Super Guarantee changes

On 24 October 2013, the Government announced plans to delay the increase to the Superannuation Guarantee (SG) charge to 9.5% until 1 July 2016.

Under the current rules, the increase to 9.5% was to take effect from 1 July 2014 and gradually rise by half a percentage point each year until reaching 12% on 1 July 2019. Under the new proposed legislation, the SG will also follow a 0.5% annual increase, although it won’t reach the rate of 12% until 2021.

Tax changes not proceeding

The Australian share market is now up more than 20 percent for the year to 31 October 2013, and is up more than 70 percent from the depths of the GFC in March 2009.

While there is renewed confidence among many investors who are happy to buy, we’ve also had conversations with people asking if now is the time to sell.

So which one is it? Should you be buying or selling?