11 tax facts about superannuation

Compared to other investment structures, super is widely considered to be one of the most tax-effective investment structures available from a wealth accumulation and cash flow generation perspective. Although not a comprehensive list, below are 11 of the top tax facts about super. Please note: Each tax fact isn’t covered in detail (only a brief snapshot…

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Market Wrap

Stocks continue to ignore bonds Global shares rose 1.8% and 4% in hedged and unhedged terms, respectively. Growth stocks outperforming following strong earnings results by tech companies such as Alphabet (owner of the Google search engine). Australian shares underperformed global shares, rising 1.1% in July. The leading sectors were materials (up 7.1%) buoyed by higher…

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Tax tips and tax return checklist 2020/21

To help you complete your tax return, especially if you’ve been working from home , thischecklist outlines income and expenses you need to disclose to the Australian Taxation Office(ATO) when lodging your return. We’ve also provided an overview of the types of tax off sets anddeductions you may be entitled to claim plus other handy…

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How will the Federal Budget affect you?

During this year’s Federal Budget announcement Treasurer Josh Frydenberg stated“Australia is back!”. The Budget proposes positive changes to superannuation, an extensionof the low and middle income tax offsets and a boost to aged care services. SummaryWe’ve summarised some of the key points from the Budget below but, remember, these are subject tothe passing of legislation:•…

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Market Wrap

Vaccination rollouts en masse Global shares fell 0.8% and 0.4% in hedged and unhedged terms, respectively. Global equities were influenced in part by volatility in US markets. Sizeable retail-initiated positioning in certain small stocks triggered de-leveraging (selling positions) by investors and contributed to broader market weakness. In addition, concerns additional stimulus would not be forthcoming…

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Staying cyber safe this year

With the increased activity online – be it due to working from home, home schooling, or simply because we have found a great availability of engaging and interesting content and streaming services, we are online a lot more and need to consider if we are adhering to safe cyber practices at home. This means having…

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The financial impact of a furry friend

There are over 29 million pets in Australia with approximately 61% of households owning one of these 29 million pets. Of that 61%, most are dog owners at 40%, followed by cat owners at 27%. In 2019, over 60% of dog and cat owners considered their pet as a member of their family1[1] – which…

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Market Wrap

Vaccine hopes surged Global shares rose 7.7% and 12.2% in hedged and unhedged terms, respectively. Global equities were led on the upside by European equities with the German market up 15% and the French rising 20.1%, both in local currency terms. Positive vaccine trial results from the likes of Moderna and Pfizer were the major…

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