Low Income Superannuation Contribution

Australian Low income superannuation contribution

This has now been SUSPENDED following changes to the Minerals Resource Rent Tax Repeal and Other Measures Bills in September 2014 The low income superannuation contribution (LISC) is a superannuation contribution made on behalf of… Read the rest

Gross Disposable Australian Household Income rises by 58% from 2004 to 2012

The average gross disposable income of Australian households grew 58 per cent in the eight year period between 2003-04 to 2011-12, according to figures released by the Australian Bureau of Statistics (ABS). The following shows that prime growth area was… Read the rest

Claiming Australian Superannuation back when leaving Australia

When leaving Australia for good, you may wish to claim as much of any Australian Super as you can. This can be reclaimed in some circumstances before you reach retirement age. australia.gov.au/service/superannuation-departing-australia If you are a former temporary resident, you… Read the rest

Reserve Bank of Australia Cash Rate September 2013

Australian Reserve Bank Cash Rate 3rd September 2013

At its meeting today, the Board decided to keep the cash rate unchanged at 2.50 per cent. Other Key Information from the http://www.rba.gov.au Cash rate: 2.50% [effective 3 September 2013] Inflation rate:… Read the rest

Superannuation information for temporary residents departing Australia

The vast majority of workers in Australia, will have superannuation (super) contributions paid by your employer into a super fund of your choice. This is to provide your financial benefits when you retire. However, if you are not staying in… Read the rest

Centrelink (Australia) and Department of Social Security (UK)

For those of us who left the UK sometime ago, this bit of info may be news to us: The Department of Social Security (DSS) is a defunct governmental agency in the United Kingdom, which was superseded by the Department… Read the rest