Did you receive JobKeeper last financial year?

JobKeeper payments are taxable, so you need to include them in your tax return. If you’re a sole trader, partnership, company or trust that’s received JobKeeper payments, we’ll contact you or your registered tax agent by early July to let you know: the total amount of JobKeeper payments your entity received since 1 July 2020, … Read more

Reverse mortgage and home equity release

If you’re aged 60 or over, own your home and need to access money, releasing equity from your home may be an option. There is risk involved and a long-term financial impact. Get independent financial or legal advice before you go ahead. How home equity release works ‘Equity’ is the value of your home, less … Read more

Tax time: calculating investment income and deductions

By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia The Australian Tax Office has started full processing of 2020-21 income tax returns, and its objective was to start paying refunds from mid-July. As an investor it’s important to understand what information you need to record in your next income tax return, particularly in relation to … Read more

Choosing a super fund

Most people can choose which super fund they’d like their super contributions paid into. You can go with your employer’s fund or choose your own. To find out if you can choose your super fund, check with your employer. Your employer will give you a ‘standard choice form’ when you start a new job. This … Read more

Why there’s also risk in not investing

By Robin Bowerman, Head of Corporate Affairs, Vanguard Australia Many Australians know that investing will always come with some level of risk, namely the potential to lose money. In a recent Vanguard report on Australian attitudes towards investing, 20 per cent of those surveyed cited “worry of making a bad investment” as a barrier to … Read more