Dear %%first_name%%,
Most of you know by now I like to buy the dips, but is this a dip we should be buying into? In my note today, I look at why Greece has the markets spooked as well as the potential ramifications of Greece leaving the eurozone and tell you what I’m doing.
Also in the Switzer Super Report, timed perfectly amid the market uncertainty, Paul Rickard reviews National Australia Bank’s new hybrid security and how it compares with other hybrids in the market. Charlie Aitken examines the recent performance of stocks and names the ones that are looking cheap. Plus, we reveal the levels to lock in profits in Telstra, and we bring you the first of a two-part series on the things you need to check off your to-do list as we near the end of the financial year. Hang in there, and I’ll be back with more market updates on Monday.
Sincerely,
Peter Switzer
Starting 1 July, low-income earners will no longer pay tax on super contributions. Under the Low Income Superannuation Contribution (LISC), a person whose income is less than $37,000 will have the contributions tax on concessional contributions returned to the fund. It's worth a maximum of $500, (15% tax rate on the 9% super guarantee of $37,000).
For more changes to super, read Paul Rickard recent article on Government takes the axe to super concessions.