Tips

End of Financial Year Update

Newtown Financial Advice
Newtown Financial Advice

Another financial year has drawn to a close and there are some changes that now come into effect that might impact you and your money. Some of the highlights are as follows: Changes on the Superannuation front: Exit fees have now been banned so it is cheaper to change superannuation funds Low balance funds will be…

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How Will The Federal Budget Impact You?

Federal Budget
Federal Budget

The Federal Budget was announced last week and it could be described as typical for any government who is considering going to the polls, definitely no nasties (yay!). The key things that might impact you include: Tax cuts: The upper personal income tax threshold for the 19% tax rate will increase to $45,000 from 1 July 2022. The 32.5% tax rate…

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