Winter has arrived, and with the end of the financial year now weeks away, the focus shifts to how well households and the economy are holding up.
The economic picture softened a little in May. Inflation slipped to 4.2% in April, easing some of the pressure for further rate hikes, though it remains well above the Reserve Bank’s target. Markets stayed choppy–US shares pushed to fresh highs while the ASX drifted, and oil prices stayed elevated as Middle East tensions rolled on.
With 30 June approaching, it’s a good time to get your finances in order before the window for this year’s tax planning closes.
In this issue, we cover…
- Get prepared for 30 June: Tax time is just around the corner, so now is the time to get ahead. From portfolio reviews and super contribution strategies to the new Division 296 tax and changing tax rates, there are several steps worth considering before the financial year ends.
- Investing for the next generation: For many, investing is about building a legacy for children and grandchildren. But preserving wealth across generations takes more than good returns. Building financial literacy, planning the transition, and having open conversations can help families avoid the pitfalls of sudden wealth.
- The art of leaning into winter: As the days grow shorter and mornings turn crisp, the change in season can affect mood, energy, and health. A few simple habits around food, movement, rest, and connection can help make the cooler months more enjoyable.
As always, if you have any questions, don’t hesitate to get in touch.