(03) 9020 2905

Welcome to Bruce Brammall Financial

Day: March 31, 2014

ATO targets your offshore income

SUMMARY: The ATO is targetting your offshore earnings, no matter how small. You have until December to take part in an amnesty … or roll the dice on bigger penalties. The word “amnesty” suggests a few things when its offered by a government authority. Firstly, it states they know that an activity is happening. Second, […]

Forty, indebted and grumpy — just keep hanging in there

Apparently, life begins at 40. But the party doesn’t last long. Soon after, you sink into a well of depression and want to top yourself. So says a survey of two million people from 80 countries. Our 40s is the peak of our unhappiness. Age 44, on average, is us at our grumpiest. We hit […]

SMSF money is moving out of cash

SUMMARY: A speed gun would clock it at marginally faster than glacial, but SMSF money is moving out of cash. To where is the surprise. There are two assets that Australian SMSF trustees love more than any other – cash and Australian equities. Often, SMSFs will hold 100% of their funds in these two assets […]

Retirement savings or the mortgage – what is the best destination for any spare dollars?

WHOA! Bring out the big scales for Generation X on this one. This is a tough balancing act, because Xers financial commitments are monstrous – huge home loans, income-ravenous tin lids to raise, and pathetic superannuation balances. But my answer is both. Emphatically. Like Meg Ryan’s “yeessss!” in the deli in When Harry Met Sally. […]