This week the Government announced significant changes to the proposed superannuation reforms, providing clarity and certainty for clients around Superannuation. The big news is that the retrospective $500,000 lifetime non-concessional cap has been removed, which was one of the more controversial measures introduced in the budget. It seems like the package is being put could… [Read More]
Your Resources
What do rising interest rates mean for your investments?
Talk in Australia is still how much lower will interest rates go, but in the US things are very different! The talk on Wall Street is about the likelihood of another increase the US Federal Reserve funds rate as soon as September. This makes perfect sense given the continued underlying strength in the US jobs… [Read More]
Super Changes Q&A
With the election now decided it is likely the changes to superannuation put forward in the 2016 budget will be passed by Parliament. The volume and significance of the superannuation changes announced prompted questions from our clients, particularly with regards to the pension transfer cap and the lifetime non-concessional contributions limit. We discuss some of… [Read More]
Technology and investing: this time may be different
Article written by Hamish Douglass of Magellan Asset Management I am often reminded of the sage advice from Sir John Templeton: “The four most dangerous words in investing are ‘this time it’s different’.” As investors, I think we need to question whether we are entering a new technological and machine age over the next 10-25… [Read More]
Budget 2016: Is super still the best for retirement?
When we think of retirement planning we think of super. Super is huge. But is super the best way to build assets for retirement? Is there a better way? Has the 2016 Budget really changed the game? The answer, to get to the point quickly, is no, at least for most people. Under the proposed rule changes most people… [Read More]
How do the top 1% make their money?
An article in the SMH recently reported an analysis by the Melbourne Institute showed the top 0.1 per cent – a mere 18,750 people – took in 2.7 per cent of income in Australia, the highest take since the 1950s. The starting income for the top 1 per cent was $237,300 and on average each earned $438,100,… [Read More]