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Entrust Investment News

Hello Entrust Member,

In this month’s edition we review a weak finish to the end the financial year in markets, consider the implications for TRIS’ under the new superannuation laws and explain how capital gains tax applies to inherited investments.

Advisor

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Market Wrap

Tax selling in Australian shares was only partly to blame for a flat end to the year as international markets experienced significant weakness in June. In addition, concerns over the direction of interest rates negatively impacted both bonds and interest sensitive assets.


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Farewell TRIS?

Transition to Retirement Income Streams (TRIS) were initially introduced in 2005 to encourage older Australian’s to stay in the workforce by allowing them to reduce working hours and then subsidise lost income by partially accessing their superannuation. However the reality was that TRIS’ were primarily used as a tax planning tool which led the government to announce significant changes from July 1 2017.


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Death and Taxes

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Over the next couple of decades, the largest wealth transfer in history will occur between baby boomers and their children. For many, there is confusion regarding the tax consequences when the assets are received and when they are ultimately disposed.

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Index / Indicator
AUSTRALIAN EQUITIES 30/06/2017 Change 1 Month Change 12 Months
ASX200 Accum 55,758.56 0.17% 14.09%
ASX200 Resources Accum 19,558.63 -2.10% 22.92%
ASX200 Industrials Accum 115,687.00 0.61% 12.63%
INTERNATIONAL EQUITIES
MSCI World Index 1,916.43 0.25% 15.92%
S&P500 (USA) 2,423.41 0.48% 15.46%
FTSE 100 (UK) 7,312.72 -2.76% 12.43%
Nikkei 225 (Japan) 20,033.43 1.95% 28.62%
Shanghai Composite (China) 3,192.43 2.41% 8.97%
CURRENCY
A-Dollar / US-Dollar $0.7687 3.44% 3.14%
Trade Weighted Index 65.3 2.35% 4.48%
FIXED INTEREST
Aust 90 Day Bank Bills 1.71% -3bps -25bps
Aust 10 Year Govt Bonds 2.60% 21bps 61bps
US 10 Year Govt Bonds 2.30% 9bps 83bps

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This publication has been compiled by Entrust Private Wealth Management ABN 80 100 088 168 AFSL 222152 (Entrust). This publication is current as at time of preparation. Past performance is not a reliable indicator of future performance. Any outlooks in this publication are predictive in character. Whilst every effort has been taken to ensure that the assumptions on which the outlooks given in this publication are based are reasonable, the outlooks may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from our outlooks. Material contained in this publication is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The information and any advice in this publication do not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This publication may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. Entrust is not responsible for such material. To the maximum extent permitted by law: (a) no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up-to-date or fit for any purpose; and (b) neither Entrust, nor any member of the Entrust group of companies or its authorised representatives, is in any way liable to you (including for negligence) in respect of any reliance upon such information or advice. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from your adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances. More information? For further information on any issue discussed in this publication, or on any financial matter, please contact your financial adviser.
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