The Government’s pre-election budget was brought down in early April. Thankfully, there were no significant changes to the rules around superannuation and family structures and this appears to be the commitment coming from both the major parties in the run up to the Federal election. The only announcement of note was the extension of the… [Read More]
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Market Update – What Lies Ahead
Australia’s battle with the COVID-19 health crisis has been remarkable, we are truly the lucky country having flattened the curve to the point where there are only a handful of new cases per day. However, the war has only just begun with the real fight ahead being to kickstart the economy, with the lingering threat of spikes in infection… [Read More]
The Bottom of the Property Market?
Over the last couple of years, the residential property market has faced several headwinds such as curbs on bank lending as a result of APRA restrictions and the Banking Royal Commission. The picture today is very different. After the biggest house price correction in 30 years, the government and regulators are now all in sync… [Read More]
Impact of the Banking Royal Commission on SMSFs
SMSFs were explicitly excluded from the Banking Royal Commission terms of reference, but there are still implications for the sector. I have outlined a summary and some comments on some of the key recommendations below. Recommendation 2.1 – Annual renewal and payment Ongoing fee arrangements must be renewed annually by the client in writing outlining… [Read More]
Your most valuable asset
It’s easy to fall into the trap of getting caught up in the day to day noise of modern life. When someone asks, “how are you?”… is your response a simple “really busy” and not much else? Time is our most valuable asset. Without it, we miss out on the best experiences in life. Most importantly,… [Read More]
DOWNLOAD: Maximise your SMSF Guide
There is a lot to think about when you have a Self-Managed Superfund (SMSF). An SMSF offers people greater control, better transparency, more choice of investments and greater flexibility with their super. However, it is important to understand that with this greater control comes an increased responsibility as an SMSF trustee. As a result, we… [Read More]