Wealthy to dump billions into super
Wealthy savers will likely dump billions worth of cash and property into retirement accounts before June 30 rule changes.
Wealthy savers will likely dump billions worth of cash and property into retirement accounts before June 30 rule changes.
Buying "duration" in recent times has been one of the more dangerous trades in human history.
It's like 2006 again as savers weigh up whether to sell assets to put the maximum $540,000 into super before tighter limits take effect.
The trappings of wealth hold little interest for Peter Cooper, the Australian founder of an investment powerhouse.
Wealthy savers have a last chance to stash up to $540,000 from after-tax earnings before the end of the financial year.
Investors who've already got comparatively large balances are winners in the federal government's 'pragmatic' compromise super plan.
Scott Morrison should not expect too much enduring gratitude for the super changes.
Prestige country properties within commuting distance of a major city are becoming a primary address and status symbol for cashed-up buyers ...
The federal government has made significant changes to its superannuation package, including dumping the lifetime cap of $500,000.
The changes address most of the concerns that Labor raised about the original proposals, and bowled up something better.
Unlimited access to business news and market insights across any device
Already a subscriber? Log in