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Graham Hand

Most people (and the ATO) do not know their super tax

  No entity holds a consolidated view of the taxable income of super, not even the ATO. So Treasury and the Treasurer adopted a simple method to impose a new tax, and the adverse consequences then started to surface.

10 revelations about the new $3 million super tax

Treasury might not realise, but it's not a 30% tax, it's a completely new tax. And payment will not be due until FY28. Taxing unrealised gains will have major implications and the lack of indexing must change.

How the new super tax will hit large balances

The Government rushed a decision to increase tax on super balances above $3 million. Although the effective date is after the next election, the big surprise is including unrealised capital gains in earnings.

Labor's ‘stability and certainty’ sings from Morrison's hymn sheet

Six years on, the Labor Government used exactly the same words that Treasurer Scott Morrison said in 2016. Before changes in super rules, we are promised "stability and certainty", but the top 1% is too tempting.

Lesson 1: focus on the long term, Lesson 2: see Lesson 1

In this exclusive interview, three global fund managers come together to make the case for long-term, active portfolio management in more difficult times. Passive can no longer rely simply on strong market momentum.

$5 million cap punishes 30 years of super saving

The ATO Commissioner called large super balances "accidents of history" but the industry has rolled over on a $5 million cap. Wealth compounds remarkably over decades and long-term saving should be encouraged.

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Investment strategies

9 lessons from 2024

Key lessons include expensive stocks can always get more expensive, Bitcoin is our tulip mania, follow the smart money, the young are coming with pitchforks on housing, and the importance of staying invested.

Investment strategies

Time to announce the X-factor for 2024

What is the X-factor - the largely unexpected influence that wasn’t thought about when the year began but came from left field to have powerful effects on investment returns - for 2024? It's time to select the winner.

Shares

Australian shares struggle as 2020s reach halfway point

It’s halfway through the 2020s decade and time to get a scorecheck on the Australian stock market. The picture isn't pretty as Aussie shares are having a below-average decade so far, though history shows that all is not lost.

Shares

Is FOMO overruling investment basics?

Four years ago, we introduced our 'bubbles' chart to show how the market had become concentrated in one type of stock and one view of the future. This looks at what, if anything, has changed, and what it means for investors.

Shares

Is Medibank Private a bargain?

Regulatory tensions have weighed on Medibank's share price though it's unlikely that the government will step in and prop up private hospitals. This creates an opportunity to invest in Australia’s largest health insurer.

Shares

Negative correlations, positive allocations

A nascent theme today is that the inverse correlation between bonds and stocks has returned as inflation and economic growth moderate. This broadens the potential for risk-adjusted returns in multi-asset portfolios.

Retirement

The secret to a good retirement

An Australian anthropologist studying Japanese seniors has come to a counter-intuitive conclusion to what makes for a great retirement: she suggests the seeds may be found in how we approach our working years.

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