Category Archive: Finance

Sep 14 2017

Medicare Levy Reduction or Exemption

Australian Low Income Earners can Qualify for a Medicare Levy Reduction or Exemption

If your taxable income is equal to or less than; $21,655 you do not have to pay the Medicare levy.
If you are a senior or pensioner, then that threshold becomes $34,244.

If your taxable income is between $21,655 and $27,068 ($34,244 and $42,805 for seniors and pensioners) then you may be entitled to a Medicare Levy Reduction.
Your Medicare Levy will be calculated at 10% of the difference between your taxable Income and the lower limit (eg: $21,655 or $34,244)

Example Rates..

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Sep 07 2017

Water Costs when Renting in Sydney, NSW

How Much Does a Tenant Pay For Water in Sydney, NSW

A landlord can only ask a tenant to pay for water charges if certain conditions are met by the property.

An example of a Water Bill, as an Owner:

$262 Total Charge
$ 81 Fixed Charge Water Access
$115 Fixed Charge Sewerage Access
$ 66 Water usage

Based on that Bill, a tenant could only be charged the $66 for the water usage.

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Aug 16 2017

Australian Credit Cards with No Annual Fee

Australian Credit Cards with No Annual Fee

Some of the Australian banks issue credit cards without an annual fee, some only give the first year free, as an incentive to sign up, but others offer lifetime free.

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Jun 28 2017

Low Income Tax Offset

LITO: Low Income Tax Offset for Low Paid in Australia Australian taxpayers are able to benefit from the Low Income Tax Offset [LITO] benefit from the Australian Tax Office (ATO). This Low Income Tax Offset rebate is given to those people with low taxable incomes, and gradually reduces down to zero at a certain threshold. …

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Jun 27 2017

Minimum Wage in Australia 2017

On the 1st July 2017, the minimum wage in Australia will rise by 3.3%

Jan 11 2017

Cooling Fan Running Costs

How much does it cost to run a Room Fan for Cooling A small Box fan, rated at 47 watts, if left running for 24 hours per day, would use 1.128kWh of electricity each day. The Electricity cost in January 2017 (in Brisbane area) is $0.25586 per kWh. The running cost for that 47 watt …

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Oct 24 2016

Does NAB Pay Need an Internet Connection to work?

NAB Pay allows you to use your mobile phone to pay for Goods and Services, without the need of your debit card.
NAB Pay requires a mobile phone running Android 4.4 and an NFC chip, with an active internet connection to work

Sep 12 2016

Earnings by Industry 2016 in Australia

Australian Average Wages by Industry 2016 Figures issued by the Australian Bureau of Statistics, show the following Average Annual Earnings for Males over 15 year of age, for Full Time Adult Total Earnings, including overtime and penalty rates. This chart shows the average for May 2016 $144,570 Mining $ 78,281 Manufacturing $101,577 Electricity, Gas, Water …

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Aug 24 2016

Price of Eggs in Australia

Cost of 12 Eggs in Australia
The prices vary depending on Cage or Free Range, and between the choice of shop.
It also varies on the size of eggs, 600gm, 700gm and 800gm being the most common.
The following prices are for the 700gm eggs:

Aug 23 2016

Swap n Go 8.5kg Gas Cylinder

Swap n Go 8.5kg or 9kg Gas Cylinder
The confusion between whether a BBQ Gas bottle is 8.5 or 9 kg is easily sorted out:
The actual fill capacity of a 9kg BBQ Gas bottle is 8.5kg

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