2019 Federal Budget

In 2018/19 • Low and middle income earners will benefit from tax savings as a result of an increase in the low and middle income tax offset. • The instant asset write-off threshold will increase from $20,000 to $30,000 for small and medium sized businesses with aggregated turnover of less than $50 million. • A one-off payment will assist eligible social security and DVA recipients with the cost of energy bills. • Aged Care funding will increase. From 1 July 2019 • The Partner Service Pension will be available to former spouses of veterans. From 1 July 2020 • People aged 65 and 66 will be able to make voluntary super contributions without having to meet the work test. • The age limit for spouse contributions will increase to 74. • More flexibility will be provided when calculating exempt current pension income

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Ponzi Schemes

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Here are tips on how to pick a ponzi scheme from a real investment. Warning signs of a ponzi scheme Where do ponzi schemes operate? How long can the scheme last? How ponzi schemes work What to do if you have invested in a ponzi scheme

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Four ways to manage the rising cost of living

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Be smart with your spending. The increasing cost of goods and services is a reality most Australians have to deal with. Data from the Australian Bureau of Statistics shows that living expenses for employee households were up by 2 per cent in September 2018 compared to a year ago.1

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Five financial moves to make in your 40s

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In your 40s? Here’s what you need to consider to financially get ahead. Being in your 40s often involves balancing many responsibilities that it becomes easy to neglect your own financial wellbeing. But it’s not too late to secure your future. Here are some tips that may help you financially…

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