June 1, 2016

Age Pension and 30 June

You are probably aware that there are significant changes to the Centrelink Age Pension Asset Test from 1st January 2017. Now is the time to start planning and making changes to give you the best outcome if you fear that you will lose all, or a significant part, of your pension. Some people will be better off in January but if you own your own home and your assets (excluding the home) are close to the following limits you may want to read further: Single $350,000                 Couple $470,000 It is important to know that if you lose your pension […]
May 31, 2016

Discipline matters, regardless of super policy

Voluntary super contributions are poised to become like New Year’s resolutions and lapsed gym memberships – well-meaning, but ultimately unrealised. Uncertainty combined with a distant time frame begets inertia.  As we close out the 2015-16 tax year and welcome in the new financial year with a double dissolution federal election, uncertainty is in generous supply when it comes to superannuation. The juxtaposition of the federal election timing and the end of the financial year means that some decisions – particularly on the tax planning front – cannot wait until the uncertainty clears. When it comes to the caps on super […]
May 26, 2016

The insidious side of low interest rates

Many investors might be worried about a low return environment – but something far worse than a sluggish economy may threaten your personal wealth. Amid low interest rates and volatile market conditions, criminals using fake investment schemes are an increasing risk to investors hungry for higher returns, according to a major report “Targeting Scams” released this week by the Australian Competition and Consumer Commission (ACCC). With many investors chasing the best yields they can get – particularly SMSFs in retirement, who are reliant on investment income – attractive, high yield opportunities can seem like a tempting avenue to get higher […]