Download PDF version Super and tax – what’s changing on 1 July 2024 Here’s a quick rundown of the latest law changes They say nothing is certain in life except two things – death and taxes. Australians can probably add a third – the knowledge that come the end of financial year, the rules around superannuation and taxation will inevitably change. It can be hard keeping up with all the latest super and tax rule …
Demographer Bernard Salt shares his insights. To find out more visit: www.amp.com.au/whateverwealthyyouwant Original Author: Produced by AMP and published on 18/08/2023 Source
How Australia’s perceptions of wealth are changing in the 2020s For decades, Australians have associated wealth with home ownership. As our country has become more diverse and inclusive, and individual Australians achieve greater freedoms, these ideas are changing. A recent studyi by AMP highlights how our definition of ‘wealthy’ is shifting – and how your bank, super fund and adviser can help you achieve wealth, no matter what that means to you. Home ownership and financial …
Show your finances some self-love Are you guilty of changing your spending habits when you’re in a relationship? Do you have a financial plan, or are you relying on a partner to take care of you in retirement? Whatever your situation, there’s never been a better time to step up and take charge of your finances. Your relationship status can have a big impact on your finances. From spending and managing your money, to the …
Budgeting for baby: What you need to know Having a baby is an exciting and life changing experience. But what about the cost? There are many hidden and unexpected expenses that go along with your new bundle of joy. Follow our handy guide to planning your finances, so you can avoid any money worries once baby arrives. No two ways about it, having a baby in Australia isn’t cheap. It also comes at a time …
Coronavirus (COVID-19) is changing elements to the superannuation and retirement of Australians. AMP Capital senior economist Diana Mousina and technical strategy manager John Perri discuss whether now is the right time to retire, or whether it’s better to delay retirement plans. Watch to find out the factors to consider before deciding to retire, including when you plan to leave the workforce, your super contributions and any other retirement income, as well as what you can …
So why do quantitative easing? Normally central banks implement monetary policy by changing interest rates. But when interest rates have already fallen to zero, in order to support the economy central banks have been turning to boosting the quantity of money in the economy. Hence quantitative easing. The current expansion in quantitative easing (and its adoption in Australia) reflects: A need to ensure that short term money markets continue to function – as lenders became …
