Rachna Dattani, Associate Director, IIFL Securities, says if somebody is thinking about diversifying the portfolio, I would definitely recommend a portion of it going to sovereign gold bonds which are closing but tranches will keep coming by every quarter. If somebody is looking at allocating an x amount in debt for three to five years, … Read more
Australians attempting to lodge their tax return are reporting being stuck in a queue landing page — some for more than an hour — as the tax office deals with a huge volume of people accessing the site. Logging in to myGov and visiting the Australian Tax Office website directs some people to a waiting … Read more
Australia’s top-performing balanced superannuation funds for the last financial year have been revealed, according to new research. Members in six of the best-performing funds achieved double-digit returns in the year to June 30, research house SuperRatings says. WATCH THE VIDEO ABOVE: Nine commonly overlooked tax deductions. The consultancy firm named ESSSuper, Vision Super and Brighter … Read more
Millions of Australians are making easy financial slip-ups costing them hundreds of dollars each year, according to new research revealing the most common money mistakes. About two in five people, equivalent to 8.3 million Australians, are guilty of making a financial error in the last 12 months, comparison site Finder has revealed. WATCH THE VIDEO … Read more
National Australia Bank says it will be blocking transactions to some cryptocurrency exchanges as part of its strategy to reduce financial crime. A NAB spokesperson said it would not comment on how it deemed what exchanges were “high-risk”. But they said the blocks were introduced “where we identify a high proportion of payments going towards … Read more
Cash is no longer available over the counter at a number of Commonwealth Bank locations across the country, where new Specialist Centres are now focussed on “more complex banking needs”. Customers can withdraw or deposit cash at on-site ATMs instead. WATCH THE VIDEO ABOVE: Commonwealth Bank makes major change to over-the-counter cash withdrawals. The Specialist … Read more
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty Images When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges. The newly single parent reentered the workforce, only to be laid off from her job at … Read more
More people are being forced to use buy now pay later services to pay for basics such as food and petrol, as the cost of living and inflation continue to rise. A new survey of financial counsellors found more than 80 per cent said clients were using buy now pay later for general retail. However, … Read more
Artistgndphotography | E+ | Getty Images 1. Tax brackets got wider When comparing tax year 2022 to 2023, there was a big adjustment to the federal income tax brackets, according to experts. While the rates didn’t change, there was roughly a 7% increase in the brackets, which expanded the amount of taxable income you can have … Read more
One of Australia’s biggest banks has increased its fixed rates for borrowers for the second time in just over a week. NAB on Friday announced it would increase the fixed rates for owner-occupiers and investors by up to 0.20 per cent. Those increases follow similar hikes last Friday, resulting in some rates increasing by up … Read more
