The BFG Report – Summer 2018

Welcome to the 2018 Summer Edition of the BFG Report The Rising Cost of Cyber Crime  Last year, more than six million consumers fell victim to identity theft, credit card fraud or had their passwords compromised. This cost the Australian economy more than $2.3 billion, and, at an individual level, cost each victim an average…

The BFG Report – Spring 2018

Welcome to the 2018 Spring Edition of the BFG Report The Power of An Attorney  A power of attorney is a legal document that allows you to nominate someone you trust to make financial decisions on your behalf if you are unable to do so.  A popular misconception is that a person’s partner can make…

The BFG Report – Winter 2018

Welcome to the 2018 Winter Edition of the BFG Report Market outlook for the next financial year  The global economy looks strong for the next year but different risk factors may affect consumer and business confidence. One source of uncertainty are elections, including the outcome of our own upcoming federal election, which could impact investments. Generally, for…

The BFG Report – Autumn 2018

Welcome to the 2018 Autumn Edition of the BFG Report Super Opportunity For First Home Buyers The ‘First home buyer super saver scheme’ allows you to save for a deposit for your first home using your super account. The benefit of saving within your super is the concessional tax treatment of super which can help…

The BFG Report – Summer 2017

Welcome to the 2017 Summer Edition of the BFG Report Self-Service Super Contributions The 1 July 2017 super reforms have opened up a fantastic new opportunity to build wealth in super and reduce your tax bill at the same time. That is, it’s now easier to claim a tax deduction on your personal super contributions…

The BFG Report – Spring 2017

Welcome to the 2017 Spring Edition of the BFG Report End of Financial Year (EOFY) – Not Just About Tax The start of the new financial year isn’t just about getting your tax return in. It’s the perfect time to think about your circumstances and get your estate plan in order — especially if your…

The BFG Report – Winter 2017

Welcome to the 2017 Winter Edition of the BFG Report Home Care – Greater Choice Since February 2017, some welcome changes have been made to the home care system, giving greater choice to older Australians. In the years ahead, the aging population means the number of people requiring home care is going to increase so…

The BFG Report – Autumn 2017

Welcome to the 2017 Autumn Edition of the BFG Report Can your Will be challenged? Yes it can, but only in certain situations. While most people try hard to strike a fair balance when they write their Will, sometimes there may be people who are unhappy with how the estate has been divided and decide…

The BFG Report – Summer 2016

Welcome to the 2016 Summer Edition of the BFG Report US interest rates poised for further hikes The US Federal Reserve (commonly referred to as the Fed) didn’t raise interest rates during the quarter. The world’s central bankers arrived in Jackson Hole in August for their annual economic meeting and conference. Investors carefully listen to…

The BFG Report – Spring 2016

Welcome to the 2016 Spring Edition of the BFG Report Reserve Bank of Australia adopts a monetary easing bias The Reserve Bank of Australia (RBA) lowered the cash rate unexpectedly by 25 basis points during the quarter to 1.75 per cent and in early August further cut the rate to an historical low of 1.50…

The BFG Report – Winter 2016

Welcome to the 2016 Winter Edition of the BFG Report. How Will The Budget Effect You ? We have summarised some of the key points from the 2016 Federal Budget below, but remember these are proposals only and are subject to the passing of legislation. Lifetime cap on non-concessional super contributions The Government is replacing…

The BFG Report – Autumn 2016

Welcome to the 2016 Autumn Edition of the BFG Report. US Rates Lift Off While Europe Continues With Easy Money As widely anticipated, in December the US Federal Reserve; often referred to as the Fed, announced an increase in the federal funds rate by 0.25 per cent to a range of 0.25 per cent –…

The BFG Report – Summer 2015

Welcome to the 2015 Summer Edition of the BFG Report. Aged Care — Make the Right Retirement Living Choice Many of us save and plan for retirement, with our main focus on ensuring we have enough money to live the type of lifestyle that we want. Although this is an important aspect of planning ahead,…

The BFG Report – Spring 2015

Welcome to the 2015 Spring Edition of the BFG Report. Bubbling House Prices – Where To From Here ? Reports of record-breaking sale prices, high auction clearance rates and Glenn Stevens, Governor of the Reserve Bank of Australia (RBA), talking of ‘crazy’ house prices has greatly inflated the housing bubble debate. House prices are one…

The BFG Report – Winter 2015

Welcome to the 2015 Winter Edition of the BFG Report. Challenge of Change – the 2015 Intergenerational Report In early March this year, the Treasurer released the Intergenerational Report (IGR). Every five years, the IGR provides a snapshot analysis of how Australia is tracking now and how it will be in 40 years’ time. This…

The BFG Report – Autumn 2015

Welcome to the 2015 Autumn Edition of the BFG Report. Since June 2014, the price of oil has continued to plummet and this has been a major focus for economic observers. The West Texas Intermediate (WTI) oil price (a grade of crude oil that is used as a benchmark for the price of oil), has…

The BFG Report – Summer 2014

Welcome to the 2014 Summer Edition of the BFG Report. Do International Property Prices Impact Our Economy ? With many people having the majority of their wealth tied up in the value of their homes, house prices have a significant impact on an economy. While generally true globally, this is certainly the case here in…

The BFG Report – Spring 2014

Welcome to the 2014 Spring Edition of the BFG Report. Can Anyone Challenge Your Will ? It’s easy for a disgruntled family member to say “I’m going to challenge the Will”. However, there’s only a few limited ways in which a Will can be ‘challenged’. The most common way for a challenge to be made…

The BFG Report – Winter 2014

Welcome to the 2014 Winter Edition of the BFG Report. First Quarter Down, Outlook Improving The last calendar year was an excellent year for growth assets. As anticipated, we believe it will be difficult to achieve similar returns in 2014 and the first quarter illustrated exactly that. The first quarter of 2014 saw modest gains…

The BFG Report – Autumn 2014

Welcome to the Autumn Edition of the BFG Report. What’s out, now that the new Government is in ? After winning office last year, Tony Abbott and the Coalition Government are determined to wind back a great number of Labor’s initiatives. In this report, we take a look at what they are doing with respect…

The BFG Report – Summer 2013

Welcome to the Summer Edition of the BFG Report. Do You Hold a Centrelink Concession Card such as Commonwealth Seniors Health Card ? If you are departing Australia temporarily you can generally remain overseas for up to six weeks without your concession card(s) being cancelled. You should contact Centrrelink prior to your departure to advise…

The BFG Report – Spring 2013

Welcome to the Spring Edition of the BFG Report. BFG Launches New Website ! This quarter marks the launch of our new website. Our website address remains the same www.bfg.net.au with new added features such as: A fresh easy to navigate format Is mobile device friendly Latest News – video, media and newsletters Resources including…

The BFG Report — Summer 2012

Welcome to the Summer Edition of the BFG Report. This quarter we take a look at what happens to your super when you die and we review the markets for the quarter ending October 2012. What happens to your Super when you die ? Perhaps, like many people, you assume that it will become part…