In Australia, this year before you hurry to the shops on a spending spree or make a spur of the moment purchase. And also, you could consider a less smarter ways to take this year’s tax refund and bring it to work for you. According to ASIC, a person who retires at 65 with a modest lifestyle, they will need $300,000 in today’s money to retire. Those who want a ‘comfortable’ lifestyle will need at least $544,000 to retire. These are the super contribution top-up by that government. And also, a better deduction on next year’s return for buy work related equipment items and that cost should be over $300. The number of Australian are interested in investing, but they didn’t know how to start or can’t commit huge amounts of money for buying shares. So, try a micro-investment is an interesting option. Then, save your tax refund in a term deposit for your children. Using your tax refund to lower your credit card debt or pay it off. And then, put your tax refund into a mortgage offset account.
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AuthorKervin Kupp Archives
April 2020
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