12 Budget Briefing
Refund of excess concessional contributions.
Max $10,000 concessional
From July 1, 2011
Doesn’t address previous concessional contributions
Errors not picked up for years (ATO way behind)
Fails to address impact on large non
Minimum payment draw down relief extended in 2011/12.
Extension of reduced amounts for 2011/12 at 75%, rather than 50% currently
Back to normal levels from 01/07/2012.
Review with your adviser, we can easily adjust levels for you.
Jackie, age 60 has an Account Based Pension to the value
of $400,000 and has elected to take the minimum pension
Required draw down 2010/11 =
Concessional contributions cap
Continuation of $50,000 concessional cap for those
over 50 from 2012,
their account is less than
How and when will the $500,000 be counted?
Will pensions, withdrawals etc be added back?
This has got “Stuff Up” written all over it!
Those still working with balances close to $500,000
could consider various strategies to stay under the
$500,000 level and therefore potentially extend their
ability to heavily salary sacrifice.
Review with your adviser
Limitation of the ability of minors (children under
age 18) to access the low income tax offset (LITO)
from 1 July 2011.
Tax rates unchanged however a temporary flood
and reconstruction levy introduced from 1 July
2011 for individuals earning more than $50,000.
Car Fringe Benefits Tax
factors using the statutory method will be replaced
by a single valuation factor of 20% by 1 April
2011 Budget Briefing
Your current portfolio
Specialist Fund Managers
Blend of Styles in portfolio
4 Australian Shares
Why Change ?
Times have changed
Markets are more volatile
Proven 94% return generated by asset allocation
More efficient portfolios
Potentially increase returns
Long term outlook
5 to 10 years
works right through the cycle
based on fact… not emotion
authority to change profile
CFS = T+1
Tactical Asset Allocation
Enables us to monitor Asset Classes for Overselling and Overbuying
Active Management Approach
Core of your new
Enhanced Index Funds
Active Alpha Management
Can move quickly
Low correlated, complement core component
Efficient / responsive
Huge in the
world, 1% in
small in world
New Core Satellite Approach
10 Actively managed portfolios
Portfolios updated as necessary
Client portfolio updates implemented immediately
Record of advice provided
Plus all usual services
Seminars, Monthly Newsletters
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