Finance News

Celebrating EOFY

Posted on Friday, July 1, 2016

3AW Drive's finance expert Scott Haywood has shared his last minute tax tips and predictions for the next financial year.

He cautioned against rushing out and buying items to get a tax deduction.

Click here to go to the 3aw Page to hear my regular segment

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Treasurer Confirms Lifetime Contribution Cap Leeway

Posted on Wednesday, June 29, 2016

 

Treasurer confirms lifetime contribution cap leeway

In a letter recently issued by the Treasurer, some transitional rules were outlined for clients caught in the middle of strategies by the imposition of the proposed $500,000 lifetime non-concessional cap.

These concessions only apply if:

 

  • An LRBA (Limited recourse borrowing arrangement) was already in place at Budget Night (3 May 2016).
  • An asset purchase contract was signed before Budget Night (3 May 2016) with a later settlement which required contributions for completion (this option does not necessarily need borrowings).
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Implications Of The Britain Vote To Leave The EU, What It Means For Markets, The Pound Falls Up To 10% Against Major Currencies.

Posted on Friday, June 24, 2016
Note at the time of writing the result of the UK Referendum has not yet been formally called.

The facts,as discussed on 3AW yesterday with Tom Elliott the effect of the Brexit vote:
The pound is down between 8% and 10% on all major currencies.
Our share market in Australia is down more than 3% but still above 5000 points.  
Our dollar has not changed against the US dollar but 8% higher against the pound.  The Dow Jones futures are down 6%. Read the rest of entry »

Pre June 30 2016 Checklist

Posted on Sunday, June 12, 2016
It is approaching June 30 again, and you may be looking for some last minute ideas on reducing your taxable income.  With for some of you only one pay left this financial year it could be worth salary sacrificing your whole pay with a view of topping up towards your age based cap.  Give us a call to discuss. Read the rest of entry »

Are Kidults Blowing Their Financial Future - as read in news.com.au

Posted on Saturday, June 4, 2016

Young Australians are plagued with the fear of missing out and are using their parents to save on rent so they are free to splash their cash on senseless things.

Scott Haywood, money expert at thefinanceguru.com.au, has seen just how bad it’s getting and just how reckless these kidults really are.

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