They were on the main street of every large and small town. They were in suburbs and there were multiples of them in cities. They were crowded with people most nights of the week, especially Fridays. Many were small businesses owned by families, but there were also large chains who owned stores across states and […]
The franking credit debate has many retirees using SMSFs fuming. However the point needs to be made that many SMSFs do not use a financial adviser so their investment strategy may be questionable. Have they been caught out with a lack of diversification building a portfolio specifically to chase a tax credit? Wayne discusses this […]
There are some angry retirees around Australia right now. Labor’s plan to rescind franking credits from those who haven’t paid tax has seen impassioned speeches at public hearings, angry letters to newspapers, and media profiles where the aggrieved quote how much they’ll lose from the changes. It all must be very confronting if you’re suddenly […]
With some things in life, a good start is everything. Take the 100-meter sprint, the whole race is over in 10 seconds or less. The importance of getting out of the blocks quickly to ensure success can’t be understated. In the 100-metre sprint’s extended athletic cousin, the marathon, a bad start, while annoying, must be […]
The findings and recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry have been delivered. Commissioner Kenneth Hayne made 76 recommendations and the early noises from both sides of politics were 75 of those recommendations will be implemented. Whether this is true or not, is another matter entirely. Along […]