FPD 2024 Federal Budget Update
15 May
On Tuesday, 14th May, 2024, the Treasurer, Jim Chalmers, released the Government's 2024-2025 Budget. The Budget looks to help with the easing cost of living pressures with measures including tax cuts and energy bill relief, strengthening Medicare,...[Read More]
New Superannuation Caps
29 February
The annual contribution caps will increase on 1st July, 2024. Concessional contribution caps will increase from $27,500 to $30,000 Non concessional contribution caps will increase from $110,000 to $120,000 This presents increased...[Read More]
Tax Cuts Passed
29 February
The Government's revised Stage 3 tax cuts have passed. Effective 1st July, 2024, there are changes to a number of thresholds and tax brackets. What does this mean for you? There is opportunity to make contributions to Superannuation and...[Read More]
Tackling inflation
30 November
We all understand the effects of inflation. We are seeing the increase in prices when we visit the supermarket or go out to dinner. But is inflation higher for some households? Inflation peaked at 8% last year, has averaged over 5% for the...[Read More]
Why is my investment not performing? Some context for lower returns.
30 November
You may have received your statement or looked at your superannuation balance online lately and be wondering? Why has it gone backwards? Why is my investment not performing as well as the benchmark? These are all very valid questions. ...[Read More]
Changes to Taxation – reduced refunds & some pensioners paying tax!
5 October
The Low to Middle Income Tax Offset (LMITO) expired on June 30, 2022. We have found a number of clients impacted by this as they are getting their tax returns completed and finding their tax refunds are much less. In addition, retirees may be...[Read More]
TED TALK: The 4 phases of retirement | Dr. Riley Moynes
28 January
Imagine squeezing all the juice out of retirement! When interviewed on his research, Dr. Riley Moynes commented, By interviewing hundreds of retirees, he has discovered a framework that can help make more sense of this challenging...[Read More]
Use these 3 tips to maintain a good credit score
16 May
Your credit score is a numerical indicator lenders use to determine how risk-free you are as a borrower. It is based on the details in your credit report, such as your borrowing history and whether you have made timely payments. People with low...[Read More]
Top 10 Essentials for Lifelong Health and Wellness
16 May
Creating a sustainable approach to health and well-being involves habits and practices that enhance physical, mental, and emotional health over the long term. Here’s a top 10 list to help maintain ongoing health and well-being: Balanced...[Read More]
Caravan lifestyle in Australia
16 May
A rising number of Australians are searching for alternative life experiences that provide them with a sense of independence from city life and a connection to nature. Caravan living can be for you if you’re looking for new experiences or wish...[Read More]
5 Tips for an amazing life after retirement
16 May
Have you ever thought about life after retirement? If you have, you most likely think about the best things in life: a happy family, good health and wealth. The only way to make this dream retirement a reality is to have the right retirement...[Read More]
Renovations to add value when flipping houses
16 May
If you’re investing in real estate for resale, you need to know what types of renovations to prioritise. This can help your property create some buzz in the market, with a price you can easily justify to serious buyers. Struggling with what...[Read More]
Oliver’s Insights – The economic impact of the 2024 Federal Budget
16 May
The 2024-25 Budget – another surplus, but bigger medium term deficits with more big spending, including on a “Future Made in Australia” Key points – The budget this year is expected to show a surplus of $9.3bn thanks to a...[Read More]
Treasurer absorbs warnings on budget fuelling inflation
16 May
While the federal government says its budget will lower inflation, analysts counter that broad cost-of-living relief, such as energy rebates and tax cuts, could make things worse. An expanded version of the energy-bill relief delivered in last...[Read More]
Investment markets and key developments – Weekly market update 10/05/24
16 May
Global shares mostly rose again over the last week, helped by ongoing confidence that major central banks are on track to cut rates this year and strong US earnings results. For the week US shares rose 1.9%, Eurozone shares rose 3.1% making a new...[Read More]
Workers’ wages grow 4.1 per cent, silver lining for RBA
16 May
Workers saw their wages outpace inflation during the first three months of 2024, but a lower-than-expected increase will encourage the Reserve Bank board as they mull their next interest rate move. Wages grew 4.1 per cent annually in the March...[Read More]
Aussies on ‘La Nina watch’ as dry turns into downpours
15 May
Australia has been put on “La Nina watch” as meteorologists point to a likely cooling Pacific Ocean, which could bring more rain to parts of the country. But the Bureau of Meteorology noted that despite the watch being in place, there was no...[Read More]
Cost-of-living relief and more homes in federal budget
15 May
FEDERAL BUDGET SUMMARY ECONOMY * Budget surplus of $9.3 billion in 2023/24 * Deficits of $28.3 billion in 2024/25, $42.8 billion in 2025/26, $26.7 billion in 2026/27 and $24.3 billion in 2027/28 * Commonwealth net debt rising to $552.5 billion...[Read More]
Charge an electric car for $5? Energy trial goes public
15 May
A program promising to fully charge an electric car at home for $5 has been opened to the public after two months of testing. Origin Energy announced the wider launch of its EV Power Up program on Tuesday after trialling the service with 200 drivers...[Read More]
Economists warn budget could ‘poke inflationary bear’
15 May
A pitch to bring inflation back to target by as soon as Christmas has been muddied by economists worried about new spending and energy bill relief for all. Forecasts embedded in the Albanese government’s third budget show inflation will go back...[Read More]
Aussies’ armchair guide to federal budget gobbledygook
15 May
AN ARMCHAIR GUIDE TO BUDGET24 TERMINOLOGY: * FEDERAL BUDGET: A plan for collecting, spending and borrowing, with income from taxes and investments mostly spent on social security and welfare, health, education, defence and paying interest on...[Read More]
‘Massive incentive’ to replace diesel with hydrogen
15 May
Future drivers and industries could use certified green hydrogen at a pump price the same or less than diesel after production subsidies kick in, a renewable hydrogen developer says. The new tax break in the 2024/25 federal budget was a “massive...[Read More]