News

Is a Transition to Retirement Pension still viable?

From 1 July 2017, income generated from assets supporting transition to retirement (TTR) pensions will no longer be tax free. Instead, income and realised capital gains generated by assets supporting a TTR pension will be taxed at 15%, which is the same rate that applies to accumulation accounts. Key messages The removal of the tax exemption on earnings ...
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Super reform myths

There are a lot of urban myths floating around in relation to the super changes, particularly regarding TTR Pensions, the $1.6m transfer balance cap, CGT relief and the ability to make last minute contributions before the caps drop on 1 July. The following article by Graeme Colley dispels ten of the myths and misunderstandings that have ...
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2017 Budget – Implications for Investors

With investors still working through the wide-reaching and complex superannuation changes from last year’s Budget, the minimal changes this year provide a welcome relief. The main change impacting superannuation involves allowing people aged 65 and over to downsize their home and add the proceeds to superannuation, a First Home Super Saver Scheme and the rounding up ...
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Are you ready for the Super changes?

The clock is ticking and there is now less than 8 weeks until the new super changes take effect. Some of the issues to be aware of include: Making before-tax contributions Right now the total amount you can contribute to your superannuation before tax, is capped at: $35,000 per year if you are aged 50 or over. $30,000 per ...
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US Election – Implications for Investors

After a long and difficult campaign Donald Trump has been elected president of the United States with the Republican Party retaining control of the House, and the Senate, in Congress. Just as we saw with the Brexit vote, the combination of rising inequality, stagnant middle incomes and the disenchantment of white non-college educated males has ...
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Changes to Budget super reforms announced

After much debate and public pressure, the treasurer has announced some important changes to the 2016 Budget super reforms. The major changes are: The $500,000 lifetime cap for non-concessional contributions (NCCs) will be replaced with an annual $100,000 non-concessional contributions cap. The current NCC cap carry forward provisions will continue for those under age 65, allowing members ...
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Market Update – June 2016 Quarter

Overview Much of the recent market news has been dominated by ‘Brexit’ and what it all means. Since June, markets have recovered, however the long term implications for the UK, and more broadly the EU, are unclear. Global equity and bond markets completed a quarter of generally solid returns despite the late quarter uncertainty generated by the ...
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Uncertainty with Superannuation Changes

Instead of clarifying the likely future rules governing new super investment, the 2016 federal election has potentially created massive uncertainty, especially for older Australians wanting to build their retirement assets. The fate of the budget proposals is now in the lap of the gods or, more accurately, the independent senators. Potentially the greatest uncertainty surrounds the ...
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Election Implications

The Australian Federal election has delivered a messy result and the Coalition will face a difficult Senate meaning that it will find it difficult to pass some key aspects of this year’s Federal Budget including some of its superannuation changes. The risk is that we will see a further slippage in the budget outlook – with ...
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Brexit and Australia

Financial markets initially reacted in a knee-jerk manner following the Brexit vote and money went into ‘safe havens’ assets such as cash, government bonds and gold. However, markets have since calmed, leaving investors to digest what it all means. Where to from here? Once it ratifies the Brexit and invokes article 50 of the Lisbon Treaty, the ...
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