june 2015 · selfmanagedsuper.com.au and selfmanagedpensions.com.au are corporate authorised...

selfmanagedsuper.com.au and selfmanagedpensions.com.au are corporate authorised representatives of Self Managed Super Institute Pty Limited, AFSL 292925. Registered office, 32 Delhi Rd, North Ryde NSW 2113. Postal address, PO Box 115 North Ryde BC NSW 1670. General Advice Warning: This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information. Investment Performance: Past performance is not a reliable guide to future returns as future returns may differ from and be more or less volatile than past returns. June 2015 Winter is here, the perfect time to rug up and plan a mid-year break to the snow or to warmer climates. But before you head off, June is also the month to take advantage of any last minute opportunities to reduce your tax bill before the end of the financial year. Small business owners have even more incentive to explore last minute tax planning, after a 100 per cent deduction for assets up to $20,000 was announced in the May budget. The early signs are that the budget’s focus on small business stimulus measures was well targeted. The Australian Bureau of Statistics’ May survey of private capital expenditure showed a marked uptick in spending intentions for 2015-16 by the services sector, where small businesses tend to operate. Between February and May this year, estimated capital expenditure for 2015-16 fell 35 per cent for miners but rose 4.2 per cent for manufacturers and 6.6 per cent for services. Consumer confidence is also improving; it hit a six-month high post budget with 27 per cent of consumers positive about their financial outlook compared with just five per cent a year earlier. The ANZ/Roy Morgan consumer confidence rating rose 3.6 per cent in budget week before easing one per cent the following week. If people feel positive about their finances they are more likely to spend, which is good for the economy. Self Managed Super Institute Level 4 32 Delhi Rd North Ryde NSW 2113 P 02 9887 1700 F 02 9870 7556 E [email protected] W www.selfmanagedsuper.com.au

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Page 1: June 2015 · selfmanagedsuper.com.au and selfmanagedpensions.com.au are corporate authorised representatives of Self Managed Super Institute Pty Limited, AFSL 292925

selfmanagedsuper.com.au and selfmanagedpensions.com.au are corporate authorised representatives of Self Managed Super Institute Pty Limited, AFSL 292925. Registered office, 32 Delhi Rd, North Ryde NSW 2113. Postal address, PO Box 115 North Ryde BC NSW 1670. General Advice Warning: This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information. Investment Performance: Past performance is not a reliable guide to future returns as future returns may differ from and be more or less volatile than past returns.

June 2015Winter is here, the perfect time to rug up and plan a mid-year break to the snow or to warmer climates. But before you head off, June is also the month to take advantage of any last minute opportunities to reduce your tax bill before the end of the financial year. Small business owners have even more incentive to explore last minute tax planning, after a 100 per cent deduction for assets up to $20,000 was announced in the May budget. The early signs are that the budget’s focus on small business stimulus measures was well targeted. The Australian Bureau of Statistics’ May survey of private capital expenditure showed a marked uptick in spending intentions for 2015-16 by the services sector, where small businesses tend to operate. Between February and May this year, estimated capital expenditure for 2015-16 fell 35 per cent for miners but rose 4.2 per cent for manufacturers and 6.6 per cent for services. Consumer confidence is also improving; it hit a six-month high post budget with 27 per cent of consumers positive about their financial outlook compared with just five per cent a year earlier. The ANZ/Roy Morgan consumer confidence rating rose 3.6 per cent in budget week before easing one per cent the following week. If people feel positive about their finances they are more likely to spend, which is good for the economy.

Self Managed Super Institute Level 4 32 Delhi Rd North Ryde NSW 2113 P 02 9887 1700 F 02 9870 7556 E [email protected] W www.selfmanagedsuper.com.au