Latest News

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.

Tuesday, November 11, 2014

Losing an original document can be quite a stressful event, particularly when you have no backups. A constant question is: "Can I destroy my originals now that I have made a digital copy?" In a world where everything is moving to digital, how should you handle original documents? 

Tuesday, November 11, 2014

After a weak start October proved a better month for financial markets. Bonds and equities rallied, with REIT’s performing particularly well. Commodity prices declined further and the $A was little changed in the month. A generally positive earnings season in the US combined with supportive statements from major central banks contributed to the better month for equities.

Tuesday, November 11, 2014

In 2015 WLM turns 10. We look forward to you joining us to celebrate our first decade.......more details to come!!!

Tuesday, November 11, 2014

From 1 January 2015, income from superannuation pensions will be taken into account in determining whether you are eligible to receive the Age Pension (full or part payment) or the Commonwealth Seniors Health Card (CSHC). This might affect your ability to access either of these social security benefits in the future.

Friday, August 08, 2014

From 1 July this year it will be compulsory for employers with 20 or more employees (large employers) to pay contributions to your SMSF electronically. Plus from 1 July 2015 it will be necessary for all employers (including small employers with 19 or less employees) to make contributions electronically.

Friday, August 08, 2014

In June 2014, several measures announced in the federal Budget were introduced to parliament. Legislation that became effective 1 July 2014 includes:

Friday, August 08, 2014

The ATO has introduced new penalty powers which it can impose on you if your fund breaks certain superannuation rules.

Friday, August 08, 2014

The Board of the Reserve Bank of Australia (RBA), as expected, announced that official interest rates will be kept on hold at 2.5%.

Friday, August 08, 2014

An alternative investment is an investment product other than traditional investments such as stocks, bonds or cash. Most alternative investment assets are held by institutional investors or accredited, high-net-worth individuals because of their complex nature, limited regulations and relative lack of liquidity. Some of the more common alternative investments strategies real estate investment trusts, hedge funds, managed futures, private equity, venture capital, and limited partnerships. Wine, art and antiques, indeed any business of value, might also be considered as an alternative investment.

Friday, August 08, 2014

According to the Actuaries Institute of Australia, an individual aged 65 and now commencing retirement will have a life expectancy of 21 years for males and 24 years for females.  The Institute also noted that one in three individuals now entering into retirement should attain age 90 and one in five will attain age 95.