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Showing 161 - 170 of 1400 results for "Household"

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... expanding superannuation advice. This can include super funds to consider a broader range of a member's personal and household circumstances such as debt, spouse's income, or age pension eligibility. If enacted, the Actuaries Institute suggests ...

Cash rate unchanged at 4.35%

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... governor Michele Bullock said that it remains too high. "Inflation is still weighing on people's real incomes and household consumption growth is weak, as is dwelling investment," she said. The prices of goods continued to ease reflecting the resolution ...

Treasury unveils Stage 3 tax cuts changes

KARREN VERGARA  |  MONDAY, 29 JAN 2024
The federal government has officially released amendments to Stage 3 income tax cuts, saying that cost-of-living pressures has forced it to do so. Among the changes, Treasury is proposing to reduce the 19% tax rate to 16% and increase the threshold ...

Bitcoin ETFs given green light by US regulator

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
Bitcoin exchange-traded funds (ETFs) have been approved by the Securities and Exchange Commission (SEC), a landmark moment for the legitimisation of the world's largest cryptocurrency. The SEC approved 11 Bitcoin ETF application from major institutional ...

Government reports improved fiscal outlook

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
... by only 1.75% in 2023-24, before regaining momentum in 2024-25 as improving real incomes growth support a recovery in household consumption. Also, inflation, while moderating, remains a concern, but is expected to return to the target range soon. "After ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... would opt to sell and downsize to reduce their debt. According to the Australian Bureau of Statistics, the amount of household debt now sits at an average of $242,000 for Aussies over 55. According to the study, three in five respondents believe that ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... member's superannuation account. This will allow funds to consider a broader range of a member's personal and household circumstances, such as debt, spouse's income, or Age Pension eligibility. The new legislation aims to empower funds to ...

Interest rates on hold as RBA pauses

CHLOE WALKER  |  WEDNESDAY, 6 DEC 2023
... the economy." Bullock recognised that high inflation is causing a strain on people's real incomes, leading to weak household consumption and dwelling investments. She further explained that maintaining the current cash rate is necessary to evaluate ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... already available on government systems." Thornton said once that hurdle is cleared, the cost of providing sensible household-level advice will drop. And financial advice will be much more available, enabling retirement products and services to be offered ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
Australia's major banks have achieved skyrocketing returns of $32.5 billion, up 14% from last year, driven by loan growth, margin expansion and the continued decline in notables. This year, profits exceeded the previous record set in 2017 at $31.2 ...