Interest rates have been low for so long it’s tempting to think low rates are the new normal. So when the Reserve Bank suggests that a cash rate of 3.5% is the new ‘neutral’, people take notice. Neutral is central bank speak for the sweet spot where growth is supported without pushing inflation too high.
If you’ve got superannuation (super), chances are you’ll have some default insurance included and the option to buy more at an attractive price. It’s a cost effective way to get a basic level of cover, but holding insurance inside super does have some downsides.
Following the flurry of new tax rates and superannuation (super) changes that commenced on 1 July 2017, the Australian Tax Office (ATO) has moved back into more traditional territory with its announcements in the new financial year. Here’s a roundup of what’s new in the tax world:
The Pulse In a relatively quiet month for economic and policy news, global equity prices rose, helped by corporate earnings reports in the United States and Europe that were relatively strong. The US Dollar fell 2.9% against a trade weighted basket of currencies as the “Trump Slump” continued. Over the month the lower US Dollar, […]
Tax should never be central to any investment decision you make, but it still has an important role to play. What that means is your investments should be tax effective rather than tax driven.