As the old saying goes, there are only two things certain in life: death and taxes.
The most recent Intergenerational Report for instance, projected that the number of Australians aged 65 and over would more than double by 2055, compared with 2015.
Australians owe a total of $45 billion in credit card debt, and about half of us continue to make low repayments and remain in debt month after month.
Your contributions can be made in two ways – by cash or an asset (known in the trade as ‘in specie’ contribution).
It makes the world go around, but money can be the source of serious problems among couples, in some cases leading to total relationship breakdowns.
In times like these, it is important to understand the causes of market movements and how to minimise your risk.
Many retirees are now less confident about this source of support, as a growing number of baby boomers are retiring and the number of working people to support them is not keeping pace.
The manufacturing PMI survey – a useful gauge of activity levels in the sector – came in below the 50 level; indicating challenging conditions.
The tax office now have the best computer system that they’ve ever had, and they’re putting it to use on the Australian public.