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Australian business leaders and investors are increasing pressure on the federal government to reconsider its capital gains tax (CGT) reforms scheduled for July 2027. A new proposal to introduce a 40 per cent discount for active business assets has attracted support from prominent industry figures concerned that the changes could discourage investment, entrepreneurship and business … Read more
Australian parents could be missing out on up to $4,018.80 in Centrelink Paid Parental Leave payments because of confusion about when the government benefit can be claimed. A financial educator has warned that eligible parents may be able to receive payments for weekends, public holidays and certain other days when they are caring for their … Read more
An Australian mother of three has revealed how an unexpected $11,975.30 Centrelink debt has placed significant pressure on her family’s finances and potentially delayed her return to work. Sarah Falls, 34, received the bill on her birthday after adjustments to her family’s Child Care Subsidy (CCS), exposing the difficulties parents face when estimating household income … Read more
Millions of Australians receiving Centrelink payments are benefiting from major changes to pension rules and welfare payment rates. A new overseas travel concession allows eligible pensioners to retain their full Pension Supplement for up to 12 weeks abroad, while September 2026 indexation has increased payments for more than 5.3 million Australians. The changes provide additional … Read more
Australian property investors may face a smaller tax increase than initially feared under the federal government’s reported changes to negative gearing and capital gains tax (CGT). New economic modelling suggests 53 per cent of landlords could pay more tax, while the remaining 47 per cent may pay the same amount or less. The findings challenge … Read more
Older Australians could increase their Centrelink Age Pension payments by using a retirement income strategy that reduces the value of assets assessed by Services Australia. The approach involves purchasing a qualifying lifetime annuity, which can provide regular income while allowing some retirees to receive a higher government pension. Financial advisers say the strategy is attracting … Read more
Older Australians aged 55 and above could significantly increase their retirement savings by using a little-known superannuation rule when selling their family home. The downsizer contribution scheme allows eligible homeowners to deposit up to $300,000 each into super, potentially helping couples combine different contribution rules to add as much as $1.38 million to their retirement … Read more
Older Australians planning to give money or property to their children are being warned about a little-known $10,000 Centrelink gifting rule that could affect their Age Pension payments. Financial advisers say retirees who transfer assets to family members without understanding Centrelink’s deprivation rules could face reduced pension entitlements, even years after the money has changed … Read more
Millions of Australians could receive more than $1,000 in annual financial relief under a major tax reform proposal from the Australian Greens. The party wants to increase the income tax-free threshold from $18,200 to $26,000 while delivering an additional $1,000 a year to eligible pensioners and Centrelink income support recipients. The proposal forms part of … Read more
Australians receiving certain Centrelink payments could escape a proposed 30 per cent minimum capital gains tax (CGT) rate, creating an unexpected opportunity for some retirees and investors. However, financial experts warn that qualifying for the exemption may be far more difficult than it first appears, particularly for people holding valuable shares or investment properties. The … Read more