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So far Russell Jeffrey has created 20 blog entries.

June Newsletter

Please click on the link below to view our latest newsletter: Newsletter Jun 2015 The key topics addressed are Income Protection Planning before June 30 Changes to the automobile industry worldwide We hope you enjoy reading it!

By |2015-06-25T02:13:07+00:00June 25th, 2015|Uncategorized|

Is your Binding Death Benefit Nomination (BDBN) valid?

“Many SMSF members who mistakenly believe their BDBN is secure will have that complacency exposed after their death when their BDBN is rendered invalid,” says Daniel Butler and William Fettes in their article on SMSFAdviser. It’s a scary thought, but one that all SMSF trustees should be aware of to ensure that there estate planning needs are best met. But firstly, what is a BDBN? “A BDBN is a direction by a member to the superannuation fund trustee requiring the trustee to pay the member’s death benefit to the member’s dependant(s) or their legal personal representative (‘LPR’) (ie, the executor/executrix)”. Whilst this sounds complex, two important things to note from this is firstly ensuring you nominate a dependant as defined under the Superannuation Industry (Supervision) [...]

By |2017-07-07T12:16:44+00:00June 22nd, 2015|Uncategorized|

Federal Budget

With the Commonwealth Government recently announcing its latest budget, we spoke to Paul Oliver, National Manager of the Self Managed Super Institute Pty Ltd to find out his thoughts on the latest budget by asking the following questions: 1. How will this budget affect or change the superannuation industry? More specifically, what should self-funded retirees pay particular attention to? "While the budget had no major surprises in the superannuation area, retirees who are currently receiving a part age pension may be impacted by the proposed changes to the assets test that will come into effect from 1 January 2017.  Specifically, under the proposed changes the maximum value of assets retired couples can hold outside the family home and still qualify for a part pension will [...]

By |2015-05-25T23:25:07+00:00May 25th, 2015|Uncategorized|

ETF’s inside SMSF’s: Hedging

The Australian exchange traded fund industry reached a fresh record high of $17.6B, with the industry growing 18% in the first quarter of 2015 according to research from Betashares. Not surprisingly, the majority of these inflows came from international equities, and importantly, the research highlights that “new product development activity remained strong”. So what does this report mean for SMSF trustees? According to an article from “selfmanagedsuper” which features our National Manager, Paul Oliver, the SMSF sector should greatly benefit from this growth and in particular new products. “The theme I’m seeing now is that more self-funded retirees want more predictability and once they sort of understand the products that are out there, they like to have the option of a hedged option to support [...]

By |2017-07-07T12:16:44+00:00May 8th, 2015|Uncategorized|

Salary Sacrificing into Super

With the end of the 2014/2015 financial year quickly approaching, many SMSF trustees are now considering how much they can salary sacrifice into super for the financial year. Self Managed Super Institute’s National Operations Manager, Vincent Ting stresses that the first thing trustees should be aware of is how much they are allowed to salary sacrifice into super to avoid exceeding their contribution cap and paying the highest marginal tax rate plus other tax levies on the excess contribution. If you were born on or prior to 30 Jun 1965, you can receive up to $35,000 of employer contributions in the 2014/2015 financial year and for everyone born after 30 Jun 1965, you can receive $30,000 of employer contributions. Then if you are 65 years [...]

By |2017-07-07T12:16:44+00:00April 27th, 2015|Uncategorized|

How to avoid the big crash of June 2015

The teams at Self Managed Super Institute & Financial Choice are pleased to announce our next investment seminar on how to avoid the big crash of June 2015. This will be held May 11th, 2015 at 6.00pm at the Pullman Hotel, Circular Quay. Our economic forecaster Chris Waitling (founder and CEO) from Longview economics in London will be visiting Australia for a series of client meetings over two days to help high net worth investors prepare for the next economic cycle in Australia and the dramatic impact on interest rates and the share market. This will be extremely helpful for Superannuation investors and retirees to protect their capital from the next downturn that is just around the corner. Chris Waitling is on our investment committee and consults on our model portfolio construction [...]

By |2017-07-07T12:16:44+00:00April 14th, 2015|Uncategorized|

Will Hockey’s super proposal really address housing affordability?

Much has been said recently of Treasurer Joe Hockey’s proposal to allow young Australian’s early access to their superannuation to help them buy their first house. Whilst some in the media have viewed this as a solution to the housing affordability problem currently facing Australia, some, including fellow member of the Liberal Party Malcolm Turnbull, believe this is “a thoroughly bad idea”.   In the Financial Standard, Turnbull has been quoted as saying housing affordability has for many years been a “supply side problem”. With this, Turnbull is highlighting the fact that simply by allowing young Australians to access their superannuation early, this will not address these supply side problems, and in fact, could even add to existing demand which would put upward pressure on [...]

By |2017-07-07T12:16:44+00:00April 1st, 2015|Uncategorized|

It’s time to think about fixed interest

With the Reserve Bank of Australia cutting the cash rate to a record low of 2.25% in February 2015 and signalling it “may need to take a razor to interest rates again”, SMSF trustees are now looking to fixed income rather than relying solely on term deposits as a way to diversify their investment portfolio from traditional asset classes such as shares and property. As outlined in a recent Kaplan Industry report, our National Manager, Paul Oliver believes that the large cash allocation in the sector is largely a big hangover from the GFC as many investors are still “shell-shocked” from the dramatic equity market falls that occurred between 2007 and 2009. Yet as mentioned earlier, with interest rates having recently fallen so quickly and [...]

By |2017-07-07T12:16:44+00:00March 24th, 2015|Uncategorized|

Is your fund manager an index hugger?

A recent report from fund manager, Mercer, has found that many of Australia's biggest fund managers are continuing to charge extremely high fees for managing portfolios that are almost identical to the index they are trying to beat. This practice known as "hugging the benchmark", raises the question as to whether the fees many Australians are paying their fund manager justifies the return they are getting.  According to the May 2014 Mercer Investment funds performance survey, the median Australian shares manager beat the S&P/ASX 300 index by 1.5% before fees and tax over 12 months; however, over five years, the median manager only beat the index by 0.90% p.a. These returns illustrate the point that in many instances the fees Australians are paying their fund [...]

By |2014-07-01T01:58:42+00:00July 1st, 2014|Uncategorized|