Did you catch up on the budget or 'Wayne's swan song' as they are calling it? Most of the detail had been leaked so there weren't many surprises. The proposed super changes were reiterated as we have outlined earlier. Rather than go through all the announcements here, if you would like to read an investors summary you can find it all here.
Whilst you can't control the local and global economy you can control your own strategy. We thought it timely to include an article, Keys To Successful Investing to remind you of time tested principles. Also as June is around the corner we remind you of Tax Planning Opportunities and the often forgotten strategy, Splitting Super With Your Spouse. In our economic insight we look at Can Australia Learn From Germany's Experience?
For those of you who still have Retirement Annuity Policies in South Africa, a reminder that you can now cash them in and remit the funds to Australia before you reach the preservation age as long as you are a permanent resident of Australia. With the South African Rand continuing to devalue and expected changes to the rules governing pensions in South Africa, I am of the view that the sooner you cash in these policies the better. See our article Encashment of Retirement Annuity Policies.
Can Australia learn anything from Germany's experience?
We have included an article from Macquarie which we think is very interesting. Surprisingly on May 7 the RBA did cut rates in a surprise move. They must have read the article as well! Enjoy.
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