Federal Budget slugs low and middle income earners, families with children

intro_budget_fy15

The 2014-15 Federal Budget will hit low and middle income earners hard if it is passed by the Senate in its current form. Research by the National Centre for Social and Economic Modelling (NATSEM) shows that families in the bottom quintile (or 20%) of income earners will see an average 5% reduction in disposable incomes while those in the top quintile will only experience a 0.3% decline. A … [Continue reading]

Seeking advice on redundancy is critical

intro_redundancy

As businesses continue to cut costs and close under-performing operations, the number of people being retrenched or offered voluntary redundancy is on the rise. While this can be extremely stressful for employees and their families, the good news … [Continue reading]

Accessing your super benefits

intro_bank_vault

The money in your superannuation account is intended for your retirement and generally can’t be accessed until certain legal conditions are met. If you are seeking to access your super, the three things you need to focus on are (i) the type of … [Continue reading]

Hollowing out of Australian industry

intro_hollowing_out

The strong Australian dollar and high operating costs are taking their toll on Australian industry. So far this year, we have catalogued 36 major job loss announcements. The layoffs are especially prevalent in the manufacturing sector which is … [Continue reading]

Contractor or employee?

intro_contractor

Not so long ago, it was common to hear stories about workers quitting their job, forming a company and being hired back as a contractor at an exorbitant hourly rate. But lower personal tax rates and legal changes to stop the alienation of Personal … [Continue reading]

Super contribution limits for 2013-14

intro_piggybank

Australia has had super contribution limits since 1 July 2007. These limits or contribution caps fall into two categories: concessional and non-concessional. Concessional contributions are before-tax contributions that form part of the fund’s … [Continue reading]

Company profits remain subdued

intro_profit_results_2

The latest Wren Advisers survey of company profits shows that most businesses are struggling to achieve even modest earnings growth. Of the 143 ASX-listed companies that have reported their results in August, median sales growth is just 4.7% and net … [Continue reading]

Global fund managers positive on the US

intro_nyse_small

The latest Wren Advisers portfolio poll shows that global fund managers are increasingly optimistic about the outlook for U.S. shares. The average weighting is now at a ten-year high of 50.5%, nearly 4% above the neutral benchmark. Although recent … [Continue reading]

Worrying trends in latest profit results

Earnings_results

With the latest profit reporting season now over, apart from a few stragglers who haven't managed to file their accounts yet, it's a good opportunity to examine some of the broader trends taking place in corporate Australia. On the surface, the … [Continue reading]

NAB’s ‘pioneering’ Money Tracker

Money_Tracker

Earlier today, National Australia Bank (NAB) issued a media release promoting its new 'pioneering' online personal finance analyser Money Tracker. According to the bank, the software is a 'free, self-service money management tool that takes all of … [Continue reading]