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CBA boss calls for spending cuts, bold reform in budget | Prime Wealth Advice
CBA boss calls for spending cuts, bold reform in budget | Prime Wealth Advice
The bosses of Australia’s largest companies have urged Treasurer Jim Chalmers to take a bold agenda to the May budget to salvage the country’s faltering international competitiveness. Speaking at the Australian Financial Review Business Summit, Commonwealth Bank chief executive Matt Comyn urged business leaders, economists and policymakers to encourage ambitious spending and tax reforms. “Within tax, you have to deal ...
Investors brace for a bigger hit from Middle East war
Investors brace for a bigger hit from Middle East war
From being just a fringe risk, conflict in the Middle East has become a top worry for investors unsettled by the prospect of a power struggle in Iran and a protracted regional war, with ramifications for everything from global trade to inflation. US-Israel strikes killed Iranian Supreme Leader Ayatollah Ali Khamenei on Saturday, sowing chaos as Iran struck back at ...
How treasurer could make capital gains taxes ‘fairer’
How treasurer could make capital gains taxes ‘fairer’
Treasurer Jim Chalmers faces a renewed push to reform capital gains taxes, with pressure mounting from economic think tanks, anti-poverty advocates and even the NSW government to make the system fairer for all Australians. Critics argue a Howard-era change to the way profits on investments are taxed has turbocharged housing prices and worsened inequity in Australia by increasing the burden ...
Why estate planning conversations are so hard
Why estate planning conversations are so hard
Talking about estate planning can feel confronting. It’s a conversation tied to ageing, mortality, money, and family dynamics — all sensitive topics many of us prefer to avoid. Yet, avoiding it doesn’t make the need go away. In fact, most people leave estate planning too late, which can lead to stress, family conflict, and unnecessary financial and legal complexity. ...
The top 5 goals of retirees
The top 5 goals of retirees
Retirement marks the start of a new chapter, one that is filled with both opportunity and uncertainty. After decades of work, many retirees find themselves asking, What comes next? While the answers vary from person to person, there are five common goals that consistently rise to the top. Understanding these goals—and recognising how the right guidance helps bring them to ...
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