The Youth Allowance and ABSTUDY payments are set to increase in 2025, offering additional financial relief to job seekers, students, and Indigenous Australians pursuing education and training. These changes reflect the government’s regular indexation of welfare payments to keep up with the cost of living, ensuring that young Australians and Indigenous communities receive adequate support. Continue reading
Finance
Boost Your Super: How Low and Middle-Income Aussies Can Add Hundreds to Their Retirement Savings
For Australians on low and middle incomes, maximizing superannuation contributions can be a powerful way to grow retirement savings—and the government is offering incentives to make it easier. Eligible workers could boost their super by up to $1,000 each year through two key programs: the Low Income Super Tax Offset (LISTO) and the Super Co-Contribution Continue reading
$750 Centrelink Cash Relief Payment: Fact or Fiction? Here’s the Truth
In recent weeks, rumors of a $750 Centrelink Cash Relief Payment have been circulating widely on social media and messaging platforms. Many Australians have been left wondering whether this payment is legitimate or another online hoax. The short answer? This payment is entirely fake. Let’s break down the facts, debunk the claims, and provide guidance Continue reading
Canada’s GST/HST Relief is Ending, but These Groceries Will Remain Tax-Free
As the GST/HST break comes to an end on February 15, 2025, you might be wondering how it will affect your grocery bills in Canada. While many products may become more expensive, there are still a number of grocery items that will remain tax-free, even after the freeze is lifted. The federal government defines certain Continue reading
Major Social Welfare and Tax Changes in 2025: Cash Boost for Thousands of Households
As 2025 begins, significant changes are being rolled out to social welfare payments, tax structures, and other cost-of-living measures, providing much-needed financial relief to thousands of individuals and families across the country. These updates, stemming from the Budget 2025, aim to tackle inflationary pressures and ease financial burdens for citizens, particularly those in vulnerable or Continue reading
What is the Cash Rate forecast for Australia? Could 2025 Bring Long-Awaited Relief for Borrowers?
RBA Holds Cash Rate at 4.35% for Over a Year – Change on the Horizon? For 13 consecutive months, the Reserve Bank of Australia (RBA) has maintained the cash rate at 4.35%. However, experts now believe that change could be on the way, potentially offering much-needed relief for borrowers who have battled rising costs since Continue reading
What will inflation be in 2025 Australia? Interest Rates, and Growth Projections for 2025-2026
Inflation in Australia continues to moderate, with projections indicating a return to the target range of 2–3% in 2025 and reaching the midpoint by 2026. While goods price inflation has declined, services price inflation remains high, driven by strong domestic cost pressures, including labour and non-labour inputs. The excess demand in the economy continues to Continue reading
Older People on Disability Benefits Could Receive an Extra £326 Monthly in Pension Credit – Here’s How to Claim
As the cost of living continues to rise, many older people may be missing out on an extra £326 per month in financial support. If you are of State Pension age and receiving a disability benefit, you could be entitled to extra Pension Credit payments to help with daily living costs. The Department for Work Continue reading
Centrelink Work Bonus Scheme 2025: How Pensioners Can Earn More Without Losing Benefits
The Work Bonus Scheme is designed to help pensioners keep more of their pension while still earning an income. If you’re of Age Pension age and receive an eligible payment, this scheme can reduce the amount of employment income counted towards the pension income test. This means you can work, earn, and still receive pension Continue reading
CRA to Tax $2.5 Billion Small Business Carbon Rebate, Contradicting Freeland’s Pledge
In a move that has caught small business owners by surprise, the Canada Revenue Agency (CRA) has decided to impose income tax on the $2.5 billion carbon tax rebate for small businesses. This decision contradicts previous assurances from the federal government, including a statement from Finance Minister Chrystia Freeland in November, which promised that the Continue reading