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Showing posts with the label financial tips

Tax Deductions You’re Probably Missing as an Aussie

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Tax Deductions You’re Probably Missing as an Aussie Tax time in Australia can feel overwhelming, but it’s also a golden opportunity to legally claim back money you're entitled to. Many Aussies miss out on deductions every year simply because they don’t know they exist. 💼 Commonly Missed Tax Deductions in 2025 Working From Home Expenses: Claim electricity, internet, and a portion of your rent or mortgage (if applicable). Union Fees and Subscriptions: Professional memberships related to your job are deductible. Tools & Equipment: If you use them for work, you can claim depreciation or outright cost. Self-Education: Courses that directly relate to your income can be claimed. Mobile Phone Use: Partial deduction based on work-related usage. 🔍 How to Track These Deductions Use tools like MYOB or Hnry to automatically track eligible deductions and generate reports for your accountant or the ATO. 🧾 Claiming Tips Keep digital receipts and log usa...

Top 5 High-Yield Savings Accounts in Australia 2025

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Top 5 High-Yield Savings Accounts in Australia 2025 Saving money shouldn’t just be about setting funds aside—it should also be about making your money work for you. In 2025, Australians have access to high-yield savings accounts that offer impressive interest rates, zero monthly fees, and digital tools to help you grow your savings faster. Whether you’re saving for a house deposit, emergency fund, or just looking to beat inflation, these accounts can help you reach your goals. 1. ING Savings Maximiser Interest Rate: Up to 5.50% p.a.* Conditions: Monthly deposit of $1,000 + 5 transactions Pros: Great mobile app, no monthly fees Cons: Conditions required to unlock top rate 2. Macquarie Bank Savings Account Interest Rate: 5.35% p.a. Conditions: No hoops to jump through Pros: Competitive rate with no strings attached Cons: Online-only experience 3. ubank Save Account Interest Rate: Up to 5.10% p.a. Conditions: Deposit $200/month and mak...