Dec 07
Congratulations to Groups 1 and 2 employees at NAB who will today receive a 4% increase to their pay, which members campaigned for and secured through your Enterprise Agreement. After weathering the storm of the GFC and bringing NAB to a succession of record-breaking profit years, you deserve a pay rise that keeps you above cost-of-living increases.
This year, you are also the only employees in any of the major banks who are receiving salary increases that aren’t tied to performance outcomes.
This is a huge win for FSU members at NAB and is a great time to reflect on how important it is to work together to achieve better pay and conditions in our industry.
A different story for Groups 3, 4 & Specialists
Unfortunately there is no similar result for members in Groups 3, 4 & Specialist roles.
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Tags: Groups
Dec 05
Many people are not aware of the extent to which the U.S. income tax laws will change next year if Congress does not move to make them permanent. This goes well beyond the much hyped payroll tax break. In fact, the $3,598 doesnt even factor in the increase if that provision fails to win extension!
To make the situation clear, a recent Yahoo! news story (Why Your Tax Bill Might Surge Next Year) profiles a fictional married couple, meant to portray the average tax paying family.
Bill and Joan Smith are 26 years old, married and have two young children.
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Tags: Income Tax, Tax
Dec 02
Connecticut the state with the highest income in the country recently received the highest tax hike in state history. The bill was signed into effect and raised taxes by $2.6 billion dollars. Not everyone was in support of this increase in taxes claiming that it isn’t fair to make residents pay for government spending. However those in support of the recent tax legislature see it as a solution to balancing the state’s deficit without using budgeting gimmicks and spotty financing methods to do so.
The stipulations of the Connecticut tax hike raises taxes on those with an income of 50,000 or more. It also raises the tax on luxury goods to 7% such as boats over $100,000 or clothing purchases of $1000 or more. Before the legislature was passed, the state already collected close to $5000 from each resident in taxes alone. In fact the state’s residents have the highest tax burden after New York and New Jersey.
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Tags: Ny Raises, Taxes
Dec 02
It’s hard to ignore Newt Gingrichs return from the dead as a viable Republican presidential candidate, but it is easy to take his second act with a grain of salt.
Labeled an also-ran presidential wannabe at the outset of the election season, Gingrich has emerged as the latest flavor-of-the-month in the GOPs White House sweepstakes.
But is Mitt Romneys camp nervous? Not so much, though it is retooling its strategy to target a candidate it had long ago written off as a legitimate threat.
At best, the Gingrich surge defines the race as a two-man contest between the former House speaker and perennial top-tier candidate Romney. It will not lead to Romneys demise.
Still, Gingrichs rising poll numbers and a recent endorsement from the conservative have helped him raise $4 million since Oct. 1, compared with a dismal $800,000 cash haul in the third quarter.
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Tags: Gingrich, Gingrich Derail
Nov 24
Over 50 per cent of the UK’s 25 – 30 year olds are either saving for a house or trying to pay off an existing mortgage, according to new research released from Aviva.
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Tags: Saving, Saving Serious
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