by orange_office | Apr 13, 2023 | Weekly Updates
Super fund members rarely think about how the value of their account is calculated and whether it is accurate. They accept the figure online or in the annual report. Is it accurate? Super funds own different types of investments. Most are traded on a market, with...
by orange_office | Apr 4, 2023 | Weekly Updates
Tax deductible superannuation contributions can be very beneficial as discussed last week. It is also possible to make non-tax-deductible contributions to super. They are called non-concessional contributions and the limits on amounts allowed are much higher. The...
by orange_office | Mar 15, 2023 | Weekly Updates
Last week brought the failure of a three small US banks. This triggered discussion of bank debt problems, particularly how difficulties at one bank could potentially spread to others if it was unable to repay money owing to them on time. Banks are superficially simple...
by orange_office | Mar 9, 2023 | Weekly Updates
The Government proposal to tax large superannuation balances at a higher rate doesn’t sound unreasonable in principle, depending on the limit chosen and how the tax is calculated. Unfortunately, the Government has chosen a fairly low limit and says it won’t be indexed...
by orange_office | Feb 15, 2023 | Weekly Updates
Australians have been reacquainted with high inflation. We were used to fifteen per cent inflation and seventeen per cent interest rates in the 1980’s. For the last calendar year inflation was 7.8 per cent, up from 7.3 per cent for the year ended September. The figure...
