Over the past week Australian shares lost 0.1%, with small company shares down a similar amount. Shares in developed countries rose 1% with US shares up 1.5%. Shares in emerging markets rose 1.5%. The Australian dollar fell 0.1% to 74.24 US cents. The Australian 10-year bond yield rose slightly to 2.63%, with the US 10-year bond yield also up slightly at 2.83%. The oil price fell 3.8% to 71.01 US dollars per barrel.
It’s around this time of the year that you, your friends or family members may be scrambling to finalise tax returns. Hopefully it’s not a tax return from too many years ago.
Tax is a highly complex area. There are many taxes and tax breaks, and they apply differently to various people.
The taxation of super is also complex. For example:
Mine Super’s Asset Allocation Team incorporates the impact of taxes on a wide range of asset class returns. We then construct investment portfolios to generate the best after-tax risk-adjusted returns for our members. Because super and pensions are taxed differently, we also create unique super and pension portfolios – we were one of the first funds in Australia to do this. This is one example of the work we do to help our members achieve exceptional retirement outcomes.
David Bell | Chief Investment Officer
Past performance isn't necessarily an indicator of future performance.
Data sourced from Bloomberg.