-
Important changes to the age pension in 2017
Read more: Important changes to the age pension in 2017From 1 January 2017, there are some important age pension changes that could impact your benefits and warrant some pre-emptive action. What’s changing? The lower asset threshold that determines your eligibility for the full age pension will increase. This threshold varies, depending on your relationship status and whether or not you own a home. It’s also indexed periodically by the Government. To find the current thresholds visit humanservices.gov.au. In addition, the age pension payable will be reduced by $3, for every $1,000 you hold in assets above this threshold. The current reduction amount, known as the ‘taper rate’, is $1.50…
Topics:
-
Great Times for Scams to Flourish
Read more: Great Times for Scams to FlourishVery benign things are often breeding grounds for more noxious things. Standing water is a breeding ground for mosquitoes, children are a breeding ground for germs and low interest rates are a breeding ground for dubious investments and outright scams. Investors who’ve been well served by their “risk free” (except for inflation, tax and no growth) income streams from cash have been pummelled in recent years. Investors watching their income stream slowly dwindling have been vocal in the media with their frustration and it’s no stretch to believe people with less than appealing projects are rubbing their hands together thinking…
Topics:
-
2016 June Quarter Review
Read more: 2016 June Quarter ReviewEconomic OverviewGlobal equity and bond markets offered generally solid returns despite the late quarter uncertainty generated by the United Kingdom’s referendum result in favour of leaving the European Union.The economic news was mixed in the quarter. In the US, the Federal Reserve left its official interest rates unchanged in June, saying before it increased interest rates again it needed to see clear signs of economic strength before. US GDP grew at an annual rate of 1.1% in the first quarter. China in April reported annual GDP growth of 6.7% for the first quarter, representing a continuing slowdown from growth rates…
Topics:
-
Brexit Aftermath Not the Bloodbath Predicted
Read more: Brexit Aftermath Not the Bloodbath PredictedAs the old saying goes “no one ever picked up a newspaper to look at an empty page”. Actually, we just made that saying up. However, it does ring true because even if there are no stories to write about reporters can usually fill column space by asking someone desperate for attention to speculate on something. Outside of politics, if a reporter is looking for blustery talk they’re guaranteed to find a voice ready and willing in the finance and investment sector. Brexit was only a few weeks back and there was a litany of cataclysmic predictions. Now they’ve been…
Topics:
-
Bonds Signalling Lower Interest Rates
Read more: Bonds Signalling Lower Interest RatesAfter the RBA left interest rates on hold last week the commentary quickly shifted to when they would be cut next. To co-opt a line from Star Wars, you may have felt a great disturbance in the force “as if millions of conservative investors suddenly cried out in terror”. There won’t be much joy if you wander into the branch of your local big four and ask for a sit down in their frosted office with the cheery customer service rep. If you demand the best deal they can give you, at the bank with the big red W they’ll…
Topics:






