By MLC Market Watch Team
Wednesday, May 13th, 2009
MLC technical expert Gemma Dale has examined the Budget and identified the key areas likely to affect investors.
In the video, Gemma looks at some of the key measures announced in the Budget including:
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- changes to the private health rebate system
- the planned continuation of the first homer buyers’ grant
- amendments to the Family Tax Benefit
- the introduction of a paid parental leave scheme in 2011
- an increase in the full Age Pension for both singles and couples
- a progressive increase in the Age Pension age to 67 in 2017, and
- changes to the tax treatment of employee share schemes.
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Gemma Dale leads a team of technical specialists at MLC responsible for providing information to advisers and investors on a range of superannuation, tax and social security issues.
View the
Budget video here.
Tags: 2009 Federal Budget, Gemma Dale, investing
Posted in Economic analysis, Economic update, Investments, Pensions, Retirement, Super | Comments Off
By MLC Market Watch Team
Wednesday, May 13th, 2009
Self-funded retirees who are invested in the sharemarket have arguably been the hardest hit by the global financial crisis.
Many may now be wondering if they should move their account-based pension into a more conservative investment portfolio, which contains less growth assets such as shares and property.
So we went back through history to see the impact that switching to a more conservative portfolio would have had, if done after a major market fall.
We also outline some strategies you could discuss with your financial adviser to help you weather the storm.
What is an account-based pension?
Before we reveal the lessons we can learn from history, we thought it was worthwhile going back to basics to explain how account-based pensions work.
An account-based pension enables you to invest your superannuation savings and receive a tax-effective income to help meet your living expenses.
(more…)
Tags: Centrelink, investing, Pension, recovery, Retirement, self-funded retirees, Super
Posted in Financial advice, Investments, Market, Pensions, Retirement, Super | Comments Off