Monthly Archives: March 2013

  Last year Australians spent an estimated $642 billion on living costs – including $8 billion on beauty and a mere $2 billion on education. According to an infographic from MoneySmart we’re also spending a major slice of our wages on alcohol, cars and gadgets. If you’re one of the few who are spending money on books over Botox, you could be saving as you spend by using your pre-tax dollars to do so.* Self-education expenses, publication subscriptions and professional membership fees can all be salary packaged; so basically you can pay for your educational expenses before income tax is applied Read More

12 Mar 2013

There’s been a lot of talk in the media lately about the salary packaging concessions available to employees in the public hospital and not-for-profit (NFP) sectors – largely focused on whether or not they should be reduced, or scrapped altogether. Unfortunately, the debate fails to educate the public about how these concessions work and why they deliver important benefits to our public hospitals and charities. We want to provide some clarity about what these concessions mean, and why they’re so important to these sectors. So, what’s a salary packaging concession? Put simply, these concessions allow employees of some charities and Read More

05 Mar 2013

A world without poverty

A world without poverty

That’s the vision of Good Return, a not-for-profit organisation that provides microfinance loans to women living in poor, isolated communities across the Asia Pacific region. These loans empower them to start or grow their own businesses – providing financial stability, self sufficiency, and a way out of poverty. In fact, microfinance encompasses not just the provision of a loan, but also access to savings, insurance and money transfer products they otherwise would not have. When the loan is re-paid, the money is put back into the community through the supply of education and skills development programs such as literacy, numeracy Read More