PORTFOLIO POINT: The average SMSF balance will most likely top $1 million this year. Australia’s average SMSF balance could top $1 million this month with the aid of a small … Read More SMSFs close in on the magic million
Category Archives: Articles
“We all like a good return on investment. What are some great ways to invest $1,000?”
Hey, it’s June! And June is “grand final” time for personal finances – time to minimise your taxes. And $1000 can give some great tax time rewards. “I hate tax … Read More “We all like a good return on investment. What are some great ways to invest $1,000?”
Property gets a bigger tick in SMSF changes
PORTFOLIO POINT: Shares are out and property’s dominance is entrenched in the NEW super gearing laws, quietly announced in recent days. It was bound to happen. Assistant editor James Frost … Read More Property gets a bigger tick in SMSF changes
Will super be an election issue
PORTFOLIO POINT: Like none before it, superannuation will be a hot button for this year’s federal election. Many Australians might choose to vote on super itself. There comes a point … Read More Will super be an election issue
“What is your personal life or financial motto and how has it helped you create wealth?”
“Learn the rules. Then play them.” From birth, say my parents, I wanted to know what the rules were, so I knew the boundaries. My brother Dirk, however, liked to … Read More “What is your personal life or financial motto and how has it helped you create wealth?”
Please explain, Mr Rudd
PORTFOLIO POINT: Detail is desperately required from the Rudd Government on its extension of the new contribution rules for the over 50s. Following a major news event, it’s usually only … Read More Please explain, Mr Rudd
Instant gratification is a key sign of modern lifestyles. How do we balance it with saving and investing?”
Billy Joel claimed his Boomer generation “didn’t start the fire”. Maybe, but they certainly fuelled it. Gen X will make it worse. And our Gen Y and Z kids will … Read More Instant gratification is a key sign of modern lifestyles. How do we balance it with saving and investing?”
More headaches for SMSFs
PORTFOLIO POINT: Halving the tax on interest earned outside super creates some more scales that need to be finely balanced for trustees. If SMSF trustees watching last night’s budget felt … Read More More headaches for SMSFs
“Big changes to the tax system are on the way thanks to the Henry Review. What do they mean for our personal finances?”
Nothing quite feeds an “us versus them” mentality as voraciously as cutting down tall poppies. It’s as Australian as tax evasion, bagging politicians and drinking cold beer in Bali. And … Read More “Big changes to the tax system are on the way thanks to the Henry Review. What do they mean for our personal finances?”
“Compared to many countries, Australia has an enviable public health care system. Where does private health cover fit with this?”
Three months before my wedding, I had a nasty accident. Let’s just say: extreme sport, bad turn, torn knee cartilage. Actually, this is embarrassing. The “extreme sport” was golf and … Read More “Compared to many countries, Australia has an enviable public health care system. Where does private health cover fit with this?”