The BEST tax calculator & how to use it for planning your New Financial Year

tax calculator

I think this is the BEST tax calculator around! It’s so easy to use AND is up to date with the latest percentages.

Have you ever wanted to know:

  1. how much a base wage/salary is as a take-home pay weekly, fortnightly or monthly?
  2. updated tax brackets for this year or previous years?
  3. what the difference in taxes will be if you were to salary sacrifice?
  4. how much superannuation your employer will pay?
  5. The real difference between a pay rise or a job offer?

Read more

Networth Quarterly Update – June 2021

Networth June 2021

It is the end of the financial year for Australians and I’m closing my first year calculating our Networth in this format each quarter.

I moved some last-minute dollars into my super fund to get as much in for tax benefits relating to the carry forward concessional contributions. I have been worried about how we are going and I gotta admit I would like to be having the choice to work or not from now. I am grateful I have a job however I am bored and feel so restricted. Sometimes I wonder if I could give up working and then I recall my WHY and know if I give up now, I will worry about money for the rest of my life. So I will carry on!

Read more