Knowledge Centre

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.

Three Generation Family At Beach

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.

Seeds of Growth

2014 could be another good year for equities
Global stock markets had another stellar year in 2013 as the S&P 500 Index notched record after record. Investors are likely to remain well disposed to equities in 2014 due to the same underlying reason – the prospect of sustained economic progress in the US.

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Scamwatch: Weight loss scams
Scammers are constantly coming up with new ways to try and trick people out of their money. Just in time for the New Year, scammers are currently taking advantage of people intending to lose weight. The Australian Competition & Consumer Commission (ACCC) warns that these scams operate by offering a new product, a revolutionary new diet, or a fat reducing device.

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Deeming rates reduce
Deeming rates are used to assess income from financial investments for social security purposes. Deeming assumes that financial investments earn a certain rate of income, regardless of the actual amount of income received. If you earn more than these rates, the extra income is not assessed.