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February 2012
Oliver's Insights is a special commentary by Dr Shane Oliver, Chief Economist and Head of Investment Strategy, on issues and trends affecting the economy and financial markets.
3rd February 2012
Dr Shane Oliver shares his thoughts on: Are bonds in a bubble?
http://www.ampcapital.com.au/K2DOCS/site_ampci/141C4D34-582E-47DB-A782-863229A77E46/2012-Feb-03-Olivers-Insights-Are-bonds-in-a-bubble.pdf?DIRECT
AMP Capital - Digital Insights
February 2012
Welcome to Digital Insights where you'll find the latest insights on a range of topics.
These include; market and economic updates, product updates, and investment information direct to you from AMP Capital's leading financial experts.
http://digitalinsights.ampcapital.com.au/
Disclaimer:
By accessing the below sites via the links provided, you will be directed to external websites and both Provident Financial Services and AMPFP are not responsible for the content or information provided by these sites.
BT Financial Group
If you have 3 minutes to spare, Listen to BT Chief Economist Chris Caton deliver a 3 minute market update.
http://www.bt.com.au/bt-market-insights/bt-chief-economist/three-minute-market-update.asp
MLC Market Watch
Market Watch keeps you up-to-date with the latest developments in the financial market and how they may impact you.
February 2012
http://update.mlc.com.au/market_watch/
Understanding market volatility
Given the extent of current market volatility, many people are worried about the impact on their super and investments. Realistically, even if you selected a diversified fund to help reduce investment risk, the volatility may have resulted in negative returns on your investment for the first time in some years.
At times like these, market insight and understanding can help keep you focused on your long term investment strategy. To help, we've provided some useful links to information about what's happened in financial markets and why, the future outlook and some strategies to consider in these uncertain times.
We will keep you informed on other news and market movements. In the meantime, as always, please don't hesitate to contact us with any questions or concerns, 08. 9442 0000.
Australian stock market report
Go to the following link to get up to the minute information on the Australian stock market;
to read...
MLC economic and market developments
http://www.comsec.com.au/Public/NewsAndResearch/AusStockMarketreports.aspx
to view...
http://www.comsec.com.au/Public/NewsAndResearch/StockMarketUpdates.aspx
The Reserve Bank
The Reserve Bank of Australia provides regular updates on the Australian and global economy, as well as statistics, trends and charts
www.rba.gov.au
Provide your Tax File Number to avoid more tax
Did you know that if we do not have your Tax File Number (TFN), from 1 July 2007, not only will you no longer be able to make personal after-tax contributions to your superannuation account, you will also be paying the top marginal tax rate on employer and salary sacrifice contributions? If you provide us with your TFN, be assured it is done securely and will under no circumstances be used for any other purposes than outlined below.
Marginal Tax Rate changes
Individual income tax rates
Residents
These rates apply to individuals who:
- are residents of Australia for tax purposes for the whole financial year and
- did not leave full-time education for the first time during the financial year.
The following rates for June 2011- July 2012 apply from 1 July 2011.
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Taxable income
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Tax on this income
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$1 – $6,000
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Nil
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$6,001 – $37,000
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15c for each $1 over $6,000
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$37,001 – $80,000
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$4,650 plus 30c for each $1 over $37,000
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$80,001 – $180,000
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$17,550 plus 37c for each $1 over $80,000
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$180,001 and over
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$54,550 plus 45c for each $1 over $180,000
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Tax rates1 July 2010 - June 2011
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Taxable income
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Tax on this income
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$0 – $6,000
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Nil
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$6,001 – $35,000
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15c for each $1 over $6,000
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$35,001 – $80,000
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$4,350 plus 30c for each $1 over $35,000
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$80,001 – $180,000
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$17,850 plus 38c for each $1 over $80,000
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$180,001 and over
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$55,850 plus 45c for each $1 over $180,000
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The above rates do not include the Medicare levy of 1.5% (read What is the Medicare levy? for more information).
The above rates do not include the Flood levy (read Flood levy information for individuals for more information).
Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances. For more information read About tax offsets.
http://www.ato.gov.au/individuals/content.aspx?doc=/content/12333.htm
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