Self managed superannuation funds (SMSFs) are the buzz-word of the Australian Financial landscape in 2013. Suddenly, everyone wants one or wants to work out if SMSF’s are applicable to their specific situation. SMSFs hold 31.2% of all superannuation assets and are growing in number at the rate of 7%pa. Research indicates thatRead more
The Latest FinSec Updates
Never take a hostage you are not going to shoot, and we will not for sure shoot this hostage!!
Tom Coburn, Republican senator, Oklahoma
Last week legislators decided to shut down all ‘non-essential’ government services (about a third of federal spending) rather than allow an enacted health law to take effect from the agreed date.Read more
There has been much talk (and a lot of noise) surrounding the Future of Financial Advice (FOFA) reforms that officially came into effect as of July 1. For those of you still unclear on ‘what its all about’, we have provided a short summary below.
In short, these reforms are aimedRead more
This month’s issue of our newsletter ‘The View’ features a picture of ‘The Scream’ by expressionist Edvard Munch.
The Scream is the popular name given to each of four versions of a composition, created as both paintings and pastels, by the Expressionist artist Edvard Munch between 1893 and 1910. Der Schrei der Natur (The Scream of Nature) is the title MunchRead more
Ten years ago Mattt and Tom set up in business together selling high level technical advice to the physics departments of universities. The business operates via a company in which Matt and Tom each hold equal numbers of shares and is very successful. Both Matt and Tom make significantRead more
THE GOOD, THE BAD AND EVERYTHING IN-BETWEEN
This Budget could be described as uneventful as it contained little in the way of sweeteners for middle-income earners, families and pensioners. Many of the key announcements were released pre-budget and confirmed by the Government in the budget papers. These include a number of