Category: Latest News

Investment and economic outlook, May 2025

Tariff reprieves, trade deals brighten the economic horizon

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$95bn loss predicted to Australian economy if Div 296 passes: analysis

Analysis from one of the country’s biggest asset management firms has revealed a “deadweight loss” of $94.5 billion to the nation’s economy if the Division 296 tax gets over the line.

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Financial abuse move now a certainty

Bipartisan support now exists to prevent perpetrators of financial abuse and domestic violence from accessing the victim’s superannuation benefits upon their death after the Coalition pledged to take this action should it win power at the federal election in May.

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Freshwater Resources by Country 2025

Check out the largest freshwater resources by Country in the World

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How boosting your super can help you reduce your tax bill

Here's how topping up your super can help reduce your tax bill

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Investment and economic outlook, April 2025

The latest forecasts for investment returns and region-by-region economic outlook

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Are your adult children ready for the wealth transfer?

The inheritance wave is building but most people are unprepared for the ride

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Why more Australian SMSF owners are looking to global equities

Australian SMSFs have historically maintained strong exposure to local assets, with portfolios concentrated in Australian shares and cash.

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Trustees reminded of minimum pension drawdown

The ATO has reminded trustees they have until 30 June to make their minimum payment from their pension.

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Advisers should be aware of signs of elder abuse in SMSF structures

SMSFs are a structure that can heighten and exacerbate issues around elder abuse, a leader in the aged care sector has said.

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The Largest Empires in the World’s History

Check out the Largest Empires in the World's History

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Investment and economic outlook, March 2025

latest forecasts for investment returns and region-by-region economic outlook

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SMSFs hold record levels of cash and property

SMSFs are holding record levels of cash despite an interest level drop in February, according to ATO data.

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Trustees warned on early access

The ATO has warned trustees they will be held accountable for members who access super without meeting a legitimate condition of release.

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Building Australia’s future and Budget Priorities

  Building Australia's future and Budget Priorities  

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All the documents, fact sheets and downloads to do with this year’s 2025-26 Federal Budget

  Federal Budget 2025-26 – Papers and Fact Sheets  

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Winners and Losers – Federal Budget 2025-26

  Treasurer Jim Chalmers has handed down his fourth federal budget, laying the groundwork for a federal election campaign that could be called within days.  

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The Most Held Currencies in the World | 1850-2024

Check out the most powerful Currencies in the World | 1850-2024

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SAR non-lodgment continues to be a concern: ATO

The non-lodgment of superannuation annual returns continues to be one of the ATO’s major concerns, the deputy commissioner for superannuation has said.

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Investment and economic outlook, February 2025

The latest forecasts for investment returns and region-by-region economic outlook.

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Increase in prohibited loans a concern: ATO

While the amount of illegally accessed funds from SMSFs has reduced, the amount of prohibited loans has gone up, the Commissioner of Taxation has said.

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Home is where the super is for many Australians

More Australians are upsizing their super by downsizing their home.

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Retiree confidence undermined

Cost-of-living pressures have eroded retiree confidence and prompted many to recalibrate their expectations, according to a new financial services sector report.

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Four SMSF breaches high on the ATO’s radar

The Tax Office is actively targeting SMSF trustees over a range of super breaches. Home ownership is still the great Australian dream for many people.

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TBC increase not just about pensions

An industry consultant has reminded practitioners the indexation measure to be applied to the general transfer balance cap will have implications for other elements of the superannuation system as well that are unrelated to income streams.

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Up to 700k retirees could be paying more tax than they should: SMC

Lack of proper financial advice is costing hundreds of thousands of retirees in unnecessary taxes, the Super Members Council has said.

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Five financial steps for the new year

The start of 2025 is a good opportunity to take decisive financial steps.

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Australia’s economic growth set to recover in 2025

GDP growth is set to gain momentum despite sticky inflation and high interest rates.

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How to shift into pension mode

When and how you can access your super to start an account-based pension.

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Calls for clarification on NALI/E rulings

The ATO needs to provide clarification on a number of issues in the law companion ruling dealing with NALI/E, the joint bodies have said.

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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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