What is Loyalty Tax? Firstly, it’s important to note that Loyalty Tax has absolutely nothing to do with the ATO. Loyalty tax is a sneaky, underhanded way that companies extract money from all of us. Fortunately, loyalty tax is avoidable. Some of the most well-known and trusted companies in Australia apply a loyalty tax against […]
Your Tax and Finances
Your Tax and Finances: Money Tips | Budget and Savings | Superannuation | Rental Income
HELP Repayment Rates: How To Repay HELP Debt Quickly
Need help with HECS-HELP debts? Here are some tips on repaying your HELP debt… If you are one of many people who finished university with a HELP (Higher Education Loan Program) debt, you might not be sure exactly what the steps are to repay help debt. It’s important that you know how to repay HELP debt, […]
How do I do my tax return?
All your FAQs about tax! When you find yourself stepping into the world of ‘adulting’ it’s never long before you need to ask THAT question: ‘How do I do my tax return for the first time?’ More often than not, the jumble of answers you wade through makes you toss it in the ‘Too hard’ […]
Want to raise little entrepreneurs? Start by teaching kids about money
Teaching kids about money early is one of the most valuable life lessons you can give them. If you’re planning on raising money smart kids, you need to start early (even with preschoolers). In fact, the earlier the better. Your child’s understanding and attitude towards money can affect them throughout their life. If they learn […]
3 Achievable Financial Goals to Set Each Year
If your mind is full of goals but they all seem so overwhelming that you keep putting them off, this article is for you. We look at how you can achieve more by aiming for less.
Shared Finances vs Separate Bank Accounts – Which is Right For You?
The Shared Finances vs Separate Bank Account Debate At some point, every couple has the shared finances vs separate bank accounts conversation. But, as with all money-related matters, it’s rarely a straightforward process. Let’s look at the 3 most common options for couples to manage their finances, to help you choose what kind of strategy […]
School holiday ideas for a tight budget
Looking for cheap school holiday activity ideas? You’ve found them! From creative projects to local adventures, there are countless ways to enjoy school holidays on a budget. In this post, we’ve hunted all kinds of cheap and free school holiday ideas for activities that children (and adults) will love, that won’t put a strain on […]
5 Smart Ways to Use Your Tax Refund
We’re often asked the smartest ways to use your tax refund – so we’ve collated a quick list of tips and ideas! How to spend your tax refund to get ahead 1. Pay off your debts Probably the very smartest way to use your tax refund is to pay off any bills or credit cards. […]
Worried about job security? Up-skill to protect yourself!
Up-skilling to protect your existing job seems tough, but in recent years it’s become the norm across many industries. Plenty of jobs that used to be common just don’t exist anymore. When was the last time you saw a milkman doing the rounds? (Or, have you ever seen a milkman?) The flipside is that change […]
How much does a dog cost? – Really!
Get up to speed on the REAL cost of owning a dog, so you know what to expect before your commit. We’re not just talking about the purchase price, which can be eye watering, but the ongoing cost of owning a dog over its lifetime.
How much super do I need for a comfortable retirement?
Everyone has different ideas of how their retirement might ‘look’. How much super will be enough depends on many things, starting with what a ‘comfortable’ retirement looks like to you. You might want to travel or you may want to dine out every week at a fancy new restaurant. It could be that just want […]
How to save money – 3 money saving tips to ignite your savings
Struggling to grow your savings account? With so many increases in the cost of living, many of us are feeling the pinch in our savings accounts. We regularly hear of people actually having to dip into their savings to make ends meet, or to make purchases that just couldn’t be put off any longer. That’s […]
Division 293 Tax
What is Division 293 Tax? Division 293 tax is an additional tax on concessional superannuation contributions for high-income earners in Australia. Its purpose is to reduce the tax advantage that wealthier individuals receive on their super contributions, making the system more equitable. Who It Applies To You may be subject to Division 293 tax if […]
Claim Your Dental Expenses as a Tax Deduction
“Can my dental expenses be deducted on my tax return?” The short answer is likely no. Dental expenses were phased out by the ATO in 2014/15. If you have an overdue tax return from prior to 2014 and records of dental expenses you wish to claim, please read on to learn more. For everyone else, […]
How to Save Tax in Australia: Three Easy Ways to Get a Bigger Tax Refund
When you do your tax return each year, do you get the full tax refund you’re entitled to? Are you looking for a bigger tax refund, but don’t know where to start and don’t want to get in trouble with the ATO? In Australia, millions of people miss legitimate tax deductions. That means people don’t […]
