Knowledge Centre

Seeds of Growth

High euro could herald bold steps

Search around Europe and encouraging signs emerge amid the immense unemployment and political agitation. The eurozone economy is growing (just), government deficits on average are on target and bailed-out countries such as Greece and Portugal are selling bonds again.

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Deeming of account based pensions from 1 January 2015

From 1 January 2015, income from account based pensions (formerly known as allocated pensions) will be deemed under the social security income test. Deeming generally applies to financial investments such as bank accounts, term deposits and shares.

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What does the Federal Budget mean for you?

When Joe Hockey stood in front of parliament and spoke about “fixing the Budget together”, he confirmed that the 2014 Federal Budget was going to be a tough one for many Australians. Not surprisingly, most of the announcements related to spending cuts, as the Government seeks to return the Budget to surplus by 2018.

Seeds of Growth

EU elections are set to rattle Europe

Imagine if fringe political parties of the left and right were gaining sufficient support in different Australian states to win enough seats at a federal election to destabilise the House of Representatives. Imagine that these parties disagree on many social and economic issues.

Seeds of Growth

Australia’s most-welcome economic turnaround in a long, long time

Australia’s economy has grown for more than 22 years without interruption. The country can boast years of close to full employment and tame inflation. Government debt is low by international standards. As a result,

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End of year superannuation strategies

The lead up to the end of the financial year is a great time to review your financial situation and make some positive changes. Your financial adviser can discuss a number of strategies that may help to improve your financial position, including the potential to reduce your tax and take advantage of the concessional superannuation environment.

Seeds of Growth

Why the world needs to be wary of the Fed

Ben Bernanke in January presided over his last policy-setting meeting as chairman of the Federal Reserve. As expected, the policy-setting board decided to reduce the Fed’s monthly asset purchases by another US$10 billion from this month.

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There are a few legislative changes outlined below that may impact your financial situation including an update on the contributions cap, a Medicare levy increase and new figures on the cost of retirement living. Your financial adviser can assist you in determining whether these changes affect you.

Seeds of Growth

The tumbling Australian dollar

The Australian dollar has been accused of inflicting all sorts of economic ills as it traded above US$1 for most of the past three years.

People would be forgiven for thinking that the dollar’s drop from its post-float record high of US$1.10 in 2011 to below 90 US cents would be a big relief.

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There are a number of legislative changes outlined below that may impact your financial situation including amendments to; the net medical expenses tax, self-managed super fund assets and the late pension bonus scheme. Your financial adviser can assist you in determining whether these changes affect you.