Category: Personal Finance
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All About Paid Parental Leave
As financial planners, much of our time is spent happily helping people plan for retirement. But one of the things we really love doing is helping people plan for other important and special times of their lives. Becoming a parent is one such time. This month, there was a significant change to the way in…
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What’s Changing in the New Financial Year?
New financial year, new financial rules. Here are some of the Government changes that took effect on 1 July. We will look more closely at these and other changes in the weeks and months ahead. Superannuation Guarantee Charge Increase Employers must now pay super contributions worth at least 11% of ordinary time earnings to all…
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RBA’s Inflation Struggle: The ‘Feet in the Oven, Head in the Freezer’ Problem
If your feet are in an oven and your head is in the freezer, on average you probably feel quite comfortable. That’s the problem with averages. And it is a problem worth remembering when it comes to the task ahead of the RBA as they try to bring inflation down. The RBA targets the Consumer…
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The Cheque’s (No Longer) In the Mail
If you like writing or receiving cheques, your days might be numbered. Last week, Treasurer Jim Chalmers announced a plan to phase out the use of personal cheques by 2030. To be honest, it is amazing cheques have lasted this long. In Australia, the use of cheques is governed by, among other laws, the Cheques Act…