And here we go again. More proposed superannuation changes. The Albanese government is planning to impose a higher tax rate on superannuation balances above $3 million. This is set to take effect from July 1, 2025, and has been sold as increasing fairness and sustainability in the system. However, it just adds to the complexity, specifically with the most alarming of the proposed changed: taxing unrealised gains. The main component of the proposed reform, known as the Division 296 tax, is to increase the tax on earnings in the accumulation phase of super from 15% to 30% for balances above…

The recent re-emergence of market volatility has stoked some fears. Specifically in the investors who take their politics a little too seriously. Financial markets moving around is nothing new, but some investors, without a coherent investment philosophy, are quite happy to replace it with an incoherent politico-investment philosophy. Whatever happens in financial markets can be directly attributed to their political side or their political opponent. This position makes investing incredibly difficult. Every time a government changes, it means their portfolio’s structure is up for consideration. The long term only exists if their team is in charge. If the other team…