Funds Focus Newsletter January 2013

Melbourne Cup 2016

Fun for the Melbourne Cup. Each year, Macquarie, Morgans and PWC analysts roll out of the bean pits to use their skills towards unravelling the mysteries of the Melbourne Cup.

Macquarie have offered the most detailed and consistent analysis with Morgans coming a close second and PWC winning the prize for the prettiest charts and website.

We expected great things from BT Fixed Income team, who unfortunately failed to deliver. They’ve thrown in the towel for this year, but a quick chat with

Melbourne Cup, analysis, commentary
Change

2016 Budget Changes – Amended Superannuation Reforms

The Budget made some significant changes to Superannuation. This month saw the Government announce further changes. We have provided some clarification on the implications

The $1.6 million pension cap
Lifetime non-concessional contributions cap of $500,000 Replaced with a reduced Non Concessional Contribution Limit
Reduction in Concessional Contributions cap to $25,000
Catch up concessional contributions
Tax deductible personal contributions
$300,000 threshold for higher

superannuation, federal budget; personal tax, 2016, super changes, lifetime cap, non concessional

Telstra 2016 Buy Back (ASX:TLS)

The 2016 Telstra Buy Back – Is it worthwhile?
We have recently built an interactive spreadsheet to help with understanding the Telstra Buy Back and whether this is likely to be profitable versus selling on market.

Our view is lower income tax payers and super funds are generally likely to benefit from the buy back offer.

Investors looking to retain their allocation to Telstra, may even find it more attractive to sell into offer and buy back stock on market.

Further details

analysis, shares, Telstra, buy back, tls, 2016