May 2013

Tuesday 14th

Wayne Swan’s 2013-2014 Federal Budget focused on expenditure priorities rather than significant tax changes.  Most of the nasty tax changes were previously announced in relation to increases in Superannuation Taxes. 

This year we have split our Tax Brief into two, for ease of reading.  There is a Tax Brief focused solely on personal tax changes, whilst a separate attached Brief focuses specifically on business tax changes announced tonight.

Federal Budget Business Tax Brief

Federal Budget Personal Tax Brief

If you have any further questions please do not hesitate to contact Noel Beharis (03 9605 9450), Brendan Henderson (03 9605 9480) or Anthony Jackson (03 9605 9463).

Wednesday 8th

Summary of the relevant State Tax changes announced yesterday in the Victorian State Budget 2013/2014.

Wednesday 1st

Proposed Increase in the Medicare Levy to Fund the Disability Insurance Scheme

April 2013

Monday 8th

Proposed Superannuation Tax Changes

Superannuation Reforms to taxation on pension income - What Now?

January 2013

Mutual Trust Economic Update and Market Outlook for October/December 2012

May 2012

Tax Brief which outlines the opportunity available to prepay your Private Health Insurance and still qualify for the Tax Rebate.

Private Health Insurance Update - May 2012

Mutual Trust Economic Update and Market Outlook for March/June 2012.

Mutual Trust Economic Update and Market Outlook for March/June 2012.

January 2012

Below is the link to the Investment Team 2011 Review and 2012 Outlook.

Mutual Trust Investment Team 2011 Review and 2012 Outlook.

February 2011

At Mutual Trust, we are committed to the continuous improvement of our services to our clients.

There are two exciting recent developments which we would like to bring to your attention, namely:

1.  We have reached an agreement with Dominion Private Clients to merge our respective taxation and accounting practices, with both practices to be owned by Mutual Trust; and

2.  We have been licensed to provide traditional trustee services to our clients.

Merger with Dominion Private Clients (“DPC”)

Established by Anthony Jackson and David Bilston-McGillen approximately 8 years ago, DPC is a successful taxation and accounting practice focusing on the specialised financial management needs of High Net Worth individuals and Owner Operated Businesses.  Further information is available at www.dominionpc.com.au.

The merger of the accounting practices will deepen the specialist taxation and accounting expertise available to clients.  Clients will have access to the best expertise that both have to offer.

Current client relationships will not change.  Clients will still deal with the same Mutual Trust or DPC team member they deal with today.

Those team members will now be able to consult internally with a broader range of specialists.

Close working relationships have developed with DPC in recent years. In this period, we have both come to recognise a strong alignment across clients, culture and values. The merger is a natural extension of the relationship that has developed.

Both DPC and Mutual Trust have a particular focus on helping clients deal with intergenerational and succession challenges and in ensuring that tax aware investment outcomes are delivered through the integration of all relevant advice. The merger will expand the expertise available to clients in these areas.

The merger is targeted to settle early next year.

Anthony Jackson and David Bilston-McGillen will continue working closely with their clients and will join other senior executives with equity stakes in Mutual Trust.

Both practices will continue to operate under their own names.

Traditional Trustee Services

The Australian Securities and Investments Commission (ASIC) has recently approved our application to provide traditional trustee services under an extension to our long standing Australian Financial Services Licence.

For many years, Mutual Trust has acted as a trustee for our clients’ private and philanthropic trusts.

The granting of this licence expands our capability by allowing us to act as executor or co-executor of deceased estates – a role previously restricted to individual employees.  This expands the already wide range of services we are able to provide to help our clients safeguard their assets.

If you have any questions or would like to hear more about either of these developments please contact either your client advisor or our CEO, Tim Hammon, on 9605 9513.