When you work as a tradie you want to save as much money as possible so you can afford the more enjoyable things in life like a holiday or that new car you’ve been eyeing off. That’s easier said than done with the cost of living increasing all the time and things like bills and food making a huge dent…
In Australia, superannuation is basically a legislated form of forced savings and means that people have more money available for them upon retirement and don’t need to rely on government pension. For a lot of tradesmen, it can be easy to assume that superannuation just takes care of itself and there’s not much you need to consider. It’s important that…
The ATO has cast a wide net this year as to who they will be targeting for their annual tax return hit list. Every year we find out which profession will be scrutinised by the ATO, however instead of picking particular industries this year the ATO has scoped in any tax payer which submits an electronic device as a deduction.…
Regardless of your age it can be daunting to think of how much we need to retire. The Westpac/Association of Superannuation Funds of Australia (ASFA) Retirement Living Standard benchmark recently calculated that the typical Aussie couple currently need around $55,000 per year to live a comfortable lifestyle. If your annual super statement shows you have only enough assets for one…