Michelle Bowes

Working in London, New York or other global financial centres is a rite of passage for many local executives, but one that will soon come with a tax penalty.

The sudden policy shift comes despite federal Labor declaring just last May that it had no intention of banning the super borrowing arrangement.

Jim Chalmers and Anthony Albanese have bowed to pressure on key budget measures. Here are the key changes explained.

With harsher tax rules looming elsewhere under the proposed budget changes, superannuation stands out as the ultimate place to build wealth.

Setting up an SMSF and using it to buy a residential investment property got a big boost in the budget. But it’s not without complexities and risks.

Abandoning local tax liability requires severing deep lifestyle roots and carries steep financial risks for domestic investments.

A return to the pre-1999 inflation-adjusted capital gains tax discount model may not lead to intergenerational equity improvements the government desires.

Without some heavy lifting, even those on high pay are unlikely to hit $2 million in super by 67, the level needed for a luxurious post-work lifestyle.

I wasn’t impressed when I boarded this flight. Here’s how the premium economy experience changed that.

Operation Epic Fury in Iran shows no signs of letting up. The hostilities are causing many Australian expats to return home, where a financial shock may await them.