In April 2017, Labor announced it would restore the general ban on direct borrowing by superannuation funds as recommended by the Financial System Inquiry.
The lack of detail surrounding the proposal is making it difficult for SMSF clients to implement strategies, particularly the purchase of business premises through their SMSF, says Chris Morcom. Read the full article here
In conversations with clients we often hear people in their 40s and 50s being concerned about an ageing parent or grandparent and the need for those ageing family members to go into residential aged care.
With so much discussion around the performance of the economy and the effect this has on interest rates; Glenn and Nathan chat about what 'may' happen to interest rates in Australia.
As many of you would be aware, if elected into Government this year, the Labor party is proposing to remove the refund of excess franking credits from July 1, this year. This policy announcement has triggered lots of media commentary and as advisers, many clients have been asking what plans we have been considering “if this happens” and what they should do to protect their income. For the moment, the answer is not much.
This week on the Money Mentors Podcast Nathan and Glenn discuss the 2019 Federal Budget. They chat through what's in it for you, and what they think it may mean in the short and long term, particularly in light of a looming election.