When the Reserve Bank of Australia (RBA) board voted unanimously to lift the cash rate to 3.85% in February, the decision was driven by one overriding concern. It wants to stop the rising cost of living from becoming entrenched. For some, like self-funded retirees, the rate rise was good news. Higher interest means their savings … Read more
Tax Office data shows fewer people used its super scheme in 2024-25 Introduced in 2018, the home downsizer scheme allows eligible Australians aged 55 and older to contribute up to $300,000 from the sale of their home into superannuation, outside of normal annual contribution caps. The idea was simple: improve retirement incomes while freeing up … Read more
How investors are being duped by unscrupulous operators In late December the Australian Securities & Investments Commission issued a warning to investors on so-called ‘pump and dump’ operators – unscrupulous actors who start rumours about small cap securities to inflate the share price in the hope of making a quick profit. ASIC noted there had … Read more
