Library

In our library, you will find the latest financial news, valuable insights and ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

$500,000 non-concessional lifetime cap to be scrapped

In a monumental turnaround, the Federal Government has today made major changes to its superannuation package by dumping highly controversial plans for a $500,000 lifetime cap on non-concessional contributions.

Read more

Small win for SMSF trustees sets the scene for further Budget review

Since the handing down of the Federal Budget in May we have been working closely with a number of SMSF advocacy bodies, including SISFA (of which I am a Director and MGD a founding member) and SMSF Owners’ Alliance, to ensure any proposed changes to SMSF policy translate into level-headed fair regulation.

Read more

New financial year brings renewed focus for MGD

Brisbane-based boutique financial services firm, MGD Wealth, has welcomed yet another high profile specialist to their expanding team in the form of risk and succession expert Andrew Proudfoot. Andrew joins MGD from the banking sector, having worked with nab and Suncorp in senior specialist risk and wealth management roles.

Read more

Decision-making in times of uncertainty

In times of uncertainty, there is a strong natural tendency to stay still, to defer action, to wait and see. Of course time marches on and most people tend to forget that deferring a decision to change because of a lack of clarity about the future is in fact a decision to stick with the status-quo, even when there may be a very sound case for making changes.

Read more

Brexit: a message from the MGD Wealth Investment Committee

We have noted for some time, through our LDI Connect portfolio updates, investment risks in general terms remain elevated and the “Brexit Vote” highlights such an event that can upset markets. Brexit is just one of numerous issues at any point in time that are risk event considerations for investors as we deal with what are certainly challenging and interesting times.

Read more

Prominent financial economists join MGD Wealth’s Investment Committee

As part of our ongoing commitment to ensure our Investment Committee has access to the most highly qualified and experienced investment professionals, we are pleased to welcome two of Australia’s most prominent financial economists to our team, Dr Michael Drew and Dr Adam Walk.

Read more

ATO extends deadline for SMSF borrowing arrangement

The ATO has announced that it is allowing SMSF trustees additional time to ensure that any limited recourse borrowing arrangements (LRBAs) that their fund has are on terms consistent with an arm’s length dealing, or alternatively are brought to an end. The previously announced 30 June deadline has now been extended to 31 January 2017.

Read more

Personal risk insurance: how to survive and manage premium price hikes

If you’ve experienced a substantial increase in your personal risk insurance premiums year-on-year in recent times you are certainly not alone, with many reporting average increases in the region of 20% per year over the last few years.

Read more

Federal Budget 2016 – Superannuation Update

The budget contained a number of important changes to the superannuation system, including retirement income streams and tax changes. The announced changes took everyone by surprise and it is important that you discuss your particular situation with your adviser and how these changes may affect you.

Read more

Taxation & superannuation planning for year end 2015-16

With 30 June 2016 rapidly approaching, now is the time to review your financial position and consider any superannuation and tax-effective strategies that might be appropriate for you.

Read more

NCC lifetime cap and you

From 3 May 2016, the amount of non-concessional contributions (NCCs) that a person can make to super will have a proposed cap of $500,000. What does this mean for you?

Read more

Federal Budget 2016

Two major factors necessarily limited Scott Morrison and Malcolm Turnbull in their first crack at a Federal Budget – our relatively fragile economy, as evidenced by yesterday’s RBA announcement, and the fact that an election will be called within days.

Read more

Federal Budget 2016: social security

Key points on social security from the Federal Budget 2016 announcement, including eligibility for the Disability Support Pension and changes to the Age Pension Assets Test...

Read more

Federal Budget 2016: taxation

Key points on taxation from the Federal Budget 2016 announcement, including personal income tax relief, an increase in the small business turnover threshold and a reduction in the company tax rate...

Read more

Federal Budget 2016: superannuation

Key points on superannuation from the Federal Budget 2016 announcement, including the introduction of the $1.6 million transfer balance cap, concessional cap changes and an ease in the restrictions for tax deductions for personal contributions...

Read more

In focus: Mike Atkins

Recently we sat down with Mike Atkins, MGD client and long time McDonald’s licensee, to find out more about his life with the global fast food giant and how he is helping young people in his community look forward to a brighter future.

Read more

Rumour has it: pre-Budget super speculation

With less than a week until the Federal Budget is handed down, the media is alive with speculation as to what changes the Government will impose and, as usual, superannuation is at the forefront of the pre-Budget rumour mill.

Read more