Edition No. 18 | 26 August 2014

August 2014 Newsletter

ONLY A FEW MORE DAYS AND IT WILL BE SPRING!

Spring brings change. Sometimes change can be good but it can also be a disaster!

This month we've included an article " Five Ways To Avoid A Sea Or Tree Change Distater". It's worth a read!

With the good returns from most super funds we have included an article about adding a lump sum to your super- not a bad idea for the right people!

The Government are again changing retirement rules, so we have included a article on the "deeming for social security".

We conclude with the August Update with an article from our good friend Brian Parker.

Please contact us with any quieries.

Graeme

Five ways to avoid sea or tree change disaster

The reality of a sea or tree change can be quite different from the fantasy of walking on the beach or sitting on the verandah, gazing at rolling hills. If you’re thinking about doing a sea or tree change, here are five important things to do before you start packing...

Put your tax return to work

Putting your tax return into your super can give your retirement nest egg a decent boost — while taking advantage of another tax benefit. We all love getting something back from the taxman. And many of us spend it as fast as it arrives. But if you’re getting a tax return this year it’s worth considering putting it to better use — as a personal contribution to your super account.

Deeming of ABPs: impact and opportunities?

Legislation has passed which means that from 1 January 2015 the assessment of income from some account based pensions for social security purposes will change. For some people, there will be no change to their assessment. For others, the changes may impact the amount of benefits received now, or in the future. We examine the change in more detail to help you understand whether or not you may be impacted.

August economic update

Brian Parker, Head of the Portfolio Specialists Group at MLC, reviews events in markets during July.

He discusses:

How Australia's market had a very strong month, while world share markets delivered mixed performance
Why economic news from the US and recent data from China are positive, but Europe's recovery remains very fragile
Whether Australia's exports and non-mining economy can offset the decline in mining investment, and
How MLC's multi-asset portfolios are positioned.

To find out more:

Download the 2 page August economic update.

August economic update - Watch the video

In this edition

	Five ways to avoid sea or tree change disaster
	Put your tax return to work
	Deeming of ABPs: impact and opportunities?
	August economic update

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Clare Financial Services Pty Ltd is an authorised Representative of Consultum Financial Advisers Pty Ltd, ABN 65 006 373 995, AFSL Number 230323 an Australian Financial Services Licensee, Registered office at Level6, 161 Collins Street Melbourne Vic 3000

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change.