08/09/2022
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
08/09/2022
Women tend to neglect their super more than men
Author, business owner, and public speaker Jane Turner has spoken on stage in front of thousands of fellow women on the importance of empowerment and confidence. But she is unsure about when she can retire because she didn’t adequately fund her super.
Property values experience biggest drop in nearly 40 years
In August, Australian property values suffered their biggest monthly drop since 1983 as the market’s downturn accelerated. Every capital city apart from Darwin is now in a housing downturn.
ATO releases data revealing record number of SMSFs worth over $100 million
The number of self-managed super funds (SMSFs) worth more than $100 million continues to grow year over year.
Some critics are calling it a “taxpayer-funded inheritance scheme.”
The gender pay gap will see rich men benefit the most from tax cuts
The independent Parliamentary Budget Office has calculated that men who earn over $180,000/year are set to benefit the most from the Stage 3 tax cuts coming into force in 2024. Female workers who earn less than $45,000/year stand to benefit the least.
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