The major changes that started on 1 July are: Additional 15% tax on Superannuation balances above $3 million. Transfer balance cap for new Pension Accounts increased to $2.1m. Concessional (Tax deductible) Superannuation Contributions limit increases to $32,500. Non-concessional limit increases to $130,000. All Ordinaries (Australian Shares) Index – 12 months to 1 July 2026 Market …
Author Archives: Nigel Janson
There has been a lot of reaction to the budget that was presented on Tuesday 12 May. Most of the big changes were already announced previously but until they are legislated, we can’t be sure exactly what the new rules will be: New negative gearing arrangements will be restricted. Capital Gains Tax (CGT) will revert …
Market Movements The market has recovered all of the losses incurred from Trump’s tariff announcement in April. The reason given for this is that traders believe that Trump always chickens out – he reverses his position when the level of negative feedback becomes too great. He has deferred implementation of some tariffs until 1 August …
Market returns to 30 June 2024 6 Mths 1 Year 3 Years 5 Years 10 Years NJ Retirement Fund 6.49% 13.77% 5.53% 7.39% 8.41% Australian Shares 4.22% 12.47% 6.11% 7.26% 8.06% International Shares 14.37% 19.86% 11.17% 12.89% 13.0% Listed Property 10.17% 24.57% 5.74% 4.38% 8.91% Aust Fixed Interest 0.18% 3.67% -1.98% -0.60% 2.19% Intn’l Fixed …
Market returns to 30 June 2023 All Ordinaries Index Market Commentary The Australian Sharemarket fell sharply 3 times during the last 12 months but the overall performance for the year was very good. Investment markets are always unpredictable and volatility has been high in the last few months. It’s not easy for investors but patience …
Market returns to 31 January 2023 All Ordinaries Index Market Update The market has risen strongly over the last 4 months and is now back to where it was in April last year. The reasons for the improvement are expectations that: The Chinese economy will recover now that they have removed Covid restrictions. The rate …
Investment Returns to 30 June All Ordinaries IndexMarket Update It was a bad quarter for all investment markets. The share market and bond market both fell sharply in May when the Reserve Bank of Australia (RBA) started increasing the official interest rate. Increases in rates by themselves cause financial models to show lower valuations for …
Market Returns to 31 January: The Australian Sharemarket fell by 10% during January and other investment markets suffered similar falls. Investment are always unpredictable but volatility has been higher in the last few months. The reasons for the falls are broadly: Inflation Global inflation has increased dramatically due to supply chain disruptions. Australia has not …
The press has been filled with stories about the fate of the second largest Chinese property developer. Most of those stories have missed the point. This company has already gone bust. The only question is about who will pay to cover the losses. According to their balance sheet the Chinese property developer owes: Borrowings (banks …
Sydney and the surrounding area (Blue Mountains, Central Coast & Wollongong) went in to lockdown on Saturday 26 June. This lockdown was scheduled to end at midnight on Friday 9 July and has been extended to 16 July. However given that the number of new cases each day is not reducing it could be extended …