Category: Latest News

Russia/Ukraine: Rising geopolitical risks and portfolio implications

  Given the enormity of Russia's decision to invade Ukraine, this note provides a short update on the potential market implications.  

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State and Federal COVID-19 support — February 2022

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

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What to expect in 2022

2022 is set to be a bumpy year for investors, but sticking to an investment strategy and thinking long-term will help investors navigate the road ahead.

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ATO releases new guidelines to combat identity theft

ATO and the Tax Practitioners Board have developed new client verification guidelines for tax practitioners, with criminals using increasingly sophisticated attempts to steal taxpayer identities

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Why investment predications can be likened to weather forecasts

Investment forecasts, just like weather forecasts, should be used to help inform but not entirely drive decision-making.

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Volatile markets underscore importance of discipline

Heightened volatility and market losses early in 2022 emphasize the value for investors of a long- term focus.

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Important detail highlighted in legacy pension draft regulations

While the draft regulations aimed at tackling the excess transfer balance issue are a welcome development, SMSF trustees will have to hope the ATO releases the excess notice determination quickly to avoid interest building up, according to Heffron.

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‘Catastrophic consequences’: Government lobbied on NALI rules

The non-arm’s length income rules for superannuation will result in unwarranted and significant detriment to fund members and could operate in conflict with a range of trustee duties, including the best financial interests duty, joint bodies have told the government.

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Vaccination rates (Dose)

61.4% of the world population has received at least one dose of a COVID-19 vaccine. 10.2 billion doses have been administered globally, and 18.22 million are now administered each day. Only 10% of people in low-income countries have received at least one dose.

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Countries with highest life expectancy (1800 – 2099)

  In line with our ongoing theme of videos concerning global trends and statistics, this video looks at life expectancy over two hundred years.  

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Advisers warned on joint entity hurdles for ‘sophisticated investor’ qualification

The use of various entities to jointly qualify for the “sophisticated investor” status will need to navigate various legal hurdles, especially around control for structures such as SMSFs and trusts, according to a law firm.

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State and Federal COVID-19 support — January 2022

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

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Excuses limited for late death benefit payments

  The ATO will only recognise limited reasons offered by trustees as an acceptable excuse for not paying a death benefit within the standard timeframe.  

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Bull vs Bear

An explanation of the difference between a Bull and Bear run.

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6-member SMSFs proving popular for older trustees

The uptake of six-member SMSFs is primarily being driven by trustees over the age of 80 who want their adult children to take over the management of the fund.

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One of the most read articles in 2021

10 little-known pension traps proving the value of advice.

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Financial burden of COVID sees rise in illegal loans to members

With COVID continuing to place financial stress on businesses and individuals, there has been an uptick in SMSF members illegally accessing money from their funds, an SMSF auditor warns.

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ATO holds off on TBAR compliance

  The ATO will not take compliance action against funds that have not reported a TBA event after the commencement of a new pension in the interim.  

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Why more Millennials are turning to SMSFs

The growth trajectory of more Millennial SMSFs is set to continue in the years to come, according to the chief executive of Smarter SMSF.

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Our 2021 Advent Calendar.

Come back each day and click on the next date for another inspirational quote or poem from some of the greatest writers and poets.

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Rising life expectancies and retirement

Average life expectancies in Australia are now at a record high, and while that's a positive, longevity can also come with potential financial risks such as outliving your retirement savings. So what can you do to ensure you have the best chance of experiencing a financially secure retirement?

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Inflation expectations hit 7-year high

  Australians are anticipating higher inflation in the coming years, particularly those in regional areas.  

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December – State and Federal COVID-19 support update

  The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.  

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The real impact of investment choices

Alongside uncontrollable factors like market returns, the cumulative impact of all the investment choices you make along the way is what ultimately determines your investment outcome. That's why making good decisions about investment contributions and fees is of the utmost importance.

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A savings strategy for children’s education

Having a strategy in place to pay for your childrens school education is essential. Here are a few ways you can approach paying for tuition that will help you stay ahead of the school fees curve

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Company directors must register – all you need to know

A director identification number (director ID) is a unique identifier you will keep forever. It will help to prevent the use of false or fraudulent director identities. About director ID Registrations begin form November 2021 and all company directors must be registered by the 30th November 2022. A director identification number (director ID) is a...

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Asian Economies (1960 – 2020)

While there is a very rapid escalation with watching and monitoring the economies of Asia, especially China, it is always interesting to look back over time, in this case 60 years, to see how they have evolved. Doing so adds great perspective.

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RBA waves white flag

This is pretty technical but might require us all to look at a future with rising interest rates, and it could happen sooner than expected. The RBA met on Tuesday this week and decided to:  Maintain the cash rate target at 10 basis points or 0.1% Continue the purchase of $4 billion of Government securities per week until...

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SMSFs flagged on updates to contribution measures in upcoming super bill

The new recently introduced bill on enhancing superannuation outcomes has provided a further update on how the government will implement its new contribution rules along with its potential effect on contribution strategies for SMSFs.

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The dos and dont’s of revenge spending

After months in lockdowns and living under tight restrictions, many Australians have gone on a "revenge spending" spree. But before you go out and buy buy buy, do a financial stocktake to see if those purchases are viable and that your emotions aren't ruling your reality.

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Heathmont Financial Services Pty Ltd (ABN 68 106 250 104) trading as Heathmont Financial Services is a Corporate Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd (ABN 74 630 256 227), Australian Financial Services Licence Number (AFSL) 513763.

Julian McGoldrick is an Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd AFSL 513763.

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