Coronavirus Related Superannuation Changes
Written by Kate O'Brien, Managing Director - Edney Ryan Wealth ManagementTwo 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
The Correction in Equity Markets Caused by Coronavirus Fears
Written by Kate O'Brien, Director - Edney Ryan Wealth ManagementWe 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
Shane Oliver’s latest article looks at the increasing spread of coronavirus. Key Points: While reported new coronavirus cases in China have slowed, the pickup in cases outside China has led to a renewed sharp fall in share markets, commodity prices and bond yields. Our base case is that the outbreak will be contained allowing share markets and bond yields to... Read more
There is no doubt, there are reasons to have some concern about the global economic outlook. Talk of looming financial disaster does appear to have gained momentum recently. These heightened fears are based upon the following observations: Global debt is at record levels relative to GDP, which leaves little room for additional fiscal measures if they are required down the... Read more
Changes to Single Touch Payroll Now in Effect
Written by Evelyn Christian, Director - Edney Ryan Chartered AccountantsMandatory Single Touch Payroll (STP) reporting for all Australian business owners commenced from July 1 of this year. While STP reporting for businesses with 20 or more employees has been in effect for over a year, from July 1st businesses that employ 19 or less employees also need to report via STP. While the way employees are paid won’t change,... Read more
We’ve just published our latest Tax and Super Quick Reference Guide. If you’d like to receive a copy, please provide your mailing address to marketing@edneyryan.com.au.
What’s New With Super – An Update on Recent Changes
Written by Kate O'Brien, Managing Director - Edney Ryan Wealth ManagementThe new financial year has heralded some big changes to superannuation legislation. New laws include several measures designed to better protect your retirement savings, so they aren’t eroded by fees and insurance premiums. They also include some significant opportunities for those in early retirement. To help you better understand what this means for your retirement savings, we’ve outlined some of... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, 27 March 2018 Key points Australian growth is likely to be weak over the next year or so and this will prompt further monetary easing and fiscal stimulus. However, several positives suggest recession is unlikely: the current account deficit has collapsed; the $A helps stabilise... Read more
Edney Ryan Wealth Management has been named Hillross Advisory Firm of the Year for 2018. This national award recognises the firm which has demonstrated the highest standards of professionalism, operational excellence, superior client service, advice delivery and implementation. Independent client research through the Beddoes Institute was instrumental in deciding the award winner, as was a demonstrated commitment to excellence in personal... Read more
The Rules to Investing During Times of Uncertainty
Written by Kate O'Brien, Managing Director - Edney Ryan Wealth ManagementIn a recent edition of Oliver’s Insights, Dr Shane Oliver outlined his top tips for investing during times of uncertainty. Given the rough and tumble of today’s economic climate, we thought it was worth taking a look at these tips to see how they affect our own Wealth Management clients. 1. Use the Power of Compound Interest Consider this: One... Read more