We all get bombarded with information from every source possible and frankly, it's too much. Even if you haven't already flicked it into spam you probably don't have time to read it. We call it Information Overload. So, on this page we've selected big picture news items we think are relevant and of interest to our clients.
A new association has been formed to help advisers incorporate real return strategies in their businesses and provide practical guidance in the areas of regulations, insurance, portfolio construction, implementation and administration.
The Government has released the 2013-14 Mid-year Economic and Fiscal Outlook (MYEFO), which includes, among other changes, clarification on 92 tax and superannuation measures that were announced, but not legislated, by the previous Labor Government.
Estate Planning is a complex issue. Sometimes individuals/couples want to have the flexibility to enable tax-effective and private inheritances outside normal Will and legal estate procedures. WLM is able to assist with some very meaningful Estate Planning for clients by using Insurance/Investment/Imputation Bonds (Bonds) as tools for specific purposes.
The US government shutdown has entered its third week. This is not as dire as it sounds. Firstly, only the 36% of Federal spending classified as “discretionary” is affected; Social Security payments, for example, continue to be made. Secondly, while there hasn’t been a shutdown since the halcyon days of Bill Clinton in 1996, before that they were quite a common occurrence.
Getting into the habit of reviewing your financial requirement at the beginning of a new financial year makes sense. This will help to maximise investment returns and financial situations rather than reacting to minimising tax when time is running out. Here are some points to consider for the new financial year to help you along.