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 …
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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 …
By Terry Platirahos Cars are a must have in today’s day and age. However they do come with many expenses from choosing the desired car to registration fees, insurance, CTP, servicing and increased petrol prices. All these factors above mean a hefty price however there are ways to lower the cost for some of the …
Approximately 40% of households have a pet dog and 25% have a pet cat. There is some overlap but it’s likely that at least half of all households have some kind of pet when you include birds, fish, rabbits and other animals. Initial Costs Some pets like designer doodle dogs cost thousands of dollars but …
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 …
Today is Valentines Day and in the spirt of love Netflix has recently released 2 shows about scammers. Becoming Anna is the story of a young girl who convinced many people in New York that she was a wealthy Heiress in order to obtain a free food, hotels and luxury yacht and private jet rides. …