BONGIORNO NEWSLETTER: MAY 2017

A message from our Directors

Welcome to the May issue of the Bongiorno newsletter.

We recap the upcoming changes to superannuation, look at developments in the property investment landscape, touch on the latest Federal budget, and highlight a worrying pitfall of the myGov portal.

Please get in touch if you’d like more information about the topics covered in this issue. We’re always happy to help.

Steven Wilkie

Director

ESSAY COMPETION: The ten finalists of the Bongiorno Essay Competition have been selected. All that’s left is for the judges to choose the winner! We hope to announce their decision by the end of May and publish the winning essay in our next newsletter. In due course, we aim to compile a summary of the many excellent ideas put forward by all the entrants.

Sweeping super changes: planning is essential.

In our last newsletter, we outlined the first major changes to superannuation in a decade, passed in Parliament on 23/11/16. We’d like to take this opportunity to recap this critical issue. If you have not already contacted us for advice, we urge you to speak with us about your best financial strategies going forward.

Although you will already have received our special 2017 Budget newsletter earlier this month, it’s worth repeating some of the most salient changes that will affect the medical professions.

With banks now tightening their lending criteria for property purchases, it’s becoming harder and harder to break into the market or expand your property investment portfolio.

myGov is one of a host of online tools that can be extremely helpful to individuals wishing to access their financial information. Unfortunately, the myGov portal has one glaring pitfall.....

Year-end tax planning is an important part of ensuring you benefit from all the concessions and tax deductions to which you are entitled. Over the coming months, consider:

OTHER NEWS

Your Bongiorno consultant will contact you over the next few months to introduce our new system for transferring information between us. We are implementing a client portal to allow the secure transfer of information, tax returns, BAS, letters and any other personal communications. The portal is more secure than email and there is no risk of mail going astray.

In this edition

Sweeping super changes: planning is essential.

A snapshot of the 2017 Federal Budget

Breaking into the property market just got harder

The trouble with myGov and the ATO

Tips and advice

OTHER NEWS

Contact details

Phone
(02) 9326 2788

Fax

Email
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Disclaimer: Whilst every attempt has been made to verify the information provided in this newsletter the Bongiorno (NSW) Group assume no responsibility for any errors, omissions, lack of care, default, negligence or contrary interpretation of the subject matter. This e-newsletter is general advice and has been prepared without taking account of your objectives, financial situation and needs and because of that you should, before acting on anything in this e-newsletter, consider the appropriateness of the advice to your financial situation, needs and objectives. If this general advice relates to acquiring a financial product, you should obtain a Product Disclosure Statement before deciding to acquire the product.

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