Cuffelinks Showcase 2016 available now

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Each year, we review the hundreds of articles published in Cuffelinks and select the highlights into categories of superannuation, SMSF management, portfolio construction, retirement planning, equity investing and many more.

The Cuffelinks Showcase 2016 features articles by Hamish Douglass, Roger Montgomery, Marcus Padley, Jo Heighway, Liz Moran, Noel Whittaker, Jeremy Cooper, John Pearce, Anton Tagliaferro, Peter Thornhill, Paul Resnik and Chris Stott, plus others.

It’s exclusive to subscribers, so please register for free here to receive it.

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4 Responses to Cuffelinks Showcase 2016 available now

  1. Bruce Bennett December 30, 2016 at 3:11 PM #

    Hi Graham Many thanks for publishing such well written articles on investing and superannuation this past year. Whilst recent changes to Government retirement income policy may create a bonanza for financial planners, the outlook for funds managers may not be as bright. I believe that recent changes to the assets’ test for the old age pension; changes to pension benefits for Self Managed Super Funds; and changing the purpose of superannuation to one of supplementing the old age pension rather than being an alternative retirement income stream, will have far reaching consequences not fully appreciated by the Government. These consequences include: reduced public support for increasing the minimum superannuation contribution; reduced non-concessional contributions into existing funds and slower growth of the superannuation industry. By the time most Australians retire, they hope to own their own home (or live with a spouse who owns a home) and draw a part pension, supplemented from superannuation and savings (including cash under the bed and informal loans to family members). Few are willing to forgo significant lifestyle choices during their working lives to achieve a superannuation balance that would fund a comfortable lifestyle without relying on a part pension. As a result, most Australians will retire with savings and/or a superannuation balance of less than $400k. Only a small percentage of retirees each year will aspire to achieve a superannuation balance of $1.6 million and the growing complexity of superannuation will result in additional savings being invested outside of super. The casualization of the workforce means that the immediate need to finance household expenses or support children’s education/purchase of a home, etc, has a higher priority than investing in superannuation. Most superannuation funds do not guarantee their rate of return or an indexed pension for life; the money is not available until a person retires; contributions embezzled by an employer are not insured; many relationships do not last a lifetime; and the Government is likely to change retirement income policy settings several times before a person retires. For example: raising the age at which super can be accessed; limiting lump sum payments; increasing the tax paid by non-dependent beneficiaries on the death of the superannuant; and/or including the value of the family home in the pension assets’ test. Superannuants currently in pension mode also face the prospect of regular changes to government policy over the next 30 years. And, given that neither Party has committed to grandfathering future policy changes, all bets are off when it comes to what the system will look like in 2047. Finally, whilst I do not know if the revenue projected by the government’s accountants will be achieved, I do know that the policy which ends in June 2017 created a valuable pool of private funding that helped small businesses. In our case, because we could rely on our SMSF pension income, two years ago our business was able to take the risk and develop a new range of products. Since then we have doubled our turnover. Momofuku Ando was over 60 years old when he invented Cup Noodles and I know many successful business owners, with substantial funds in pension mode, who currently assist family members and friends start up new businesses through funding, advice or the use of premises owned by their SMSF.

    No matter how well your investments perform, changes to government retirement policy can significantly affect the outcome.

    I also do see how the government will reduce the reliance on the old age pension by discouraging people from saving for their retirement. If the Government had allowed discussion on the changes it may have realised that increasing the tax on transfers to non-dependants when a superannuant died would have been better policy.

  2. Tony Haid December 23, 2016 at 10:27 AM #

    Thank you for the great work.
    Seasons greetings.

  3. John Matthews December 21, 2016 at 1:25 PM #

    Thanks Chris, I always enjoy and learn from Cufflinks. Best wishes for Christmas and 2017.

  4. Shane Hayes December 21, 2016 at 11:14 AM #

    Thanks for the awesome articles during the year – much appreciated.

    Merry Xmas to all and see you in 2017 for another “smashing” year.

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