Following the Budget in May 2016, superannuation has been in the spotlight.
With a raft of changes proposed and passed through the senate in November last year, many people have been hesitant to contribute too heavily to super in fear that its tax effectiveness has been minimised and that it will be subject to further legislative change in future.
I am officially renaming last week “conference week”. An investment conference in Sydney on Tuesday followed by three action packed days at the SMSF Association National Conference in Melbourne.
I’m almost overflowing with information and new ideas. Given we have covered the superannuation changes in recent blogs, let me share some of the key insights from the investment conference in Sydney last week…
There are two types of financial advice:
1. What the large institutions offer up as "advice"; and
2. True "goals based" independent advice
And they are worlds apart.
Changes to superannuation became law on 9 November, 2016. If you’re a trustee of a self managed super fund (SMSF) it’s now time to review your fund strategy.
There are two key changes: