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Sydney Wealth Management Update Summer 2023-24
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Sydney Wealth Management Update Summer 2023-24

Welcome to our latest Wealth Update – Summer 2023-24.

This edition covers the following topics:

Proposed tax on superannuation balances above $3 million

On 3 October 2023, Treasury released detailed draft legislation and explanatory materials on a proposed tax on superannuation balances exceeding $3 million. Find out when it will come into effect, how it will operate and how it may impact you.

Australian banking sector update

A strong start to FY23 but rising competition dragged on the sector as the frenzy for refinancing borrowers took hold. Find out more about our outlook for Australia’s major banks as we look to 2024 and beyond.

Reporting season update – International equities

Are we past COVID disruptions? Just how big an impact are weight loss drugs and artificial intelligence having on some of the world’s leading technology and healthcare businesses? Find out answers to these and more as we give our latest update on our international equity portfolio, which is continuing to see strong resilience and growth in a volatile global environment.

 

Any advice included in this newsletter has been prepared without taking into account your objectives, financial situations or needs. Before acting on the advice you should consider whether it’s appropriate to you, in light of your objectives, financial situation or needs. You should also obtain a copy of and consider the Product Disclosure Statement for any financial product mentioned before making any decisions. Past performance is not a reliable indicator of future performance. Advisors at Pitcher Partner Sydney Wealth Management are authorised representatives of Pitcher Partners Sydney Wealth Management Pty Ltd, ABN 85 135 817 766, AFSL number 336950.
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