The Independent Adviser

Superannuation

Investing lessons from the election

Few companies or investors expected the recent Coalition Federal election win but many were apprehensive about Labor’s proposed changes.  So anxiety about franking credits, capital gains tax and superannuation policy stability has now eased.  What does the next 3 years now hold for investors? The election result reinforced some investing...

Compare the pear… apples and oranges

What’s in a name? Industry and retail superannuation funds usually offer multi asset ‘balanced’ or ‘growth’ oriented investment options, which become their ‘flagship/default’ funds. But what does it really mean to be ‘balanced’? Are are all ‘balanced’ funds the same? The term ‘balanced fund’ originally meant a balance between defensive...

New Default Super Possibility?

In the third part of the Productivity Commission’s examination following the ‘Murray’ Financial System Inquiry, they reported this week on the efficiency and competitiveness of our super system and proposed a new default super model. They found two fundamental flaws working against member interests. Many people have unintended multiple accounts...

Franking on the Chopping Block

If it wins government, Federal Labor proposes to discontinue refunding cash for unused franking tax credits that can arise from Australian share dividends. Though we value public amenity, giving up tax benefits is generally unwelcome. So, we thought it would be helpful to put the proposal in perspective and cast...

Downsizer Super Contribution

Are you over age 65, thinking of a smaller home and interested in releasing some of the capital tied up in your home – perhaps you should consider the downsizer super contribution strategy to boost your super and retirement income? In the recent superannuation changes, two were delayed until 1st...

Beyond the Super Pension Limit

Now superannuation pensions are limited to $1.6million, the appeal of a family trust has increased. Perhaps the government need not have also limited super contributions and instead allowed people find their own path towards the overall pension limit… (but grumbling doesn’t help). Family trusts don’t yet have the network of...

Superannuation Reforms Now Agreed

The government’s new superannuation reforms are the largest superannuation changes since 2007.  The legislation giving effect to these reforms has now passed both houses of Parliament.  Now superannuants and their advisers can more confidently plan around the implications arising from these changes. From 1st July 2017 this law will: Prevent...

Superannuation Legislation Released

On September 27th 2016, the Government released more draft legislation implementing some of the superannuation changes announced in its 2016 Federal Budget. Many of these will apply from 1st July 2017, so you could start thinking about how these changes will impact your superannuation and whether you might need to...

Your Age Pension is at risk

Are you among the 325,000 Australians affected? Many changes to superannuation were proposed in the recent federal budget but none are more likely to have an impact than the proposed changes to the Centrelink Age Pension. The changes are due to come into effect on 1st January 2017. These changes...