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Has the self-managed superannuation funds sector peaked?

Posted on Jan 23, 2016

The meteoric rise of self-managed superannuation funds may have ended with the sector’s share of Australia’s $2 trillion super savings falling below 30% in 2015 to a five-year low, according to AFR‘s Joanna Mather.  But Pitcher Partners’ Brad Twentyman doesn’t necessarily see a trend in the statistics.

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Sharemarket plays havoc with retiree nest eggs

Posted on Jan 22, 2016

SHARE market turmoil is denting retirement nest eggs, but workers and retirees are being urged not to panic, according to the Herald Sun’s John Dagge.

In the article, Pitcher Partners wealth management head Charlie Viola said retirees should review their income stream every six to 12 months.

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What do you do when the RBS tells clients to ‘sell everything’?

Posted on Jan 20, 2016

The Australian Financial Review’s Agnes King reports a Penrith businessman liquidated half of his multimillion-dollar investment portfolio to snap up stressed assets as markets head south. Many people have been sitting on cash stockpiles waiting for the market to correct. Pitcher Partners’ Adrian Clerici says a substantial portion of this cash comes from business sales as asset values have recovered.

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What’s the tax advice on hobby farms?

Posted on Jan 16, 2016

Sales of hobby farms are booming as a new generation seeks to escape the city, according to Duncan Hughes in the Australian Financial Review. Hughes said accountants and lawyers who advise hobby farmers recommend creating a long-term plan that allows for planning regulations, taxation and the length of time, cost and effort it might take to eventually make a profit.

Tax specialist Ross Higgins, group leader of the tax and wealth practice group at Rigby Cooke Lawyers, recommends consulting an adviser about possible deductions on capital equipment and expenditure and tax liabilities that arise from earning an assessable income. Read More

Removing CGT exemption for family homes over $2mil

Posted on Jan 13, 2016

Accountants criticised a plan to tax profits on the sale of family homes worth more than $2 million, calling the idea floated by the Australia Institute “a desperate short-term fix to a budget hole” that would drive up house prices and choke supply of inner-city dwellings, according to Agnes King and Larry Schlesinger in the Australian Financial Review. 

Pitcher Partners tax adviser Adrian Clerici said the plan would discourage people from selling the family home, driving up inner-city property prices and pushing supply out to developing suburbs. Read More

It’s volatile times when the Royal Bank of Scotland says ‘sell’

Posted on Jan 13, 2016

The Courier Mail’s Glen Norris said the ASX 200 fell for an eighth straight session yesterday after the Royal Bank of Scotland warned investors to “sell everything” and prepare for a “cataclysmic year” that could see bourses around the world plummet by 20 per cent.

Pitcher Partners director of wealth management David Lane said the fundamentals of the global economy were stronger than RBS’s pessimistic outlook. Read More

Why 2016 is shaping up to be a banner year for M&As

Posted on Jan 13, 2016

Just as Malcolm Turnbull’s leadership has breathed new life into the federal government, it has also led to renewed confidence and activity in mergers and acquisitions.

Australia’s economic fundamentals have not necessarily improved since Turnbull became prime minister, in fact they have arguably worsened, but Turnbull’s ascension and early signs of his agenda on tax reform and innovation have resulted in the sort of stability and optimism that M&A markets have been crying out for.

After a slow third quarter for middle market M&A activity, 2015 ended strong, and Pitcher Partners is expecting a strong first quarter in 2016 off the back of increased confidence in the government’s agenda and direction. Read More

Why Australian retirees keep their super in savings

Posted on Jan 12, 2016

Australian retirees are holding onto their superannuation and only spending the government mandated minimum, according to SmartCompany’s Ronelle Richards quoting  research undertaken by the CSIRO.

Pitcher Partners Investment Advisory’s Adam Stanley says one reason might be that retirees want to have something to pass onto dependents like spouses and children. Read More

Should your super contributions be brought forward?

Posted on Jan 10, 2016

The Australian Financial Review‘s Agnes King says taking a short-term loan to top up superannuation could be a legitimate strategy for some if flagged changes to thresholds or tax rates by the Treasurer start to firm up.

“We’re not massive advocates of it,” said Pitcher Partners wealth management partner Charlie Viola.  Read More

Qld stock winners prove mettle in tough times

Posted on Jan 4, 2016

Pitcher Partners director of wealth management David Lane talks to The Courier Mail’s Glen Norris re Queensland companies’ performance on a volatile stock market.

Mr Lane said Queensland lenders had done relatively better during the year than big national banks, thanks to the buoyant state of the property market.


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