At the start of the COVID-19 pandemic, the federal government announced a program allowing Australians in financial distress to withdraw up to $20,000 from their superannuation funds to help them cover their expenses during this difficult year.
Before you hire a worker, you should decide if they’re considered an employee or contractor. You can use our Employee/contractor decision tool to help guide your decision. This will make it easier for you to provide the right entitlements for that worker. It’ll also help you meet your tax and super obligations.
Understanding how your life experiences affect your relationship with money is the first step to taking control. Your money mindset is usually formed early in life; people either subconsciously repeat their parents’ attitudes, or do the exact opposite. Learning to recognise and work on changing your money mindset will help you achieve better financial results.
Diversification is your best defence against a single investment failing or one asset class performing poorly (for example, the share market falling or one fund manager failing).
If you diversify your investments, when some fall in value, others may rise and balance out the fall. Diversification lowers your risk because, no matter what the economy does, some investments are likely to benefit.
With the U.S. Presidential election now less than a week away, many investors are currently considering how the potential result could impact their portfolios. While, as our Chief Economist David Bassanese noted in his U.S. Presidential election preview, markets ultimately learn to live with whomever the U.S. president is, the note below looks at the three most plausible outcomes and some implementation ideas based on their investment implications.
Rachel’s recent performance appraisal didn’t go as planned. A professional woman with many years’ industry experience, her KPI’s confirm that she adds significant value to her workplace, and her expertise is highly regarded by management and peers alike. But, to her dismay, her pay rise request was denied and she left the appraisal feeling disappointed and unappreciated.
