Superannuation Contribution Caps
There are limits to the amount you can contribute into superannuation per year. These caps for the 2018 financial year are:
Non-Concessional Contribution Cap - $100,000
Concessional Contribution Cap - $25,000 for all ages
Non-concessional contributions are after-tax contributions including spouse contributions and contributions made under the Super Co-Contribution Scheme. Non-concessional contributions were prev...
On Tuesday, 8 May 2018, Treasurer Scott Morrison handed down the 2018-19 Federal Budget, his 3rd Budget.
In what is widely perceived to be an election Budget (and certainly the last full Budget before the next Federal election), in his Budget speech, the Treasurer said that, in 2017-18, the Budget deficit will be $18.2 billion, less than half what it was 2 years ago. The deficit will fall again to $14.5 billion in 2018-19, Mr Morrison said. Acco...
Share Market Update
The ASX200 has started 2018 with a negative quarter declining from 6,065.30 at 31 December 2017 to 5,759.40 at 31 March 2018, which represents a drop of 305.9 points or -5.04%.
This is the worst performance for a quarter since the GFC. Investors have only suffered two worse March quarters over the past 25 years – a 15% plunge in 2008 and a 6.3% loss in 1994.
This effectively neutralised the previous strong October to December 2017 qu...
Spotlight on CSL
Many of our clients will already be familiar with CSL. CSL is a global healthcare company and it’s a stock that has been included in the majority of our portfolios over the past few years. CSL’s core focus is on rare and serious diseases and influenza vaccines.
CSL Company History
CSL formerly known as The Commonwealth Serum Laboratories was established in Australia in 1916 to service the health needs of a nation isolated by war. Over t...
Australian Share Market Review
Happy New (Calendar) Year! We hope you all had a great Christmas season.
The December quarter saw the ASX200 finally break through the 6,000 point barrier. The last time the market closed above 6,000 points was in January of 2008, almost 10 years ago!
The ASX200 started the 2017 calendar year at 5,773 points and has closed the December quarter at 6,065.30 points. This is a gain of 292.3 points or 5.06% over the twelve mont...
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