Latest News Archives - Page 12 of 66 - Virtue & Partners

Living comfortably in retirement just got more expensive

The amount of superannuation needed to live comfortably has risen to a record high as the cost-of-living crisis continues to impact all Australians.
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SMSFs will continue to grow as government eyes superannuation coffers

Following the release of the government’s latest Intergeneration Report there is renewed confidence that more people will see SMSFs as a more attractive option as a savings vehicle for retirement.
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Advice-Related Complaints Low Despite Huge Rise In General

Of the nearly 97,000 complaints lodged with AFCA in the past 12 months, less than 5% were related to investments and advice and just under 2% were about life insurance. A statement from the authority says consumers in dispute with financial firms lodged a record 96,987 complaints, an “unprecedented” rise of 34% on the previous financial year.
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Average ATO refund tumbles $430 compared to last July

Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.
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Penalty amnesty tempts 7,000 small businesses back into tax system

UPDATED: This budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.
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More Australians are unlocking home equity to fund retirement

A growing number of Australians are downsizing their home to fund their retirement. Here's the latest data from the ATO on use of the downsizer measure.
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Top 50 Greatest Cuisines

check out the top 50 most Delicious Cuisines in the World
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The “secret” to financial freedom? Persist while others quit

See what it means to persist in the face of market volatility.
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Australians need a retirement confidence boost

Giving Australians better access to high-quality and more affordable financial advice is imperative.
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High interest and inflation can pay dividends for SMSFs

While much of investors’ attention is naturally aimed towards the impact on mortgage repayments, higher rates are opening massive opportunities for retirees in term deposits, bonds and lower-risk assets, says the director of a leading wealth management firm.
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Five questions that indicate how financial literate you are.

Australia has a relatively high level of financial literacy when ranked globally. In a study of 140 economies, Australia ranked in the top 10 countries for financial literacy.
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Tax alert warning could catch more in the ATO web

It’s not just SMSF trustees that may be caught under the tax alert issued last week in regards to property and arms’ length dealings, warns a specialist SMSF legal expert.
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