As usual, there is more tinkering with Superannuation. A new tax has been proposed in a Government consultation paper released on 3 October 2023. The tax would apply from 1…
We ask clients to put away money for retirement, effectively locking up capital for many years. It is a sacrifice and at times we need to remind ourselves if it…
A cornerstone of superannuation law is the term “Sole Purpose Test”. As the name implies, expenditure (and payments) by superannuation funds must be in respect of enabling members to save…
A number of unlisted property funds have begun limiting withdrawals. The rise in interest rates, together with the continuation of the working from home phenomenon, means property valuations are under…
We mentioned in the last newsletter the insidious nature of “bracket creep”. This occurs as wage rises take taxpayers into higher taxation brackets. If these brackets are not adjusted, workers…
As advisers we often discuss insurance needs with our clients as it is the most important foundation of any financial plan. However we are sometimes surprised at the negative views…
Inflation has reared its head in 2022 and continues to remain a concern for 2023. Inflation is a measure of the rate at which the general level of prices for…
Common sense tells us that if everyone is able to borrow a lot of money with very low interest rates, there will be fierce competition for scarce assets. So, as…
According to a recent article in the Australian Financial Review, at least 11,000 Australians have more than $5 million in superannuation. This is estimated to cost the federal budget around…