Our ex­perts

Money Magazine Australia - - CON­TENTS -


Effie is Money’s edi­tor and au­thor of The Great $20 Ad­ven­ture. Effie says: “Can you tax your way to sur­plus? Time will tell but I did like the dis­tinc­tion be­tween good debt and bad debt, plus am happy to pay a lit­tle more in Medi­care if it means it’s re­tained and avail­able for all.”


Sa­vanth is a se­nior econ­o­mist at Com­mSec. Sa­vanth says: “The gov­ern­ment is right to fo­cus on the need to build our in­fra­struc­ture as­sets. And es­pe­cially on trans­port as­sets. In­creased spend­ing on in­fra­struc­ture is pos­i­tive for a raft of in­dus­try sec­tors in­clud­ing build­ing ma­te­ri­als, trans­port, in­dus­tri­als, de­vel­op­ers and con­trac­tors and con­sumer dis­cre­tionary sec­tors.”


Sam, CEO of Hen­der­son Maxwell, says: “My high­light was the abil­ity for ALL over 65s to down­size their fam­ily home and con­trib­ute up to $600k to super – no age test, no work test, no $1.6m cap test. This opens up super to a whole new mar­ket of re­tirees who can en­joy tax-ef­fec­tive su­per­an­nu­a­tion for longer.”


Nerida, a super ex­pert from Dixon Ad­vi­sory, says: “The flex­i­bil­ity of the first home super scheme is a game changer. In­cen­tivis­ing ex­tra sav­ings with­out im­pos­ing re­stric­tive time lim­its helps super to be­come even more use­ful for younger gen­er­a­tions, and the in­tegrity of the sys­tem is pro­tected.”


Su­san has been a fi­nance jour­nal­ist for 30 years and a se­nior writer at Money for 10. Su­san says: “It was good to see the pen­sioner con­ces­sion card re­in­stated for the 92,000 se­niors who lost it (and the age pen­sion) in Jan­uary. It is typ­i­cally worth around $5000 to $6000 a year, depend­ing on med­i­cal ex­penses.”


Pam was found­ing edi­tor of Money and is now a se­nior staff writer. Pam says: “The 2017 fed­eral bud­get did vir­tu­ally noth­ing to help first-home buy­ers strug­gling with af­ford­abil­ity is­sues, es­pe­cially in Mel­bourne and Syd­ney. The im­pli­ca­tions of locking an en­tire gen­er­a­tion out of these ma­jor cen­tres will be far reach­ing, im­pact­ing ev­ery facet of peo­ple’s lives.”

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