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(FHSS) First Home Super Saver maximum releasable amount increased

(FHSS) First Home Super Saver maximum releasable amount increased

by Team Garnet | Apr 13, 2022 | Investments, Money, Superannuation

The maximum amount that first home buyers can take out of their super under the FHSS scheme will be increased to $50,000 from 1 July 2022. Cost of living pressures coupled with high house prices means that many people in Australia are finding it increasingly difficult...
Budget 2022: what’s in it for businesses?

Budget 2022: what’s in it for businesses?

by Team Garnet | Apr 7, 2022 | Business Structures, Money, Small Business, Tax News

The 2022 Federal Budget has been handed down with some sweeteners for small businesses. On Tuesday, 29 March 2022, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget, his 4th Budget. In an election Budget, the Treasurer announced a range of measures...
Super guarantee minimum threshold removed

Super guarantee minimum threshold removed

by Team Garnet | Mar 31, 2022 | Money, Small Business, Superannuation

From 1 July 2022, the minimum threshold at which an employer has to pay super under the super guarantee scheme will be removed. How will it benefit you? Low-income employees should rejoice that the minimum threshold at which an employer has to pay super under the...
I started a No Spend Challenge to have a spending free month – why?

I started a No Spend Challenge to have a spending free month – why?

by Team Garnet | Feb 17, 2022 | Garnet Business Services, Money

When I decided to do a No Spend Challenge for all of February, I signed up on a whim. Literally, the day before the start of the month. Why? To set myself up to fail? Or to set myself more of a challenge? Or just because I love to do things on the fly? Maybe a...
Have you ever tried a No Spend Challenge?

Have you ever tried a No Spend Challenge?

by Team Garnet | Feb 4, 2022 | Garnet Business Services, Money

This February 1st, I embarked on a “No Spend Challenge” for the month. 🚫 That meant consciously considering where my energy and money flows for travel, work & family. 💫 I also decided to be Intentional about all aspects of life. ✨ Yes, I chose a...

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