When a person is no longer able to continue living independently in their own home they may need to move into a residential aged care facility or require assistance to remain living in their own home.
Read MoreSuperannuation is a tax advantaged way of saving for retirement and makes up two of the three “pillars” of the Government’s retirement income policy. The three pillars are:
Read MoreThe age pension is income support paid by the government with the aim of ensuring all retirees have a minimum level of retirement income.
Read MoreEstate planning can be complicated for both financial advisers and clients due to legal complexities, financial considerations, and family dynamics just to name a few.
Read MoreAs the tax operates at a member level, assessments of the tax will be issued to the member and not to the super fund. The member can either pay the assessed tax personally or have the tax paid by their super fund on their behalf (with the super fund debiting the member’s account with the payment). The operation of the new tax will be very similar to the current operation of Division 293. Consequently, the ATO will initiate the tax assessments, the member will not be required to lodge any returns in relation to the tax.
Read MoreFollowing the announcement of the latest Federal Budget, please find below a summary of items that may affect you and your financial position. Surprisingly, and for a pleasant change, this years' budget included relatively few measures impacting superannuation.
Read MoreRecent Chinese policy announcements have been decidedly market-friendly with the ending of a two-year ban on Australian coal imports, easing up on tech giants and dialling back the stringent “three red lines” that exacerbated a property meltdown. In response, Hong Kong and Chinese mainland equity indices have been among the best performing markets since November last year. The question now is whether this clear shift in policy is likely to fuel a sustained recovery, or should investors remain cautious about conditions in China?
Read MoreInvesting on behalf of your children can give them a great financial head start in life. The earlier you begin, the higher the potential financial rewards for them in the long term.
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South Australia’s Business Innovation and Investment Program (BIIP) is now open for the 2022-23 program year. The Business Migration program seeks to attract high quality business owners, investors and entrepreneurs who can create genuine and sustainable business opportunities in South Australia, including in the regions, that benefit the State’s economy, local businesses and the workforce.
The Australian Prudential Regulation Authority expects that by now every superannuation fund in Australia should have formulated and published a retirement income strategy. The overarching themes of personalisation and the need for advice shine through some of the more progressive funds’ strategies. Why? No single Australian’s retirement is the same—the notion of the “average” client simply doesn’t exist.
Read MoreThe clean energy and electric vehicle (EV) industries have received a major boost after Joe Biden signed into law a United States climate and tax package that unlocks US$369 billion in funding for renewable energy projects. The package, which is part of the Inflation Reduction Act of 2022, contains a number of funding provisions and support designed to spur innovation in, and adoption of, renewable energy in the United States, often viewed as a laggard on climate change.
Read MoreRecent updates to the Federal Budget have favourably impacted contribution rules for superannuation, which come into effect from 1 July 2022, as part the implementation of the Federal Government’s superannuation reform.
Read MoreUnderstanding different types of investments or ‘asset classes’, and their characteristics is important when you’re deciding how to meet your investment goals in your desired timeframe. Here is an overview of the different types of investments available, and how to get exposure to them. Let’s start by looking at investment from a broad perspective.
Read MoreTreasurer Josh Frydenberg delivered the 2021-22 federal budget on Tuesday evening, March 29, outlining a number of key measures.The Treasurer revealed a $78 billion deficit (3.4 per cent of GDP), down from a $79.8 billion deficit the year before. "Over the next three years, this will more than halve to 1.6 per cent," he said. He confirmed that net debt as a share of the economy will peak at 33.1 per cent at 30 June 2026, significantly lower than the forecast last year.
Read MoreWhat are COVID-19 re-contributions? They are superannuation contributions which are a return to the superannuation system of a COVID-19 release amount. They are new personal superannuation contributions which have been identified by you as being COVID-19 re-contributions.
Read MorePrior to Russia invasion, Gold and its miners had been among the best performing assets so far in 2022. That performance has continued following the invasion as investors seek safe haven assets. On the 7th March, the gold price shot above US$2,000 for the first time since August 2020 after the US said it might ban Russian oil exports, which would put upward pressure on already high inflation and potentially slow economic growth.
Read MoreGlobal economic growth picked up in the second half of 2021 following the lifting of mobility restrictions, and is forecast to remain above trend in 2022. The rapid spread of the Omicron variant of COVID-19 has been disruptive but is not anticipated to have a large or sustained impact on growth. Inflation in many countries has persisted at multi-year highs and has broadened in scope. Central banks in advanced economies still expect inflation to moderate, but have raised their inflation forecasts for 2022 and have emphasised the considerable uncertainty surrounding this outlook.
Read MoreRead to learn more about what’s happening both locally and globally in the world of finance. In what has been a volatile 24 months, as the world tries to break free of COVID-19, its important to stay aware of the latest market movements and trends.
Read MoreDid you know you can invest into portfolio of companies that have created and are creating products and services that enable the user, amongst other green initiatives, to reduce or eliminate direct emissions through an Exchange Traded Fund (ETF).
Read MoreThe 2021 Budget can be summarised in one line – as a great budget for superannuation. The Budget sets out major beneficial changes for superannuation covering both contributions, legacy superannuation products, first home super saver scheme and residency issues for SMSFs.
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