Dear %%first_name%%,
It’s hard to shake the feeling that a lot could go wrong between now and October, when the US market historically prepares for its Santa Claus rally, and the biggest threat comes from Europe. I talk about how bad Europe is in my note today.
Also in the Switzer Super Report, George Boubouras looks at the stocks that will do well in a diversified portfolio as the Government reins in tax cuts and spending to bring the budget back to surplus. Plus, we have our weekly broker wrap, with 13 stocks upgraded in the past week, and we bring your attention to a strategy that could help some SMSFs make larger super contributions this financial year.
Have a great week!
Sincerely,
Peter Switzer
It may be of interest to those of you who have private health insurance, but the consumer group Choice has recently uncovered a one-off exemption to the new Health Insurance Rebate changes.
If you prepay your annual health insurance premium for next year before 30 June 2012, you will receive the current rebate on your premium instead of the new reduced premium that will come into effect in the new financial year.
The current rebate depends on your age and is as follows:
- 30% for those aged under 65;
- 35% for those aged between 65 an 69; and
- 40% for those aged 70 and over.
Under the incoming system, those under the age of 65 with a family income over $260,000 will not be entitled to a rebate.
According to Choice, this would save someone on a $4,500 policy about $1,350.