A Finsec View – Why the super cap matters, Aus’s new lifecycle shift, Golf or surfing?, The gold standard and more.
10th March 2023As experts begin to unpack the proposed new tax on super accounts above $3m, the true consequences of the measure are starting to show. And Chalmers is now in full defence mode. In one press conference over the weekend, within a few sentences, he said the word 'modest' five times and 'simple' four times.It's a Shakespearean reminder [...]
A Finsec View – Australia’s Honey Pot, NCC Trap, Retiree Reflections, 2022 Value of an Adviser Report and More
24th February 2023 Any hope that superannuation regulations will remain unchanged again in the next Federal Budget on 9 May 2023 is fading fast. Super was untouched in 2022, but the Financial Services Minister, Stephen Jones, has done enough jawboning to indicate he is ready to strike. And, with Prime Minister Anthony Albanese (National Press Club) making the [...]
A Finsec View – A quandary, 8 billion people, housekeeping matters, Non-Fungible Trump and More
10th February 2023 Welcome to the first issue of the View for 2023. After a January sabbatical (editorially speaking), it is good to be back, and we trust all our readers had an enjoyable holiday break. This year, more than usual, it feels like a time to stocktake and check one's goals for the year ahead. Nobody hands [...]
A Finsec View – The 2022 Wrap and 2023 Outlook
16th December 2022 'Tis the season when the world's strategists, economists and analysts gaze into their crystal balls and make predictions for the year ahead. And on the surface, at least, it looks like a pretty 'meh' year ahead, with both Goldman Sachs and Morgan Stanley tipping the S&P 500 - the key benchmark for global share market [...]
A Finsec View – 5 seismic shifts, Kaizen, The Dunning-Kruger effect, Director ID update and more
2nd December 2022 "Sorry" probably isn't the usual rhetoric to feature amongst the barbs traded in Parliament House. But, when Reserve Bank governor Philip Lowe appeared before the senate economics committee on Monday, it was mea culpa all the way. It seemed a classic political move when Greens Treasury spokesman Nick McKim asked Lowe whether borrowers who had been "induced" [...]
A Finsec View – New inflation numbers, World’s most intimidating asset class, Hero to zero and more
18th November 2022 It's been a long time coming, but underlying US inflation finally appears to be easing. More on this in our market update below. One factor that will influence future inflation is demographics. This week, the world reached a milestone, with the global population officially hitting 8 billion. Australia has played its small part. New figures from the Australian [...]
A Finsec View – What investors, retirees, downsizers and SMSFs need to know about the budget
4th November 2022 In a macro sense, last week's Federal Budget was incredibly modest. Looking at the spending packages as a proportion of GDP they came in at just 0.1%. Really it was just about delivering on the election promises. In the context of previous budgets, in May 2022 spending initiatives came in at 1.7% of GDP, in [...]
When can I move my money out of the QROPS?
Transferring your pension into a registered QROPS scheme triggers the need to be in a QROPS for five full UK tax years (as a minimum). HMRC also has a 10-year reporting requirement. During this period any money moved into a non-QROPS within the relevant period will trigger an unauthorised payment charge of up to 55%. In this short video, [...]
