Budget Highlights 2018 The Australian Government announced its Budget for the coming year on Tuesday 8 May 2018 (with implications for the ‘forward estimates period’ and beyond), heralding it as ‘A budget to strengthen the economy, create jobs and guarantee essential services while ensuring the Australian Government lives within its means…’. Some highlight features of the Budget are that it – delivers personal income tax cuts,extends/ provides incentives for small [...]
Each year after the Federal Treasurer brings down the government’s budget (or at least its aspirations of such) for the ensuing year, we summarise highlights for the benefit of our readers1. ContinuumFP’s Budget Highlights 2017 focuses on the usual key areas of Taxation, Superannuation and Social Security (Centrelink); and this year, Housing (Affordability) merits a mention. On 9 May 2017 (at 7:30 pm), Scott Morrison (Federal Treasurer) presented the Budget under [...]
Investment Strategy generally The development of an SMSF Investment Strategy is as important a process to the members of an SMSF as is an investment strategy to any investor. Whether in relation to superannuation or non-superannuation investing, investors use this process to consider all of the elements that influence successful investing. In the case of the SMSF however, the significance takes on an added dimension – the legal obligation of the trustees [...]
- from minimum pension drawdown... Does your minimum pension drawdown give rise to surplus cashflow? Have you thought about investing surplus cashflow arising from your pension drawdown? Investing surplus cashflow is most typically a dilemma for self-funding retirees whose pensions accounts provide pension benefits in excess of their lifestyle needs. In response, they seek advice about how best to use those funds effectively (rather than ‘wastefully’). One particular strategy for investing surplus cashflow has been a [...]
Are there benefits to holding Life Insurance within Superannuation? It is widely considered that holding certain types of Life Insurance within Superannuation is acceptable practice. For some people, this is the only personal risk protection they have. The types of insurance typically allowed is restricted to policies that provide benefits that accord with the purpose of the superannuation system. The most common life insurance carried within superannuation, are 'term life'; TPD; and income protection [...]