While many will use their refund to help pay fast-rising bills, those who can afford it should consider putting it towards things that can help boost their long-term wealth. | OPINION by jcollett_money
Soaring costs of life’s basics, including higher mortgage interest rates and rents, mean this year’s tax refund will be more welcome than usual.
If your income exceeds $42,016, the co-contribution from the government reduces progressively and cuts out at $57,016. The amount that can be held inside super under the scheme increased from $30,000 to $50,000 on July 1.
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