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The strong economic times have continued since our last newsletter. However, volatility in all financial markets continues to increase. What does it mean for investors? First, make sure that your overall strategy in relation to taxation and superannuation is right. Second, make sure you have investment strategies that are likely to assist managing this increased volatility. I commend you to use all our services here at Dixon Advisory where we have the massive benefit of being led by Daryl Dixon and Max Walsh. Daryl and Max are industry leaders and have the benefit of over 40 years of real investment and strategy experience.
We hope this newsletter gives you a few ideas and we look forward to helping you in 2008 and beyond.
Best Regards,
Alan Dixon
Managing Director
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CHANGE OF GOVERNMENT
The November 24 Federal Election saw a change of government with Kevin Rudd to be the next Prime Minister of Australia. Importantly, we see no substantial changes to Australia’s excellent superannuation system. It is too early to be certain of which promises will make it into law in Mr Rudd’s first term, but we cover three that if passed, may affect many Dixon Advisory readers and their families:
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Change to Tax Rates; |
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First Home Buyers through the First Home Saver Accounts; and |
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Education rebates for Family Tax Benefit A recipients |
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ACCESSING THE COMMONWEALTH SENIORS HEALTH CARD
Commonwealth Seniors Health Card – Funded superannuation becoming tax-free and non-assessable for over 60s from 1 July 2007 has meant many more people are now eligible for the Commonwealth Seniors Health Card.
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THE PENSION ASSETS TEST - POST 20 SEPTEMBER, 2007
The large increase in the maximum amount of assets allowable for those seeking Age, DVA and other pensions since 20 September 2007 has meant many more people are now eligible for these pensions. Further, those eligible and with SMSFs should see their advisor to look at further maximizing their pension benefits.
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COMMENCING ACCOUNT - BASED PENSIONS
Commence a pension from your super fund – If you are over 60 and have not commenced a Pension from your SMSF or public offer super fund – you are losing money!! Between 55 and 59 there are also strong cases to start a pension. This does not apply to defined benefits funds such as CSS, PSS, MSBS, DFRDB and the old SSS.
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DIXON ADVISORY COMPLETES 7 LARGE TRANSACTIONS IN THE FIRST 5 MONTHS OF THE FINANCIAL YEAR
Dixon Advisory continues to provide exciting investment opportunities at wholesale rates. In the last 5 months Dixon Advisory has been involved in over $180m of deals, the majority at wholesale rates below prevailing market prices. There have also been innovative investment opportunities into Gold and Asian Equities.
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REMINDER ON CONTRIBUTION LIMITS
The super changes since 1 July 2007 have made super even more attractive. However, it is very important to stay inside your maximum contribution limits.
The changes to the superannuation system, effective 1 July 2007, have made superannuation an even more attractive investment vehicle, however it is important to understand the new rules to avoid negative consequences. Staying within the new contribution limits detailed below will ensure you do not receive a penalty tax bill (which can be as high as 93%!)
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DIXON ADVISORY’S COMPLETE FINANCIAL SOLUTIONS
As we have grown, we have added to the amount of services available to our clients. Our strategy and investment philosophies are driven by our Chairman, Daryl Dixon and Deputy Chairman, Max Walsh. Read here for a quick overview of Dixon Advisory’s current services that may be of interest to you.
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 POLL
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 DID YOU KNOW...
Did you know that Daryl Dixon writes for the Canberra Times every Sunday? All articles can be found on our website at www.dixon.com.au under news.
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ABC RADIO
Throughout the year Daryl talks with Tony Delroy on ABC radio nightlife. For times and dates please visit our website under news or email admin@dixon.com.au and request to be informed when times have been scheduled.
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PREMIUM UPDATES
Dixon Advisory’s premium clients have been enjoying Max Walsh’s economic update reports each week. We are sure you will equally enjoy receiving Daryl Dixon’s reports each week commencing December. |
CHRISTMAS AND NEW YEAR BREAK
To all clients, please be advised that Dixon Advisory will be closed from the 22nd of December to the 6th of January.
For all stock broking enquires or to place an order during this time, please call our toll free number 1300 667 654, there will be staff working during the Christmas period, except for the public holidays, who will be available to take your call. Please be advised that on the 24th and the 31st of December, the stock market will close at 2pm so any orders need to be phoned through in the morning.
The staff at Dixon Advisory wish you a safe and enjoyable holiday break.
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