Skip to main content
#
A Clear Direction
rss feedour twitterour facebook page linkdin
home
Financial Advisor Brisbane - AdviserScott Keefer - A Clear DirectionBuilding Investment PortfoliosPortfolio Management ServiceUpdated ContentContact Us - Brisbane Financial Planning
A Clear Direction Financial Planning logo

 Financial Happenings Blog 
Wednesday, May 09 2007

Last night Scott and I had the pleasure of meeting with 25 clients and others interested in our perspective on the 2007 Budget. Scott also spent some time explaining how index funds work. We had a great evening and hope those in attendance enjoyed it as much as we did.

 

A few of the main points from our budget summary included:

  • Tax cuts from July 1, 2007 of $150 for anyone earning below $25,000, $1,100 if earning $30,000 - $40,000 reducing to $750 for anyone earning $48,750 or more
  • Increases in income that recipients of the Senior Australian Tax Offset can earn before paying tax, now $25,867 for singles and $43,360 for couples
  • Doubling of the government co-contribution for those who made an eligible contribution in the 2005-06 financial year

 

The government also painted a fairly rosy projection of economic conditions up until June 2011 with economic growth to continue on at 3%, unemployment to remain low, and inflation to be around 2.5% (smack bang in the middle of the Reserve Bank's target range).

 

So what are the key messages for investors?

We believe that what the budget is telling us all that if we do not take the chance to improve our financial situation now (while all the moons are aligned!!) then it is going to a lot harder when conditions are not so positive.  Take the lead from the government which

  • Spends less than it earns (government surpluses)
  • Gets rid of debt (government debt all but eliminated)
  • Invests in growth assets for the future (Future Fund & Higher Education Endowment Fund.)

 

We hope that you received some good news from the budget.  If you would like more detail please get in touch or have a read of Scott's article in the Eureka Report - More Cash for More Investments.

 

Regards,

Scott Keefer

Posted by: Scott Keefer AT 07:39 pm   |  Permalink   |  Email
 
Scott Francis' articles in the Eureka Report 
Request for Information 
If you have questions, or would like more information, please go to our Contact page and leave your name and contact information.

Plan Well, Invest Well, Live Well! Financial advice providing a clear direction

A Clear Direction Financial Planning and Portfolio Management ABN 85 147 572 870

Level 19
10 Eagle Street
Brisbane QLD Australia
Ph: (07) 3303 0269
Email: scottk@acleardirection.com.au

Authorised Representative (398444) and Credit Representative (403292) of FYG Planners Pty Ltd AFSL/ACL 224 543.

ASIC - Financial Advisers Register

All content of this website is copyright © A Clear Direction Financial Planning Pty Ltd, 2017

FYG Planners Pty Ltd & A Clear Direction Financial Planning Privacy Policy