CCA Financial Planners

2014 Federal Budget summary

The key initiatives in this year’s Federal Budget include: • A Temporary Budget Repair Levy of 2% will be payable on taxable incomes over $180,000 pa for the next three financial years. • The levy will increase the Fringe Benefits Tax rate to 49% for three years, starting on 1 April 2015. • Changes to…

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$7 Medicare Co-payment for Australians in budget

UncategorizedBy Christopher Cachia 13.05.14

In the Budget Speech 2014-2015 delivered on 13 MAY 2014 on the Second Reading of the Appropriation Bill (No. 1) 2014‑15 by the Honourable J. B. Hockey MP, Treasurer of the Commonwealth of Australia, Medicare Co-contribution has been introduced. The Medical Research Future Fund will receive all the savings from the introduction of a $7…

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Government Audit proposals 2014

Finance, Financial PlanningBy Christopher Cachia 02.05.14

The National Commission of Audit report (released 1 May 2014) contains 86 recommendations aimed at saving the budget up to $70 billion annually. The key recommendations affecting financial planning strategies are outlined below. Note: these are proposals only and may not be in the Budget or passed into law. Superannuation Superannuation preservation age •• Preservation…

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Oliver’s Insights: 21 great investment quotes

FinanceBy Christopher Cachia 02.05.14

Investing can be scary and confusing at times. But the basic principles of successful investing are timeless and quotes from some experts help illuminate these. This note looks at those at which Dr Shane Oliver finds most insightful. Read More about great investment quotes

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Federal Budget 2014 2015

Finance, Financial PlanningBy Christopher Cachia 02.04.14

Budget Highlights Introducing a Temporary Budget Repair Levy on incomes over $180,000 for the three years from 2014‑15. Requiring young people to be earning, learning or participating in Work for the Dole Tightening the eligibility for Family Tax Benefit Part B (FTB-B). Low income single parents will be assisted with a new allowance of $750…

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Oliver’s Insights: Common myths and mistakes of investing

FinanceBy Christopher Cachia 27.03.14

Oliver’s Insights: Common myths and mistakes of investing Key points are as follows… Investors frequently employ common sense rules of thumb that often turn out to be wrong. Because investment markets are forward looking it often makes sense to turn common sense logic on its head. Download the Report

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