Finance News
With the lead up to June 30 being a busy time for many of us, please feel free to review the Legislative changes that took effect July 1 2012. Personal Tax Rates The updated income tax thresholds and tax rates for residents (excluding the 1.5% Medicare levy) are: 2011-2012 Income year – current 2012-2013…
Australian Equities – investment update With equity markets having sold off yet again and many stocks trading at GFC levels, Andrew Fleming, Deputy Head of Australian Equities at Schroder , will look at the case for Australian Equities and what he believes to be the enduring truths for investors. He will share…
38% of Australians have at least two super accounts*, while there is an estimated $18 billion† in unclaimed super. Each super account has its own set of fees which, over time, can erode your savings, reducing your final retirement nest egg. The good news is locating and consolidating your super accounts just got easier. You…
Question: My son and his pregnant girlfriend recently married. A couple of days ago they called in – this is pretty unusual so I thought something might be up. The reason for their visit soon became obvious. They had just seen a house they wanted to buy but can’t because they don’t have enough money…
Brussels (AP) — European leaders have agreed to use the continent’s permanent bailout fund to recapitalize struggling banks, and agreed to the idea of a tighter union in the long term. The bank decision at overnight meetings in Brussels on Friday was aimed at helping Spain, which sought a €100 billion rescue to help its…
The collective group of countries which use the Euro as their common currency. The Eurozone came into being in 1999, and originally consisted of 11 countries. As of 2009, 16 countries were part of the Eurozone. The Eurozone does not include every country in the European Union (some countries are not yet using the Euro),…
Make sure your super is contributed into your super fund by Friday 29th June (Not over the weekend – it is too late) Last-minute contribution Whether it is a contribution for which a tax deduction (concessional contribution) is claimed or one that is sourced from after tax money (non concessional) everyone should by now be…
Cyprus has become the fifth Euro zone country to seek financial assistance. Cyprus needs around €1.8b (10% of their GDP) by the end of the month. The country’s second biggest bank Cyprus Popular Bank said their balance sheet has been heavily hit by bad Greek debt. Fitch credit rating agency has recently downgraded Cyprus’s…
