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Gold – Bre-X
Read more: Gold – Bre-X20 years ago, many investors in Canada thought they’d struck it rich by investing in a company called Bre-X. Company estimates suggested it had potentially found 70 to 200 million ounces of gold at its Busang claim in Indonesia. Making it one of the largest gold discoveries ever. Instead of reaping the rewards of being invested in the world’s largest gold mine, those investors found themselves at the heart of a massive fraud. It was eventually revealed the mining samples from the claim had been salted with gold. To mark the occasion (and gouge old wounds) a movie ‘based’ on those…
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FREE Information Seminar
Read more: FREE Information SeminarFinancial opportunities for you Are you unsure if you need to reduce your super contributions from 1 July 2017? Are you self-employed as well as work for an employer and want to maximise your super contributions? Do you have a spouse who earns income of less than $37,000? Do you want to understand how your money is invested? If your income is your biggest asset, do you want to know how to protect you and your family’s wealth if you become sick or injured? If you answered yes to any of those questions, then this seminar is for you! This…
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Super Changes from 1 July 2017
Read more: Super Changes from 1 July 2017The argy-bargy is over and late last year the government’s superannuation reforms from the 2016/17 budget passed through both houses of parliament. What does this mean? The reforms will come into place on July 1 2017, so here’s a rundown on some key changes. Transfer balance cap: From July 1 there will be a $1.6 million transfer balance cap on the amount of superannuation one can transfer into the tax-free retirement phase. Savings above this limit can remain in accumulation (where tax is 15%) or can be removed from the super environment. Earnings on the balances in retirement phase will…
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2016 Year in Review
Read more: 2016 Year in ReviewEconomic Overview The dangers of basing investment strategies on media forecasts were highlighted dramatically in 2016 as the outcome of major world events and the market reaction to them confounded pundits. The major news event was Donald Trump’s US presidential election win. The Republican outsider defeated Democrat Hilary Clinton on a platform that tapped into voter anger at “insider” politics and the effects of globalisation. Similar sentiments also fueled the mid-year vote by Britons to leave the European Union, again a largely unheralded result that led to the resignation of Conservative Prime Minister David Cameron. Despite these potentially destabilising events,…
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Superannuation Contribution Changes
Read more: Superannuation Contribution ChangesWith many of the changes announced in the 2016 Federal Budget now passed by Parliament, there is an amount of certainty that you can have when approaching your Superannuation planning and the contributions you might wish to make to your Superannuation. The Government is lowering both the concessional (pre-tax) and non-concessional (after-tax) contribution limits from 1 July 2017. One of the original proposed measures which received a lot of comment and caused concern was the $500,000 lifetime non- concessional contributions (after-tax contributions) limit. This proposed measure was dropped and replaced with a $100,000 annual limit on after-tax contributions. Pre-tax contributions…
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