My sister is planning on going bankrupt. She hasn’t talked about it much so in my concern for her I’ve been looking it up and I can’t find consistent info about what will happen to her super. Most Aus legal sites say super is protected - but AFSA says it’s claimable.

What’s the actual situation?

Hi All, does anyone have a good recommendation for someone that teaches trading, where you have actually made substantial money from their teaching, Thanks in advance.

Just wondering if anyone has had any luck haggling with their bank or a credit union for a better rate on an existing personal loan. Mine is coming up for renewal soon and the initial rate quoted isn't as good as I was hoping for. Feeling like I should at least try and see if there's any wiggle room. Any tips or strategies that worked for you would be much appreciated.

Hi everyone,

We are a business looking to start putting suppliers that accept card payment through a qantas point earning credit card.

The points earned would total a significant amount if most suppliers accept card.

I’d ideally like to transfer the points to the directors personal qantas frequent flyer account for them to redeem personally on flights etc

Can anyone advise if there are any tax/FBT obligations regarding this or issues that need to be considered ?

Thank you!

“Its hard to see mortgage rates being cut significantly from here…

Mortgage holders are going to have to adjust to the reality that mortgage payments are going to take up a huge chunk of everyday income”

I’m interested to hear how people are perceiving the medium term at the moment- as in the next few years, not the next few months.

When does it get to a point where people consider selling at a loss to downgrade or move/return to renting to take some pressure off? Or other steps like downgrading to one car? (If havent already).

Hi all, in the process of forming a new company with 6 individuals who are all based and live in Australia. We've had some initial discussions and generally agree that incorporating the business overseas may be a better option than setting it up in Australia

The problem is, none of us have any experience in setting up a company overseas - looking for anyone that can guide us in the right direction, provide info, steps, etc.

Another question is if all directors/shareholders are Australian residents, how does tax work if the company is registered overseas?

Hey guys, info: 29 years old. $20k in savings. $6k in ETFs. $73k in super. No debt other than $12k of HECS. I have a partner, currently renting together.

I got gifted/inherited $100k unexpectedly to help for a house deposit. I am grateful and surprised but the more I look at housing and repayments etc the more I am unsure. However, I just don’t know what to do. I’d like to not rent but homes in sunny coast are insane for what you get. I’d like to not move too far due to family and work. I’m not that mad about renting, like it sucks but it has its perks. I think my goal is to utilise this opportunity to build wealth. I just don’t know if that’s through buying a house or unit or using it in another way?

Does anyone have any recommendations about establishing a bank account for kids under 5 where family can put money to for gifts etc.?

Hello,

Could someone kind, please explain to me (I'm dumb) about some PAYG thing that's auto set up without warning or notification and that I can't delete after doing my first tax return as a sole trader. I can't delete this payment thing, probably due to having a few outstanding years that I can't afford to complete let alone be ok enough to pay off this years 1.5k (online artist/content maker). AI helped me file my first return, but it's useless at explaining or helping me for this new thing that's popped up on my account and it's just put major stress on me about what'll happen as I've been forced to select annual for now from quarterly. It doesn't even say a date due etc.

Please note I'm completely useless with maths/numbers, long mentally not there, extreme social anxiety, stressed out from living week to week since covid, have no-one nor family, and mentally don't want to exist for the longest time (but I'm not at immediate risk regardless of how I feel, I just focus on the next problem to solve and get through life).

But this is one thing I don't understand. Is PAYG a thing to force someone to start paying in advance for next years return? What happens if I leave it at annual, then do next years 2026 return, will it still bill me in one big lump sum even if I set up a payment plan for next 2026 tax return?

It's been hard enough filing this years one for the first time and stressing how I could even pay it. Why the absolute F can they just chuck it on people with no way to pay it let alone cancel it? Despite previous few years undone tax, I can't pay those off and had been trying to handle things by doing this years as my first one and try to survive that. I can't do previous years because I really can't handle the stress it will cause by having a lot of money owing on it known in my mind, I had been hoping the tax year just done would let me work things out a little and then try save for previous years if possible but this shit's thrown it out the door.

Thank you for any help so I can understand it and what I can do or need to avoid. Sorry for the depressing read.

Currently trying for a slight career pivot after finishing a master's degree in a slightly niche field. Seems like a terrible time to be doing this, as the jobs market feels incredibly dry at the moment.

Jobs I've applied for seem to yield no response.

I've even applied for jobs in my current field and haven't heard back about these either!

Going back 2-3 years ago, it felt like I could work basically anywhere I wanted in Australia.

I wonder if perhaps employers (public and private) are kinda frozen at the moment whilst trying to figure out how bad this recession is going to get.

A bit disappointing when I just finished my studies :(

Anyone else noticing this?

Asking because I saw a similar post.

Early 50's female, 2kids - state public service for 30ish years

Have mortgage $140k left (no offset - paying on own and have been for at least 6 years)

Joint mortgage with ex (separated).

Me = Personal loan $30k

Super (mine) pretty good, and defined benefits

What do you reckon.. pay mortgage and loan? Or put extra into super?

Just a PSA in case you have forgotten (like me!) - I purchased some income protection through a financial broker a few years ago as the product was only able to be purchased through a broker. I'm not really using the services of the broker much anymore as they only are providing me with a renewal and confirming if my circumstances have/have not changed. I realised I am actually paying hundreds on ongoing commissions and aside from the odd question here and there I realised I don't really need their services and am fine to manage my policies on my own. My insurance advised I need to ask the broker to remove the commission which they have now done. I had completely forgotten about the commission so I thought I'd let anyone know in case they they were in the same boat. The laws changed in 2025 to require increased transparency and disclosure about commissions so of course this was something that had totally slipped my mind.

Do I need to put in names of individual items in the TRS app, or just group them together like "$500 perfumes, $300 chocolates"? As there is no option to name individual items if I don't select the "others" category. Anyone who has used this app, please help.

Hi everyone, we were confused by the Medicare surcharge ($202,000 family income + $1500 for each child) and wanted to ask if anyone was in the same circumstance.

We are a household with two kids. We earned just above the medicare levy threshold in the last financial year.

I am a NZ citizen as is both our children. All three of us are on private insurance.

My wife is a subclass 461 temporary resident. She is not eligible for Medicare, nor private insurance except OVHC. She is on an OVHC insurance.

Am I correct in understanding we still need to pay the levy on the entire family income despite everyone being on private insurance as OVHC is not considered as private insurance?

Would be keen to hear anyone who might be in the same circumstances. Thanks so much!

Update: Someone correctly pointed out that I mistakenly wrote 2% in the header, I was meaning the Medicare surcharge (0-1.5%) which applies above a certain family income threshold, not the 2% normal medicare levy.

Inflation only goes up

Early 40s couple with two dependents.

I recently uploaded several years of our bank statements, tax returns, IP records, and portfolio history into a custom dashboard to track our actual post-tax money flow.

Across this period (12months), our total net inflow was $422k (combining PAYG income, IP rental revenue, tax refunds, and dividends).

Where every dollar went:

IPs Mortgages (Servicing P&I): 37.6%
Living Expenses: 30.1%
PPOR Mortgage Servicing: 18.1%
Shares Portfolio / Misc Savings: 14.2%

Our biggest takeaway is avoiding lifestyle creep on the primary residence (PPOR) - we are 20km away from the Sydney CBD, not towards the East or North. Resisting the urge to buy into top-tier postcodes kept our PPOR mortgage manageable, which unlocked significant cash flow for investing and living life comfortably.

Curious how other households break down their cashflow distribution or approach PPOR vs. investment allocation?