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In ecommerce, retailers get their pre-Christmas run in until the cut off. Before Christmas even happens, they will kick off their post-Christmas / Boxing Day sales.

For retailers, Christmas is effectively over once the pre-Christmas delivery cut off past.

“We always try to err on the side of being a bit conservative and once we are no longer confident gifts will get there by Christmas, we start our sale.” — Kate Morris, founder of Adore Beauty

Boxing Day sales

With more than $25 million turn over annually, many expect trade at the retailer to be strong during the sale.

As Australia’s biggest retail body predict, shoppers will show up around the country for Boxing Day sales. With pretty good deals and offers, people do spend more money at this time.

Although sales will start before Christmas, expects Boxing Day to be busy for online trade.

There’s been a shift towards online and mobile shopping as Australia’s changing Boxing Day shopping habits. Some people still like to run through the doors on Boxing Day morning though.

To avoid stress, Australians look for the best deals before Boxing Day, so expect to see sales appear even before the day itself.

With major retail chains, sales are not limited to online. Although, the big retailers are holding out until Boxing Day.

Holding firm

The Australian Retailers Association (ARA) expects the Boxing Day sales and the post-Christmas period to be strong.

“Boxing Day is still a very important point in the retail calendar and I suppose some try and get the competitive advantage by going earlier but the majority try and keep their margin as long as they can,” — Russell Zimmerman, ARA head

Although, also consider a chance of retail fatigue as most customers are already done with their Christmas shopping.

Quick loans in Australia

In case you find your cash won’t suffice to the upcoming sales, you can apply for quick loans online in Australia.

Cigno Loans can help you apply for quick loans — which can be repaid over a lesser time period.

The online application makes the process fast and simple. Hence, fast turnaround time and approval for borrowers with urgent needs.

With Cigno, get up to $1,000 paid directly into your account.

Apply now!

What is micro-investing?

With micro-investing, you invest small amounts of money to build an investment balance. If you constantly make small contributions over time, you can earn more — more than if your money is in a savings account.

Say, with your debit card, you purchase something for $4.70. The total purchase amount is $5 as it’s rounded up. The 30 cents goes into your investment fund — small amounts that add up to a considerable investment balance over time.

What you can also do is to set up a regular recurring investment or deposit lump sums into your investment fund. These are then invested into a portfolio of shares or low-cost exchange traded funds (ETFs).

You can monitor your account balance through apps or online.

There are fees involved in micro-investment namely brokerage fees, subscription or management fees, cancellation fees, withdraw fees, transaction fees, and account opening fees, among others.

Micro-investing in Australia?

Micro-investing is still quite new in Australia. There are some spare change apps now for Aussies, which let them invest small amounts at a time into the stock market. Check these apps below.

Raiz Invest

Raiz Invest helps you save & invest starting with virtual spare change from your everyday purchases and invest this into a diversified portfolio of stocks and bonds. You can easily get started in minutes: anytime, anywhere.

FirstStep

Need help saving? FirstStep helps you automatically save and invest your loose change.

Features

• Open an account in minutes
• Set a goal and track your progress
• A professional investment account
• Build a personalised and invest in Tech, Ethical, Asia and Health trends
• Automatically invest loose change from everyday purchases
• Set recurring deposits as low as $5
• Check your account value from anywhere in the world
• Withdraw to your bank account at any time
• Automatic spend categorisation (Beta)
• Timely investment notifications
• Fast and friendly support via chat
• Tips and tricks to help you become a pro with money

CommSec Pocket

CommSec Pocket lets you invest anytime, anywhere, with as little as $50. Choose from seven themes to easily invest in something that appeals to you — like tech, sustainability leaders, or the biggest 200 companies on the Australian market.

Spaceship Voyager

Spaceship Voyager is an investment product designed to help you to invest and build wealth. There is no minimum investment and no fees on your first $5,000 invested. Spaceship Voyager makes investing simple, accessible and affordable for everyone.

Quick loans in Australia

In case you find your cash won’t suffice to cover the bills, you can apply for quick loans online in Australia.

With Cigno Loans, get up to $1,000 paid directly into your account.

The online application makes the process fast and simple. Hence, fast turnaround time and approval for borrowers with urgent needs.

Cigno can help you to apply for quick loans, which can be repaid over a lesser time period.

Apply now!

A salary sacrifice arrangement (salary packaging or total remuneration packaging) is an arrangement between employer and employee — the employee agrees to forgo part of his future entitlement to salary or wages. In return, the employer provides the employee with benefits of the same value.

Salary sacrifice reduces your taxable income and the amount of tax you pay.

Seek financial advice before entering into this arrangement as it’s effectiveness depends on your financial situation.

Note: Before you start the work, set up the arrangement with your employer. It may be ineffective if it’s not put into place until after you have performed the work.

Employer and employee’s agreement

You can renegotiate a salary sacrifice arrangement. Employees can renegotiate amounts of wages or salary to be sacrificed before the start of their renewable contract — subject to the terms of any employment contract or industrial agreement.

Your employment contract may vary depending on the agreement between you and your employer. Although it can be verbal, it’s better to have an agreement in writing. It’s hard to establish the facts of your salary sacrifice arrangement if it’s undocumented.

Salary sacrifice contributions are considered to be from the employer, who’s only required to meet 9.5% super guarantee obligation.

If you choose to salary sacrifice 5% into your super, your employer would only have to contribute 4.5%. Although, if you choose 9.5% or more into your super, your employer would not be required to make any additional contributions.

The terms of the agreement should be in place to ensure your employer still pays you the 9.5% super guarantee.

Benefits provided in salary sacrifice arrangements

Generally, the types of benefits provided in salary sacrifice arrangements by employers include:

• Fringe benefits — cars, property, expense payments
• Exempt benefits — a briefcase, a portable electronic device, a tool of trade, and other work-related items
• Super — salary sacrificed super contributions (taxed at 15%) are considered as employer super contributions. This reduces the superannuation to be paid by your employer when meeting their super obligations.

Implications of a salary sacrifice arrangement

Be mindful of the implications of the salary sacrifice arrangement on you and your employer. This may affect the following:

• Super guarantee — your employer is required to only meet their 9.5% super guarantee obligation.
• Assessable income — less income tax liability for you
• Fringe benefits tax — your employer should pay the fringe benefits tax.
• Deductible expense — your employer will not have to pay fringe benefits tax (FBT) if they pay for an expense, which you would normally get a tax deduction for.
• Super — your earnings base may be reduced.
• Reportable fringe benefits — you will need to show this amount on your tax return.

Quick loans from Cigno

If you’re under a salary sacrifice arrangement, your income may not suffice for now. You may find your cash won’t suffice to cover the bills.

You can apply for quick loans online in Australia.

With Cigno Loans, you can get up to $1000 paid directly into your account. The online application makes the process fast and simple. Hence, fast turnaround time and approval for borrowers with urgent needs.

Compared with competitors, Cigno can help you to apply for quick loans, which can be repaid over a lesser time period.