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Economic Snapshot for March – April 2016

Economic Snapshot for March – April 2016

Portfolios in March saw further improvement in global investor sentiment as fears of a recession faded due to better news on key economic data and some stability returning to the oil market. Equities recorded a positive return for the month, with emerging equity markets outperforming particularly well after their recent difficult months. The normal monthly graph looks significantly different to the 3 month equivalent for the first quarter of the year and as such we have included the latter for a better perspective. US equities for example have now achieved a moderate return of 1.18% for the quarter but this is due to a strong rebound of over 6% in March. This is a poignant reminder that when we take into account a minimum 5 year time horizon the graphs are merely snapshots of a point in time.
In the US, there were further signs of labour market strength and some welcome improvement in the pace of manufacturing activity. Core inflation also continued to edge higher. However, the Federal Reserve again reiterated its preference to move cautiously with further interest rate increases. This inevitably undermined the US$ and resulted in speculative trading and volatility.

There were also encouraging signs of improving economic conditions in China, with the manufacturing index rising to its best level since June 2014. This reflects the impact of further monetary and fiscal stimulus from the Chinese authorities in recent months.

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PrimeAdvisory 2016 Federal Budget Review

PrimeAdvisory 2016 Federal Budget Review

The Federal Treasurer Scott Morrison has handed down the Budget for the 2016/17 year.

This budget includes many initiatives to stimulate the economy and establish a 10 year economic plan that will transition Australia from a mining led economy to a stronger, more diversified economy encouraging innovation and job growth. Read More

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Why your SMSF’s ‘rule book’ may be broken (and how to fix it)

Why your SMSF’s ‘rule book’ may be broken (and how to fix it)

by Hugo Furzer

As you probably know, every SMSF must have a corresponding Trust Deed. Think of it as the rule book every Trustee and Members of the SMSF must follow. And the rules cover pretty much every aspect of the SMSF’s operation, including such things as:

  • the powers and limitations of what the Trustee can do with SMSF assets
  • when and how members must apply to access their benefits
  • how members can contribute to the fund
  • how death benefit nominations are put in place.

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Why Budget Night might be a MayDay call for transition to retirement pensions

Why Budget Night might be a MayDay call for transition to retirement pensions

55 and over – Act NOW to protect your Super

Everyone loves a good rumour and with budget night less than a month away – due to be delivered on 3rd May – there are many going around. With Australia’s population aging and the baby boomers now at retirement age, it is suspected that the government may look to superannuation, contributions tax, and transition- to-retirement schemes (TTRs). Moreover, it is rumoured that TTRs may be attacked in the May budget. This means if you were 55 or over on 1 July 2015 you may need to act now.

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Superstream Alert April 2016

Superstream Alert April 2016

Your Superstream Obligations

SuperStream represents the streamlining and standardisation of superannuation contributions made by employers. Employers and super funds have been transitioning for some time under this initiative to sending and receiving super contributions electronically (eCommerce) in accordance with a consistent regulated Superannuation Data and Payment Standard (the Standard).

For employers of 20 or more employees, SuperStream transitioning occurred over the 2015 financial year. If you are an employers with 19 or fewer employees you will need to transition to an electronic means of making super contributions and member updates, which comply with the Standard, between by 30 June 2016.

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