There’s a Harvard University experiment[i] in which participants were asked which they’d prefer: a) a job where they earned $50,000 a year while others around them earned only $25,000 a year or b) a job where they earned $100,000 a year, while others earned $200,000 a year. The survey respondents were basically asked to choose […]
Higher Minimum Pensions from 1 July 2023
The recent 50% reduction in the minimum Account Based Pension withdrawal requirement came to an end on 1 July 2023. This was a temporary measure during and after COVID and was designed to reduce the depletion of ABPs in times of lower investment returns. From 1 July 2023, the minimum withdrawal percentages are reverting to […]
2022 in Review
As the end of the year approaches yet again, you might be reflecting on how things have changed over the past 12 months. Many unexpected world events have happened lately, including a global pandemic, war in Ukraine, and inflation taking over. Well composed articles about the future can be entertaining, but little more. However educated […]
Airbnb and Tax – is it even worth it?
We are living in the era of a ‘share economy’ where access to goods and services can often be peer-to-peer, facilitated by apps and online platforms. Airbnb is reportedly worth around $31 billion dollars according to Forbes and it’s easy to see why. There are nearly 5 million lodging options and that number is not […]
ABS 2016 Census Results Are In
Once every five years we get an update into the living biography of our nation – the national Census that reveals who we are and how we lead our lives. This information gives us insight to help plan and prepare for our future. So what are we learning from this census? Well preliminary results came […]