After falling into the quickest bear market in history, markets staged a partial recovery from the lows posted after their capitulation in March. Optimism followed announcements of record government spending to cushion the economic impact, the response has been far bigger and quicker than anything seen in the GFC, but questions remain about whether it will be enough. The next… [Read More]
Market Update – Reality Comes To Australia
It’s been a time in history we will never forget. Justifiably, markets have fallen into the quickest bear market in history. Yet unlike the GFC, the problem at hand is very clear, COVID-19. It is now up to the brightest minds in medical science who are collaborating around the world to develop treatments to ease the burden… [Read More]
Federal Government Superannuation Changes and Assistance
Over the weekend, there were several new initiatives released by the Federal Government that could impact you. An important one was a reduction in the minimum pension required to be drawn down in the 2019-20 financial year and the next financial year 2020-21. Effectively, retirees will be able to keep more of their superannuation nest… [Read More]
Ensuring your SMSF Investment Strategy is Compliant
Diversify or face a $4200 fine. That was the blunt warning contained in 17,000 letters to SMSF trustees from the tax office that has sparked widespread fear among superannuation trustees. The letter went to trustees of funds that have 90 percent or more of their retirement funds in a single asset class, such as property. … [Read More]
ATO alerts via SMS text or email for changes to SMSF information
The ATO has launched a new text message alert service from February 2020 for SMSF trustees. These messages are legitimate and are not scams. However, if you are unsure please check with us in the first instance. The most common reason the text message or email has been triggered is due to a change of… [Read More]
November Video Message from Rob Gilmour
In the update video for this month, I discuss what is driving equity markets to new all-time highs here and in the US. A trade deal is being priced in but there is is still a long way to go, while central banks around the world are pumping money into the system again. Closer to… [Read More]