Letter from the editor

Happy new financial year

A rate cut from the RBA and the Governor says the glass is half full

The RBA has dropped the Cash Rate another 0.25% at the June meeting, bringing the Cash rate down to 3.50% it’s lowest in several years.

The pressure is now on Retiree’s and especially Self Funded Retiree’s looking for good returns from their cash deposits to fund their living costs. You can still find a 5% on Bank Term Deposits, but it’s getting harder to find.

At the same time he was lowering the Cash Rate, Glenn Stevens the RBA Governor was pointing out that the Australian economy was in good shape. He suggested we all stop talking it down and get out and enjoy it.

I’ll leave that up to you!

We are often asked what can I do with $5,000? Ok it’s not a lot, but with a bit of forethought you have many options to make it work for you. This month we look at what to do with 5,000 .We also look at 8 common mistakes made by investors. Our legal eagles look at what to do with recalcitrant executors

Wouldn’t it be nice to receive a couple of thousand dollars to reduce your mortgage or pay off some debts?
Most of our South African clients have left Retirement Annuity Policies behind when they left South Africa.  The value of these Policies, particularly due to the deterioration of the Rand/AUD exchange rate is diminishing the value of these investments on an ongoing basis.

With recent changes to the law in South Africa you can now cash in these policies and remit the funds to Australia if you are a Permanent Resident of Australia.

The Taurus Group offers the complete service in respect of the encashment of your RA Policies.  For further information see Article 4.