CAFSG – Quarterly Newsletter – March 2014

Welcome to CA’s Quarterly Newsletter

We hope that 2014 is off to a great start for you.  The year has begun on a very positive note at CA – we have a new member in our growing mortgage broking area as well as a new Account Manager in our Corporate Super area.

As always, we are conducting ongoing client reviews and it is inspiring to catch up with our clients who feel secure and empowered at having taken control of their financial future. Of course, if you ever have any questions, or would like to meet outside of your standard review meetings, feel free to contact us. We are here to help no matter what your query.

In this quarter’s newsletter we provide an economic update from Dr Shane Oliver. Also included is a reflective Adviser Article by Michael Horan on personal insurances as well as details on an important Superannuation announcement by the ATO.

CA News

Welcome Matt and Simon

Christmas Calendarshutterstock_95097904We welcome Matt Lewis who joins Ken Batten in our growing mortgage broking division. Matt joins us from St George Bank and is doing a great job supporting Ken and our clients with our range of broking services, including; analysing the client’s needs, loan structuring, home loan selection, and the loan application and settlement process.

Please give us a call anytime if you would like assistance in this area or to simply have a chat.

Simon Singh joins CA as our Corporate Super Account Manager. Simon has over 8 years of experience in financial services namely within client relations across superannuation, insurance and investments.

Super Update – great news!

The ATO has just released updated super thresholds that will apply from 1 July 2014. Here’s a quick summary:shutterstock_86289994

  • The concessional contributions cap will increase from $25,000 to $30,000.
  • For those who meet certain age qualifications the cap has already been raised. Those aged 60 and over in the current financial year have a salary sacrifice cap of $35,000 and this higher cap will be expanded from the 2014-15 financial year to cover everyone over 50.
  • The potential flow on effect of the small increase in the concessional cap means significant increases for non-concessional contributions from $150,000 to $180,000.

These changes effectively mean that you will be able to channel more surplus cash into super and utilise strategies such as salary sacrifice to greater effect. Salary sacrificing is a powerful way to save for retirement for most people as the contributions tax on super is 15 per cent compared with your marginal income tax rate. And it is taxed at a low rate once inside super.

Super thresholds and super in general can be a complex area but that’s exactly what we are here for! Please contact your Financial Adviser to discuss how these changes affect you and can be used to help boost your retirement savings. 

Economic Update

2014 – A list of lists

AMP Capital’s Head of Investment Strategy and Chief Economist, Shane Oliver, shares his outlook for 2014.

From the Adviser’s Desk

Saving is a Family Affair

shutterstock_77614246You eat together, play together and live under the same roof – so why not save together?  Saving is a life skill and it is never too early to start learning. In this article we discuss some simple saving strategies which will stand your kids in good stead for the future.

A Matter of Priorities 

Personal insurances are a complex but extremely important area of financial planning. In this article Michael Horan, reflects on why the majority of Australians don’t protect their most valuable asset – themselves. 

For a quick summary of personal insurances you might like to view and pass on the following video to your family and friends.

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