In his first budget on Tuesday, Treasurer Jim Chalmers handed down a conservative budget as Labor sought to meet its pre-election commitments.
READ MORESuper changes from July 2022
When the 2021 budget was handed down, a number of changes were proposed to superannuation. Legislation changes generally take some time and recently, most of these were passed, albeit they don’t apply until 1 July 2022. Work test requirements For those over aged between 67 and 74 wanting to contribute to super, there is a […]
READ MOREFederal Budget 2022 Snapshot
Once again, a budget windfall, thanks to higher commodity prices, has allowed the government to spend more and forecast lower budget deficits. The 2022-23 deficit is now forecast to be $80 billion lower than last year’s estimate. Given a federal election is looming, this budget was somewhat constrained on the spending side compared to prior […]
READ MOREWhen conflicted advice turns ugly
You may have seen in the news recently that Dixon Advisory Superannuation Services, Australia’s fourth largest superannuation advice firm, was placed into voluntary administration. It represents stress and potential losses for their thousands of clients and another big reputational hit to our industry. What went wrong? It wasn’t because their accounting software failed or tax […]
READ MORE2022 – the year you make those promised changes
Like many Australians, the last couple of years have led us to critically examine what’s important in life. What have we achieved since the start of the pandemic (even if that’s just making it through relatively unscathed), and what have we resolved to change this year? 2022 provides a fresh start, a time to change […]
READ MORES&P/ASX 200 to hit 15,600
Tis the season for predictions no matter how ludicrous they may seem. After seeing numerous articles on the predictions of Nostradamus and Baba Vanga, I thought I would throw my hat into the ring as well. Here is a link on Baba Vanga as I know you want to find out more. So, just how […]
READ MOREHappy holidays
After another tough year, we hope you’ve come through unscathed and are looking forward to relaxing and spending time with loved ones over the festive period. And if you are getting away over the holidays, good luck and travel safely. Our office will be closed from Thursday, 23 December, and we’ll be back on Wednesday, […]
READ MOREBack stronger!
So the last two junior footy seasons have largely been a write-off, we had our team presentation in the rain three weeks into the cricket season, and our slightly disheveled sign looks how we all feel after the last couple of years. But Keep Wealth are proud to have maintained our sponsorship of the mighty […]
READ MOREIs China’s Evergrande crisis the start of the next Global Financial Crisis?
In a world of headlines and 30 second attention spans, the crisis engulfing China’s second largest property developer, Evergrande, certainly brings back painful memories of the Lehman Brothers collapse and the Global Financial Crisis (GFC). But is this an accurate depiction of what is to come or merely another round of scaremongering? There is definitely one key similarity – both started in […]
READ MORELockdown 5, 6, 7… Should I take a brolly? What shoes should I wear?
You know when you’re scrolling through the weather app and it gives a ‘chance of rain’ percentage and ‘possible rainfall’ millimetres measure? A good way of processing this when leaving your house is to think of it as: do I need a brolly, and what shoes should I wear? So a 100% chance of say […]
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