The total amount required to fund your retirement depends on a number of factors. These are: Annual dollar amount needed to cover desired living expenses; Make-up of your portfolio of investments and the long-term returns on that portfolio; Life expectancy; and Inflation rate (the amount drawn should keep pace with inflation). The following table takes all of […]
The Australian Taxation Office (ATO) has warned the public to beware of scammers impersonating the ATO and demanding payment of tax debts. These scammers netted more than $174,000 in April 2016 with iTunes and pre-paid Visa gift cards now being demanded as a form of tax debt payment. Assistant Commissioner Janine Clark said that “in many cases […]
Conflict, hatred, war, prejudice, fear and many other ills all seem to stem from the focus on differences between people. However, Ewan McGregor, in Long way round, made a simple yet profound statement. He said “we’ve come this far and people’s faces have changed and people’s houses have changed and people’s beliefs may have changed but […]
What is happening within Centrelink? Centrelink are part of the Australian Government Department of Human Services, delivering a range of payments and services. At the moment they don’t seem to be doing it very well at all. In this election year pressure should be exerted on the politicians to do something about it. As accountants […]
Planning your financial welfare? There is a wealth of free information available in every country. Most governments are interested in ensuring that their citizens are well advised in financial matters. Here are some links where free information is available as a start of your journey towards financial welfare: Australia Moneysmart website is operated […]