The legal tax havens under your nose

Written by multiforte on . Posted in News

While the taxman is targeting investors hiding assets overseas, there are much less complicated ways to cut your tax bill.

Here are 6 tax-minimising strategies that are right under your nose – they’re widely available, legal and can make a significant difference to your overall wealth creation.

How did these ‘can’t miss’ financial market predictions pan out?

Written by multiforte on . Posted in News

It’s that time of the year when many well-respected financial commentators offer their outlooks for the coming year. While this crystal ball gazing is always entertaining, it becomes even more so a year later.

If you think back a year, you will recall that the politicians in Washington were in the grip of one of their “fiscal cliff” stand-offs. The theatre of brinksmanship kept everyone guessing until a last-minute resolution.

For some, the excitement was just too much.

Coalition proposes tax and super legislation changes

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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 Question You Should Be Asking About the Share Market

Written by multiforte on . Posted in News


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?

BEWARE property investment scam

Written by multiforte on . Posted in News

A client was contacted recently offering by a Government representative offering an opportunity to invest in public housing with low risk and very attractive returns.

Fortunately, he contacted us to seek our view before agreeing to a meeting or providing any personal information. We were concerned that it sounded dodgy, so we checked with the National Rental Affordability Scheme (NRAS).

We found that it was a scam.

Is residential property the best investment?

Written by multiforte on . Posted in News

Many people love the idea of residential property as an investment. They like the tangibility of bricks and mortar, they often get excited by tax savings from negative gearing, and they are fuelled by stories of windfall financial gains from family and friends or the media.

The reality is that some people have historically done well by investing in residential property – which had its heyday in the 80s and 90s delivering average gross returns of more than 10% pa.

Did you know that residential property returns for the last 10 years (to 31 December 2012) were just 6.5% pa1? And with consideration for costs, less than 5% pa?

Money predictions: what are they costing you?

Written by multiforte on . Posted in News

Low returns are shaping as the new normal“. That was a headline in The Australian Financial Review in July 2012 – just over a year ago – in anticipation of another grim year on global equity markets for Australian investors.

How did that forecast turn out? And what did it cost you?

Advice clients mistaken about ‘independence’ of their adviser

Written by multiforte on . Posted in News

Recent research from Roy Morgan has revealed that many financial planning clients are confused about the independence of their adviser.

According to the research, many clients mistakenly perceived their adviser as “independent” – unaware of the relationship between their adviser and a parent company, especially where their planner does not use the branding of the institutional owner.

New – super changes now law

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Reducing super tax concessions for very high income earners

Legislation  to reduce the tax concessions associated with certain concessional superannuation contributions (CCs) made by or on behalf of ‘very high income earners’ is now law.  As these measures are effective from 1 July 2012 they may impact on the current remuneration and related financial plans of ‘very high income earning’ individuals.

The measures will impose an additional tax of 15% on certain CCs where the individual’s income plus relevant concessional contributions exceed $300,000.

Increased concessional contributions cap