On Tuesday 9 May, the Federal Government handed down its Budget for the 2017–18 financial year by the federal treasurer Scott Morrison.
It has been called a very ‘Labor budget’. A claim that both Scott Morrison and those from Labor have refuted.
According to Morrison, this year’s Budget is founded on the principles of fairness, security and opportunity.
As advisers, we get an interesting insight into the spending habits of our clients and their attitudes towards credit cards. With over 70% of the population having a credit card, with an average balance owing of $3,083, having a credit card is a part of our culture.
Ok, so there has been a lot of talk about the superannuation changes along with a lot of newspaper column inches devoted to the topic, and it can be quite confusing.
Centrelink Changes on January 2017
We have communicated to you earlier regarding these changes and they are now around the corner.
Let’s recap.
There are two changes to the social security pension Assets Test on 1 January 2017:
An increase to the Assets Test thresholds (see Table 1), and
Doubling of the taper rate from $1.50 to $3 per $1,000 of assets per fortnight.
The Kmart Wishing Tree Appeal is helping to show others that they are not alone by collecting gifts for those who would otherwise go without this Christmas.
The Appeal is the largest and longest running Christmas Appeal, with next year being their 30th anniversary.
This is the third year Rothgard has been involved with the Kmart Wishing Tree Appeal and we’d love your help.
President Obama proclaimed in the midst of vote counting yesterday that ‘whatever happens, the sun will rise in the morning’.
And he was right.
America has woken up to the reality of a Trump Presidency.
There has been much speculation of late about what a Trump Presidency would bring not only to the Oval Office, but to world relations – and of course investment markets.
Investors do not like uncertainty. They really don’t.
