My Finance Blog

If you’re like most Australians, you’re busy paying the bills and saving for retirement, as well as accessing services like healthcare, education, child care and aged care. So how will the budget change the way you live and work on a practical day-to-day level?  ..

The end of the financial year always seems to crop up faster than it should. Understanding what you could do before and after 30 June 2014 can provide the icing on the cake for employees, investors and those in small business. Such things as bringing forward tax deductions or delaying the receipt of income within the rules can mean less tax this year. When it comes to superannuation, make sure you maximise the tax deduction this year or salary sacrifice the right amount so you get the best possible outcome and don't end up with tax penalties. ..

As a result of recent proposals in the Australian Federal Budget, many Australians will not be able to receive the age pension until age 70! So it's important that we start to plan ahead, and we have to act now so we can decide when we want to retire and not when the government wants us to retire. ..