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5 Things You Need To Know About The 2015 Budget And Its Impact On Your Family

Despite being tamer than last year, the 2015 was a real mixed bag for families.  If all the measures pass the Senate some families will be better off others worse off.  So here are the 5 main proposed budget changes that you really need to know about.!

(1) If you have a child in childcare – there are big changes you need to know about.

From 1 July 2017, a new Jobs for Families childcare package is expected to come online and replace the Child Care Benefit and Child Care Rebate with a single child care subsidy.  This subsidy will be paid directly to child care providers, reducing upfront fees.

The government estimates that the changes will save working families $30 per week on average.  Families with an income of under $65,000 per year are guaranteed a minimum of 12 hours subsidised child care per week with 85% of their child care costs […]

By |May 21st, 2015|Federal Budget|7 Comments

The Superannuation Co-Contribution – How To Get An Extra $500 Superannuation For Free

I am so excited – this year I qualify for the government’s superannuation co-contribution scheme and I am absolutely going to take it up!!  Let’s face it, there are not many ways you can get $500 for free, particularly from the Government!!!  However, this is one of them and it is really easy!!! Who would have thought!!!

So here is how you do it!  Pretty much to qualify for the full benefit of $500 you have to earn less than $33,516 and put an after-tax contribution of $1000 into your superannuation fund by the 30th of June 2014.  As long as you have put the contribution into your fund and you file your tax-return, the $500 will automatically be paid into your fund by the government.  (Click here to see the full criteria).

If you earn between $33,516 and $48,516, you will still get […]

By |June 19th, 2014|Superannuation|13 Comments

The Federal Budget 2014: What Does It Mean For Your Family?

Ok if the 2014 Federal Budget was all a bunch of gobbledy gook to you then do not worry you are certainly not the only one!!!!  Here is my take on what you really need to know about what was announced in the Budget and how it will impact you and your family!

  • If you get the Family Tax Benefit part B the rules have changed.  Only Families on a income of less $100,000 with children under six qualify.  Though existing recipients of Part B with children six or older will continue to receive payments for two years.
  • Planning to have a baby?  The new paid maternity scheme to start in July 2015 will have scheme payments capped at a payment of $50,000, as opposed the originally promised $75,000.
  • Going to the Doctor will cost you more:  Anyone who sees a doctor and gets bulk billed will pay $7 every time they go.  Non-bulk-billed […]
By |May 16th, 2014|Federal Budget|15 Comments

Interview With Talking Mums Magazine

Hi All,

I did an interview with Talking Mums Magazine the other week about Money Mummy and where I would like it to go.  Click on Read More to see the You Tube video. Check it out!  Happy Investing!  Money Mummy

By |April 11th, 2013|Interviews, Investing Basics, The beginning|1 Comment

The Birthday Present

On June 18th last year it was my birthday, a day like pretty much any other.  My husband and I dropped our beloved daughter, Miss Money at childcare and I went off to work.  About mid-morning, I passed a team mate in the photo copy room and we had a quick chat when he confided in me that he was scared that he was going to be made redundant.  I told him that if anyone in the group was going to be made redundant it was going to be me.  I returned to my desk to finish my research report and not more than half an hour later it happened to me!  My boss pulled me into a room and that was it.  I was told it wasn’t anything to do with my performance, it was cost cutting and there would be several of us who would be going.

For me […]

By |March 5th, 2013|The beginning|0 Comments