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Charity Donations A Great Way To Reduce The Tax Bill
Most people don’t realise this but donating to a charity is a fairly quick and easy way to reduce one’s tax bill.
In Australia, tax payers have the ability to lower their tax burden by giving a charitable donation of $2 or more to an approved charity. There is no defined upper limit on the size of the donation and resulting tax reduction, but a charitable donation must not be used to create a tax loss.
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Suncorp Doubles Size Of New RMBS Issue Due To Investor Demand
Banc-assurance group Suncorp-Metway is returning the residential mortgage backed securities market, in a further sign of growing confidence, pricing a $1 billion issue, after investor demand forced the company to double the size the original issue from $500 million.
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Westpac To Up The Ante In War For Australian Term Deposits
After a brief respite in the war for depositors, Westpac chief executive Gail Kelly is upping the ante amongst the big four lenders, by saying that Westpac intends to increase its reliance on deposit based funding for the year.
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NAB Low Business Banking Fees Still Struggling To Make Impression
Despite making a concerted effort to break into and achieve dominance in the business banking segment, Australian banking major National Australia Bank is the least popular of the Big Four banking groups, amongst business customers.
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Citibank Emirates Card Very Compelling Balance Transfer And Frequent Flyer Program
Global banking giant Citibank is currently running an extremely compelling offer on their Citibank Emirates card.
The Citbank card has a great deal on balance transfers, with a rough annual interest rate of 2.9 per cent, and perhaps the best feature is that card holders earn 3 Skyward Miles, which is the Emirates Airlines frequent flyer program for every $1 spent (normally is just 1.5 miles per dollar spent).
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Moody’s Says Outlook For Australian Building Societies Stable
Moody’s Investor Service the global credit ratings agency has reaffirmed the stable outlook for Australian building societies, as their depositor base continues to improve, and the Australian economic recovery remains solid.
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Suncorp Outlines Cost Savings Plan
Banc-assurance company Suncorp-Metway says that it intends to improve its general insurance underlying profit margin by at least 3 per cent over the next couple of years as it seeks to simplify the structure of the business.
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ANZ May Spend As Much As $5 Billion on Asian Acquisitions
Australian banking major ANZ says it is entering perhaps the most important stage of its regional expansion strategy, and may spend more than $5 billion on strategic acquisition stakes in the two Asian based bank’s that it is currently looking at.
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Higher Interest Rates Take Their Toll On Australian Home Loan Demand
According to new data published by the Australian Bureau of Statistics, higher interest rates have made a negative impact on the appetite of Australians seeking home loans.
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Australian Housing Affordability At Record Low Levels
Australian housing is becoming increasingly unaffordable, as house prices continue to surge, and interest rates maintain their upward march.
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