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Pensions to rise as deeming rates fall

It’s been a long time coming, but up to 630,000 retirees could soon enjoy a small but welcome increase in their Age Pension payments following a cut in deeming rates used for the pension income test. Under the Age Pension income test, you are ‘deemed’ to earn a...

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How super is your life insurance?

For most people, life insurance provides a safety net against unexpected events. This is particularly the case if you have a mortgage, debts or family who are dependent on you earning an income. In many cases, life insurance has been automatically offered through...

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Market Snapshot: August 2019

In summary August was a turbulent month for global financial markets. The concerns that emerged at the end of July about the trade dispute between the US and China, and about how much the Fed might cut rates, all spilled over into August. Fears of global recession...

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Positives and negatives of gearing

Negatively gearing an investment property is viewed by many Australians as a tax effective way to get ahead. According to Treasury, more than 1.9 million people earned rental income in 2012-13 and of those about 1.3 million reported a net rental loss. So it was no...

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Managing your side gig

Whether it’s to pursue a passion or to make a little extra money, more Australians than ever now have a side gig. But while freelancing, moonlighting and pursuing passion projects can be a great way to add value to your life, they can sometimes complicate how you go...

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Tax Alert: September 2019

The landscape of Australia’s personal income tax system has changed significantly following the passage of the Government’s tax legislation through Parliament. Here’s a roundup of some of the other recent developments in the world of tax.   Tax reform legislation...

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