Budget 2015: Pensioners
Asset test changes Date of effect: From 1 January 2017 As previously announced, the Government will increase the asset test thresholds and the withdrawal rate at which pensions are reduced once the threshold is exceeded.…
Budget 2015: Individuals
Tax changes to work related car expenses Date of effect: From 2015/2016 income year The way work related deductions for car expenses are calculated will change. The '12% of original value method' and the 'one‑third of…
Budget 2015: Superannuation
Dying able to access their super earlier Date of effect: From 1 July 2015 After a few horrible cases where terminally ill people could not access their superannuation, the Government is changing the rules to…
Budget 2015: Farmers
Immediate deductions for fencing and water facilities Date of effect: For income years on or after 1 July 2016 From 1 July 2016, primary producers will be able to immediately deduct capital expenditure on fencing…
Super contributions: what you need to know
Topping up your superannuation just got a little less dangerous with new rules that allow excess non-concessional contributions to be refunded. Before the change, a huge number of people were penalised by excess concessional contributions…
Banks entering uncharted waters
The major bank reporting season kicks off in May. For the three banks reporting Morgans forecast 1H15 cash EPS growth of 3.0% on pcp, and DPS growth of 4.4%. On aggregate they expect margins to be off 4bps sequentially, and the…
Reserve Banks lowers cash rate
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015. The global economy is…
Team Profile: Peter Afford
This month we caught up with PPT Director Peter Afford to chat about his professional experience and his interests away from work, which includes plenty of sport and community activities. Where are you originally from? I grew up…
Reserve Bank leaves rates on hold
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.25 per cent. Growth in the global economy continued at a moderate pace…
What to expect in 2015
It’s almost impossible to predict what the local and global economic environment has in store for us in 2015. The ‘who knows’ factor is adding to uncertainty and in general, business is not ramping up…
