We’ve all seen media reports about ordinary Australians losing their entire savings after responding to a phone, email or mail offer that was impossible to resist. While some people may be naïve, scammers are also getting smarter.
Being retrenched from your job can be hard to accept. It is the sudden shock that catches most people unaware but try not to take it personally. Redundancy is usually not about your personal performance; it’s the performance of your employer’s business, the industry sector in which you work, or even the global economy.
If you are an employee, there are two ways in which you can optimise the tax-effectiveness of your additional super contributions by salary sacrificing or personal contributions.
Retirement can be an exciting phase in your life but all the recent changes to superannuation bring with them lifestyle and financial issues you need to be aware of as you plan your retirement.
In times of great upheaval such as now, we believe it is important to understand the options open to you in relation to assistance from the government. Below we have outlined the recent stimulus measures announced by the government over the past fortnight.