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The Australian Government’s proposed Division 296 legislation, expected to begin on 1 July 2025, introduces a new 15% tax on earnings linked to the portion of an individual’s Total Superannuation Balance (TSB) exceeding $3 million.
Read More...Summary Global and domestic equity markets delivered strong performance in July, supported by resilient company fundamentals and improved investor sentiment amid greater clarity on US trade tariffs. Commodity prices rallied in response to newly announced tariff measures, while bond markets remained stable as central banks adopted a more cautious stance, awaiting clearer evidence on how
Read More...The 2025 financial year unfolded in two distinct phases. The first six months were marked by strong equity market performance, supported by solid corporate earnings, stable economic growth, and declining inflation trending towards central bank targets. As the calendar year began, geopolitical uncertainty took hold, with US trade policy becoming a key concern for markets.
Read More...Overview The June quarter was marked by a remarkable level of uncertainty and volatility, with some of the most significant market movements seen in recent years, excluding the extraordinary period during COVID-19. The quarter started with the April 2nd ‘Liberation Day’, on which President Trump announced tariffs on all US trading partners on a scale
Read More...Summary The Trump administration announced reciprocal tariffs in early April, in what was labelled ‘Liberation Day’. The scale of tariffs was much higher than expected, triggering a plunge in global equity markets and a spike in volatility to the highest levels in five years. These reactions were fuelled by concerns of a potential US recession
Read More...Overview Global equity markets started 2025 with a strong January with markets rising to all-time highs, however sentiment quickly turned negative for equities as the Trump administration began implementing aggressive policies against trade partners, seeking to change the balance of global commerce and trade. This has been broadly seen as negative for the global economy
Read More...In summary Global equity markets incurred a major selloff in the first quarter of 2025 after reaching all-time highs in mid-February. After cheering the expected pro-growth policies of the Trump administration, market sentiment shifted abruptly negative as investors reacted to the vastly more hostile US trade policies and the lack of clarity on when growth-oriented
Read More...Treasurer Jim Chalmers delivered the 2025 Federal Budget last night, focusing on cost-of-living relief, healthcare, housing, and economic resilience. But what does this mean for you, your family, and your financial future? Here’s a breakdown of how these changes might impact your day-to-day life and long-term plans. Personal Income Tax Cuts The lowest individual marginal
Read More...Summary US tariff concerns continue to weigh on global investor sentiment. Softer US economic data and stable inflation have strengthened expectations for US rate cuts in 2025. In Australia, a solid earnings season and the first cash rate reduction since 2020 did little to lift the share market. Economic indicators suggested a more supportive outlook
Read More...2024 Year in Review 2024 was a strong year for equity investors. Resilient economic growth and robust corporate earnings, particularly from US companies, supported equity markets. Moderating inflation paved the way for easier global monetary policy which further supported equity market sentiment but did little to lift bond markets which ended a volatile year well
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