Edney Ryan Wealth Management

Superannuation Update

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

Superannuation Pension – Minimum Drawdown Relief Extended The temporary 50% reduction to the minimum income drawdown from superannuation pensions has been extended until 30 June 2022. This measure helps to minimise the need to sell down assets in depressed markets, and has been extended due to the impact of the Covid-19 crisis on some retirees’ superannuation account balances. For the... Read more

Increases to Super Contribution Caps

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

From 1 July 2021, superannuation contribution caps will increase due to indexation – a positive change that allows for greater superannuation amounts. The concessional contribution cap is set to increase from $25,000 p.a. to $27,500 p.a. The standard non-concessional contribution cap is calculated as four times the concessional contributions cap, so is set to increase from $100,000 to $110,000. The... Read more

In this edition of Oliver’s Insights, Shane Oliver looks at the projections for the coming budget deficit and the impact on Australia’s net public debt due to coronavirus, and whether it is affordable. Key Points Australia’s federal budget deficit is expected to peak at around $200bn in 2020-21, or around 10% of GDP which will be the highest since the end... Read more

In a time when blanket coverage of coronavirus and its impact on the economy can lead to a lot of confusion, Shane Oliver this week discusses the good news, the bad news, and what it all means for investors. Key Points After a strong rally, in the short-term shares are vulnerable to bleak economic and earnings news. However, positive news... Read more

In Shane Oliver’s latest article he discusses quantitative easing, the role it is playing in the coronavirus economic rescue globally, and the implications for investors. Key Points Central bank support to ensure the flow of money and credit through economies is an essential part of the global and Australian coronavirus economic rescue. This has increasingly involved quantitative easing which entails... Read more

More from Shane Oliver this week on the coronavirus pandemic and its impact on the way we live and as a result on investment markets. In this article Shane addresses some questions, such as: why does a big part of the economy have to go into “hibernation”? how long might it be for? how big will the hit to the economy... Read more

Coronavirus Related Superannuation Changes

Written by Kate O'Brien, Managing Director - Edney Ryan Wealth Management

Two measures announced in the Government’s stimulus package are changes related to superannuation. Superannuation Pension Streams Reduced The Government is temporarily reducing superannuation minimum drawdown requirements for account-based pensions and similar products. This is of benefit to retirees holding these products, by reducing the need to sell investment assets to fund minimum drawdown requirements. The minimum annual amount that you’re... Read more

Shane Oliver looks back at the bear markets in Australia since 1900, and discusses whether we are headed for a recession, a depression or something unprecedented. He asserts that growth could rebound quickly once the virus is under control and policy stimulus impacts. Key Points Global share markets have fallen into a bear market, but whether this turns out to... Read more

We can always count on Shane Oliver to keep us balanced and focused on the basics during times of uncertainty. In his latest article, he reminds us of five critical aspects of investing in times of market stress. Key Points Successful investing can be really difficult in times like the present with immense uncertainty around the impact of coronavirus on the... Read more

The Correction in Equity Markets Caused by Coronavirus Fears

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

We have seen a major correction in all equity markets around the globe, as investors react to the impact of coronavirus on company profits. Travel bans and factory closures will certainly have an impact on global economic growth and activity. Uncertainty and fear are leading many investors to sell indiscriminately as they try to reduce their overall exposure to the... Read more