On election eve, what's going to happen?
As we head towards a federal election tomorrow, there seems to me to be greater air of uncertainty, particularly in the investments markets, than we have ever faced before in Australia.
However, as Paul Keating once said, if you look back at history, the Australian people have never got it wrong. When there has been a need for the Government to change, it has, and I think that will be the case with this election.
Whatever the outcome, even if it is a so called ‘hung parliament’, there will be a peaceful transition forward, with all parties accepting the outcome and a greater sense of the way forward.
With the cost-of-living crisis so prominent in everyone’s thoughts, I think it’s time to revisit some key issues such as buying your first home and saving generally – something which wasn’t an issue through the pandemic.
A time when Australians managed to save record amounts of money and a time that gives us some insights as to how we could do that again.
Another prominent issue suddenly, is the importance of rare earths. Many clients have asked about whether this is an investment opportunity, and I hope to explain why it is not, despite what many think.
A more important issue is maximising your contributions to super and the next two months offer a window of opportunity for wage earners to minimise their overall tax bill by making extra contributions to your super. Talk to your tax agent this month.
As many have already noticed there have been some exciting changes in the business. Now the pandemic is well and truly behind us, we have moved back to Melbourne and into our new offices which are located at 408/89 High Street, Kew 3101. Our new telephone number is 03 7071 3800 and our postal address is PO Box 5158 Kew VIC 3101.
We will be further exciting announcements over the next few months, but some things will stay the same. I will still be providing advice to clients and helping them best manage their superannuation savings and happy to chat via video, telephone or email.
Importantly, if you know of anyone who is unsure how to arrange their finances as they move into retirement, please encourage them to contact me. It could be a lifesaving, if not retirement saving, moment for them.
Patricia Howard
0427 429 817
Patricia@patriciahoward.com.au