are retiring Boomers paying too much super tax?

More and more Australians are approaching retirement age, when it’s time to start accessing their superannuation savings. But many of these older Australians could be paying too much tax on their super investment earnings, which could be fixed by making one change.

Mark Bristow

Mark Bristow -

24 Aug, 2023 -

3 min read

Superannuation

The Super Guarantee is rising to 11%: What this means for your salary and retirement

Employees don’t need to do anything with regards to the increase in super contributions. Your employer has the responsibility of making the necessary adjustments. However, it's sensible to regularly review your super payments.

Peter Terlato

Peter Terlato -

30 Jun, 2023 -

5 min read

Superannuation

Richest and poorest suburbs and the gender pay gap: the divide between Australians revealed

New data from the ATO has highlighted where Australians are still seeing a financial divide, including the highest-earning and lowest-earning postcodes (most in NSW), and the gender gap for pay and super.

Alex Ritchie

Alex Ritchie -

09 Aug, 2022 -

4 min read

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Car Loans

Could removing taxes on new cars make our roads safer?

The Australian Automobile Association (AAA) has welcomed a proposed removal of tariffs on safer new vehicles, as expressed by Deputy Prime Minister and Minister for Infrastructure and Transport, Barnaby Joyce.

Alex Ritchie

Alex Ritchie -

05 Jan, 2018 -

3 min read

Car Loans

State Governments plan electric vehicle road tax

Two major states are working on introducing a tax on electric and other zero emission vehicles to subsidise road infrastructure, but industry groups warn it might affect the uptake of the nascent ‘green’ category.

Tony Ibrahim

Tony Ibrahim -

13 Nov, 2020 -

5 min read

Car Loans

Federal Government commits to increased funding to electric vehicle infrastructure

Australians considering making the move to purchasing an electric vehicle have been provided with even more support, with the Morrison Government revealing a significant financial boost to its investment in charging infrastructure.

Alex Ritchie

Alex Ritchie -

09 Nov, 2021 -

5 min read

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Bank Accounts

SA scraps bank tax

South Australia��_s proposed bank tax has been shelved by the state government, before the bill could be knocked back in the state's upper house for a second time.

Mark Bristow

Mark Bristow -

16 Nov, 2017 -

2 min read

Bank Accounts

Scammers kickstart the year by pretending to be ATO

It’s too early for tax time, but criminals aren’t going to let that stop them, as scammers take to SMS to convince you they’re from the tax office.

Nick Bendel

Nick Bendel -

10 Feb, 2019 -

2 min read

Bank Accounts

How Aussies are spending their tax refund

Frivolous tax refund spending is the last thing on the mind for a majority of Aussies, according to the recent ME Tax Back Survey.

Alex Ritchie

Alex Ritchie -

18 Jul, 2018 -

3 min read

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Health Insurance

Understanding private health insurance rebates

Private health insurance rebates relieve Australians from the full cost of their premiums by covering part of the premium costs. So what do the health insurance premium changes look like for you?

Kate Wick -

19 Sep, 2014 -

2 min read

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Home Insurance

Extreme weather insurance costs set to triple by 2050: are you prepared?

Australians are resilient but the inflating cost of insurance premiums, as a result of extreme weather, will test our resolve over the course of the next few decades. Consider other economic factors, such as rising interest rates plus inflation, and the forecast is quite bleak. Discover what you can do to combat the doom and gloom.

Peter Terlato

Peter Terlato -

21 Nov, 2023 -

4 min read

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Investment Funds

Government unveils tax incentive to build more affordable housing

The federal government has released draft legislation to implement its ��_comprehensive housing affordability plan for Australians��_.

Nick Bendel

Nick Bendel -

15 Sep, 2017 -

2 min read

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Credit Score

How can young people start building their credit history?

Just as a journey of a thousand miles begins with a single step, an excellent credit score can begin when you’re young. Your track record of managing money can have long-lasting repercussions later in life, making it important for young Australians to start building positive credit habits as soon as they are able.

Mark Bristow

Mark Bristow -

20 Jun, 2023 -

5 min read

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