Freedonomix

In this episode of Freedonomix, Cameron speaks with IWP Senior Financial Adviser Lynn Zhao to unpack one of the most common questions investors ask: Is now the right time to invest? Rather than focusing on market predictions, this conversation explores what really matters — your goals, your time frame, your ability to tolerate volatility, and the importance of having a disciplined long-term plan. Cam and Lynn discuss why trying to pick the perfect time to invest can be unhelpful, how fear and hesitation can keep people stuck in cash, and why evidence-based investing is often less about timing the market and more about spending meaningful time in it. It's a thoughtful discussion about behaviour, perspective, and making investment decisions with clarity and confidence. For the articles that Lynn wrote click here https://www.independentwealthpartners.com.au/insights/is-now-the-right-time-to-invest/ DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

In this episode of Freedomonix, Cameron speaks with Chris Haggart - Partner and Financial Adviser about the psychology of wealth and the search for meaning beyond a paycheck. Drawing on themes from Chris's articles, they explore why financial decisions are rarely just about money, how people often link self-worth to income and status, and why true wealth may be better measured by freedom, alignment and peace of mind. They also discuss the importance of understanding the "why behind the why" in financial advice, and how a life-first approach can help people make better decisions with the resources they already have. It is a reflective conversation about money, identity, contentment and what really matters over the long term. For the articles that Chris wrote click here https://www.independentwealthpartners.com.au/insights/are-you-rich-or-wealthy-there-is-a-difference/ https://www.independentwealthpartners.com.au/insights/the-psychology-of-wealth-is-there-purpose-beyond-your-paycheck/ DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

In the latest episode of our video podcast, Cameron and Shane unpack Shane's recent blog article, "Death Tax by Stealth." Unfortunately, in Australia if you die with money in your super and you want to pass this through to your adult children, then the taxable component of your super fund is taxed at 15% plus the medicare levy (2%).  In this episode, Cameron and Shane talk through the ways to reduce this tax to ensure that your children receive more of your estate rather than the ATO.  Read the full article here: Death Tax by Stealth  Access the videocast here: IWP - Death Tax by Stealth April 2026 DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433

In the next few episodes of Freedonomix we are sitting down with our clients to chat through their personal lived experience of Retirement. We have thoroughly enjoyed these genuine conversations about our clients journey's through both the financial and lifestyle experience of their retirements and we think there are a number of pieces of gold throughout.  In this episode of Freedonomix, we speak with John Hurley about his experience of moving into retirement and what the transition has really looked like in practice. John shares some of his career background, what he valued most about his working life, and what he was looking forward to as retirement drew closer. We also discuss the uncertainty that can come with such a major life change — the things he felt nervous about, what surprised him once retirement began, and what turned out differently to what he expected. A key part of the conversation is also the role of health in retirement, and how important it becomes in shaping lifestyle, freedom and enjoyment in this next phase of life. It's an honest and thoughtful discussion about the realities of retirement, with practical insights for those starting to think about what life after work might really involve.   DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433    

In the next few episodes of Freedonomix we are sitting down with our clients to chat through their personal lived experience of Retirement. We have thoroughly enjoyed these genuine conversations about our clients journey's through both the financial and lifestyle experience of their retirements and we think there are a number of pieces of gold throughout.  In this episode of Freedonomix, we sit down with IWP clients David and Narelle Harvey to talk about what the transition into retirement has really been like for them. They share the story of their working lives, what they enjoyed most along the way, and what they were most looking forward to as they stepped into this new chapter. We also unpack the other side of retirement — the nerves beforehand, the surprises once it actually began, and the things that unfolded that they had not expected. David and Narelle speak openly about the emotional shift that comes with leaving work behind, adjusting to a different rhythm of life, and finding purpose and enjoyment in the years ahead. It's a warm and honest conversation filled with practical reflections for anyone thinking about retirement, preparing for it, or already beginning the journey.   DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433

In the next few episodes of Freedonomix we are sitting down with our clients to chat through their personal lived experience of Retirement. We have thoroughly enjoyed these genuine conversations about our clients journey's through both the financial and lifestyle experience of their retirements and we think there are a number of pieces of gold throughout.  In this episode of Freedonomix, we sit down with IWP client Ian Horn and former corporate executive to talk candidly about his transition into retirement. Ian reflects on his career background, what he valued most about his working life, and what he was most looking forward to as retirement approached. We also explore the more uncertain side of the journey — what made him nervous, what surprised him about the reality of retired life, and the things that happened that he simply did not expect. Ian shares honest and practical insights about the emotional and lifestyle shift that comes with stepping away from work, along with some thoughtful advice for anyone preparing for this next stage of life. It's a genuine conversation about retirement beyond the numbers — and what it really feels like when the day finally arrives. DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433  

Link to IWP's April 2026 Update (PDF) Monthly Market and Economic Chart Pack  Markets have experienced a volatile and challenging period over the past month, with both equity and bond markets declining as geopolitical developments—particularly escalating conflict involving Iran—drive renewed uncertainty, rising oil prices, and inflation concerns. In this month's discussion, Shane and Chris unpack the key issues influencing markets and portfolio positioning:  • Equity markets declined by approximately 7% in March, marking one of the weakest months since 2022, as ongoing conflict and uncertainty weighed heavily on investor sentiment • Escalating tensions involving Iran and the United States have increased geopolitical risk, with unpredictable leadership dynamics contributing to heightened market volatility  • Oil prices have risen above $100 per barrel amid supply disruptions and concerns around key shipping routes, reinforcing global inflationary pressures • Rising fuel and energy costs are impacting both households and businesses, with discretionary spending expected to weaken as essential expenses increase • Inflation remains a key concern globally, particularly in Australia where price pressures were already elevated, increasing the likelihood of delayed or additional interest rate hikes  • Historically, markets react sharply in the early stages of conflict before entering a stabilisation phase, with current conditions suggesting we may be transitioning beyond the initial shock period • Consumer sentiment has softened, with individuals and businesses delaying decision-making amid ongoing uncertainty  • While short-term volatility has been significant, broader market performance over the past 12 months remains relatively resilient, highlighting the importance of maintaining perspective  • Portfolio strategy remains unchanged, with a continued focus on diversification across sectors, asset classes, and geographies to manage risk in unpredictable environments • Attempting to time markets or make short-term tactical shifts remains highly challenging, particularly given rapidly changing geopolitical developments and market reactions Overall, the message remains consistent: remain disciplined, avoid reacting to short-term volatility, and stay focused on long-term investment fundamentals and the benefits of a well-diversified portfolio. Should you prefer this in video form, please head to YouTube DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

In this episode of Freedonomix, Cameron Howlett sits down with Tim Dawe, our newest partner at IWP to unpack the growing conversation around potential capital gains tax changes and what they could mean for the Australian property market. Together, they explore how the current CGT discount works, why governments may be tempted to change it, and whether any reform would genuinely improve housing affordability or simply reshape investor behaviour. It's a timely discussion on tax policy, property strategy and the broader forces influencing wealth creation in Australia. DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

In this episode of Freedonomix, Cameron and Shane sit down with physiotherapist, business leader and former Kieser Australia director Tim Dettmann. Tim shares the story behind his journey from a young physio to helping grow Kieser Australia from a single clinic into a national network of more than 26 clinics and hundreds of staff. But this conversation goes far deeper than business success. We talk about the moments that shape a life — the decisions where you have to take a risk, the importance of backing yourself, and the people who support you along the way. Tim reflects on the power of family support, the lessons learned from stepping into the unknown, and why doing difficult things often becomes the catalyst for growth. This is a conversation about resilience, courage and what it really takes to build something meaningful over time. If you've ever stood at a crossroads wondering whether to play it safe or take the leap, this episode is for you. DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433. 

Link to IWP's Global Investment Outlook (PDF) Global markets have delivered strong returns over the past year, supported by resilient economic growth and continued momentum in AI-driven investment, while policy uncertainty and inflation risks remain key watchpoints heading into 2026. In this month's update, Cam and Naasha from Willis Towers Watson review portfolio performance and outline the global economic and asset class outlook: Investment portfolios have continued to outperform their long-term objectives across defensive, balanced and growth strategies, reflecting disciplined asset allocation and low-cost implementation  U.S. growth remained more resilient than expected in 2025, driven by strong consumer spending and significant AI-related capital investment, with 2026 growth forecast to remain above trend  Inflation in the U.S. is expected to stay elevated but manageable, with only limited scope for further rate cuts as the Federal Reserve balances growth and price pressure European growth has also proven steady despite trade tensions, with fiscal expansion and stable inflation supporting a constructive outlook for equities In Australia, economic growth has improved, though inflation has re-accelerated, prompting a recent rate hike; the RBA is expected to remain cautious and data-dependent in 2026 China met its 5% growth target in 2025, successfully navigating trade tensions, with technology investment and domestic consumption key to its 2026 outlook Global equities remain the preferred asset class in the short term, supported by earnings growth, fiscal expansion and ongoing AI investment, while government bonds continue to play an important diversification role Credit markets appear less attractive in the near term due to tight spreads, and currency movements have seen the Australian dollar strengthen against a softer U.S. dollar Overall, the message remains clear: despite heightened policy and geopolitical uncertainty, markets have shown resilience. A diversified, long-term investment approach remains central to navigating volatility while positioning portfolios for continued global growth opportunities. Should you prefer this in video form, please head to our  YouTube DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

Link to IWP's January 2026 Update (PDF) Market Update   Markets have started the year on a steadier footing, with equity markets rebounding after a softer end to last year, while geopolitical developments add a layer of uncertainty without materially disrupting markets so far. In this month's discussion, Andrew and Chris unpack the key issues influencing markets and portfolio positioning:  Equity markets have opened the year reasonably well following a weaker finish to last year, with January activity picking up as investors return from the holiday period  Geopolitical tensions involving Venezuela and Iran, alongside renewed unpredictability from Donald Trump, have increased headline risk, though market impacts have remained relatively muted to date  Oil prices remain a key watchpoint, with any escalation in global tensions potentially feeding through to higher energy costs and renewed inflation pressures In Australia, inflation has eased from prior peaks but remains above the RBA's target range, while stronger-than-expected consumer spending suggests parts of the economy may be reheating The RBA faces a finely balanced outlook, with improving sentiment and spending weighed against ongoing cost-of-living pressures and the risk of further inflation persistence In the U.S., attention is turning to tensions between Trump and the Federal Reserve, including scrutiny of Jerome Powell, raising questions around central bank independence and future rate policy Portfolio strategy remains unchanged, with no short-term adjustments in response to current news flow, reinforcing a disciplined, long-term investment approach  Diversification and broad market exposure continue to be emphasised, with expectations that returns will broaden beyond a small group of high-profile tech and AI stocks over time Overall, the message remains consistent: stay the course, avoid reacting to short-term noise, and remain focused on long-term fundamentals and diversified portfolio construction. Should you prefer this in video form, please head to Youtube

Link to IWP's October 2025 Update (PDF) Monthly Market Update   Markets have experienced a modest pullback this month as uncertainty rises across global economies, though underlying fundamentals remain resilient.  In this month's discussion, Chris and Brigitta explore the key themes shaping markets and investor sentiment: • After a strong six-month run, equity markets have softened slightly, reflecting mixed economic signals and increased caution from investors • The RBA has kept the cash rate on hold, with inflation edging higher and labour-market conditions needing to soften further before any additional rate cuts are likely • Spring property activity has picked up, supported by improved sentiment and the government's 5% deposit scheme for first-home buyers • In the U.S., the recent government shutdown has ended, but delayed data releases and reduced consumer confidence have added short-term uncertainty • Global tariff tensions remain elevated, with the U.S. and China maintaining a fragile truce that continues to influence market volatility • AI-related stocks, including Nvidia and the broader "AI seven," have delivered strong returns but now face questions around high valuations and heavy investment spending • Despite short-term movements, diversified portfolios continue to be well positioned, with long-term structural themes guiding investment decisions rather than short-term market noise As always, we highlight the importance of staying diversified, disciplined, and focused on long-term outcomes.   Should you prefer this in video form, please head to IWP YouTube

In this episode of Freedonomix, we sit down with Andrew Brown — Senior Financial Adviser at Independent Wealth Partners, CPA, CFP®, and someone whose career has been shaped by a simple idea: numbers matter, but people matter more. Andrew shares the story behind his journey — from his early life and career foundations, to discovering that financial advice wasn't just a profession, but a pathway to genuinely helping people create clarity, confidence, and choice in their lives. We talk about what drew him to financial advice, how his grounding as a CPA and CFP® shapes the way he supports clients, and why he finds deep purpose in using his technical skillset to serve others. You'll hear thoughtful reflections on life, money, family, challenges, and the moments that cemented his belief in the value of great advice. It's an insightful, human conversation with one of the key advisers at IWP — and a reminder that behind the spreadsheets and strategies are real stories, real families, and real impact.

In this episode, Luke Axton - Partner and Chartered Accountant at IWP breaks down the key moments when SME owners should bring in a business consultant and why timing matters. We dive into how to plan for sustainable growth, the foundations of preparing a business for eventual sale, and how defining your personal purpose shapes the kind of business you're actually trying to build. A practical, grounded conversation for any SME owner seeking clarity and direction.

In this episode, Cameron and Lynn talk about gold — its history, volatility, and the role it plays in diversified portfolios. They explore why gold continues to capture investor attention, how it performs over the long term, and whether it truly offers protection in uncertain times. It's a practical, plain-English discussion that cuts through the hype and looks at gold through the lens of evidence, data, and real-world financial planning — the Independent Wealth Partners way.

Link to IWP's October 2025 Update (PDF) https://tinyurl.com/3njbkdx2   Markets remain steady as both Australian and U.S. economies show resilience amid cautious central bank policy and ongoing global uncertainty. In this month's discussion, Andrew and Lynn explore the latest economic data and what it means for investors:  • The RBA pauses rate cuts after three earlier reductions this year, taking a data-driven and cautious approach • Australian GDP growth comes in slightly above expectations at 1.8%, signalling a deliberate economic slowdown to control inflation • Unemployment remains stable at 4.2%, consistent with the RBA's soft-landing target range • In the U.S., a brief government shutdown grabs headlines but is expected to have minimal long-term impact • The Federal Reserve delivers its first 25-basis-point rate cut of the year, reflecting stabilising inflation and ongoing labour-market strength  • Markets remain strong, with the IWP High Growth Portfolio returning approximately 14.6% over the past 12 months • Political developments and tariff policies continue to introduce short-term volatility, but long-term fundamentals remain intact As always, we highlight the importance of staying diversified, disciplined, and invested for the long term.   Should you prefer this in Video form, please head to IWP Market update - October 2025  

In this episode, we unpack the collapse of the First Guardian and Shield Master Trust funds — two high-profile failures that left more than twelve thousand Australians and over $1.2 billion of retirement savings in jeopardy. We break down what went wrong — from poor governance and related-party investments to inadequate oversight and regulatory failings — and explore the lessons investors can learn from it.  Most importantly, we explain how our approach at Independent Wealth Partners is fundamentally different. From rigorous due diligence and independent investment selection to transparent structures and client-first accountability, we show what it really means to safeguard wealth — not just grow it. DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

In this episode, we dive into the major revisions recently announced for the proposed Division 296 tax — the government's plan to impose extra tax on earnings from very large superannuation balances. Under the revamped proposal: Unrealised gains are out: only realised earnings (interest, dividends, rent, and capital gains when sold) will be taxed — removing a thorny compliance issue.  It introduces a tiered tax structure rather than a flat surcharge: • Balances between $3 million and $10 million: taxed at an effective 30 % (i.e. 15 % base + 15 % additional) • Balances above $10 million: taxed at 40 %  Thresholds will be indexed to inflation to avoid "bracket creep." The start date is delayed from 1 July 2025 to 1 July 2026, giving more time for planning.  The first assessments will be based on totals at 30 June 2027, with implementation in the 2027-28 financial year. We also unpack what these changes mean in practice — the benefits (like reduced complexity and lower risk of forced sales), the potential downsides for ultra-high net worth holders, and the strategic moves individuals and advisers should be considering now. DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

Aged Care update - Helping You Stay at Home for Longer: The New Support at Home Program Explained Big changes are coming to in-home aged care. The Support at Home program aims to simplify funding, improve flexibility, and put your rights first. Our Aged Care and Retirement Planning Specialist - Williza Demirel breaks down what this means for you, your family, and how to plan confidently for care that supports your independence. DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.    

Steve Kelly, Managing Director of MBL Maintenance is the guest on this episode of Freeedonomix.  We explore Steve's journey from a rural childhood in Central Victoria to leading a fast-growing civil construction business in the rail industry.  Stephen shares candid reflections on early influences, the challenges of school, building work ethic, and the pivotal role of mentors. The conversation covers lessons learned from sporting ambitions, navigating business setbacks, and the importance of resilience, risk-taking, and leadership. Our listeners will gain fascinating insights into defining success, balancing personal and professional life, and the value of supporting others through opportunity and backing employees.   DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433. 

Chris Haggart, one of the partners at IWP is the guest on this episode of Freeedonomix.  The conversation explores Chris's upbringing in the Macedon Ranges and the fear of being "average" that shaped his early life. He shares a pivotal, life-changing moment: pushing through a severe Achilles tendon injury to finish the Melbourne marathon, a decision that helped him break a lifelong pattern of quitting when things got difficult. The exchange is about personal growth, finding purpose beyond professional metrics, and using your life to create a positive "ripple" in the world. Enjoy!

Link to IWP's September 2025 Update (PDF) https://tinyurl.com/2nxfa5d3 Markets remain resilient, with inflation moderating and interest rate cuts beginning to shape the outlook — despite ongoing global uncertainty. In this month's discussion, Andrew and Shane explore what's driving performance and the key issues investors are watching: - Signs of a gradual global economic slowdown, with resilience in the US and Australian economies - Interest rate cuts taking time to flow through, with benefits expected from 2026 - Inflation moderating but household cost-of-living pressures remaining high - Share markets staying strong despite economic and political uncertainty - Donald Trump's tariff policies adding unpredictability to global trade - Long-term investing discipline vs. short-term market reactions  As always, we highlight the importance of staying invested for the long term. Should you prefer this in video form, please head to https://youtu.be/QHbSFAh8Wmc

Link to IWP's August 2025 Update (PDF) Market Update Markets remain at record highs, despite negative media headlines.  In this month's discussion, Chris and Williza explore what's driving performance and the key issues investors are watching: US–China trade tensions and Trump's tariff truce The RBA's interest rate cut and its impact on homeowners, savers, and property markets  Ongoing tax reform debates in Australia, including negative gearing and capital gains Rising US inflation, Federal Reserve challenges, and uncertainty around future leadership Long-term investing vs. market timing, with insights on Warren Buffett's recent moves As always, we highlight the importance of staying invested for the long term. Should you prefer this in video form, please head to (1) IWP August update 2025 - YouTube

Link to IWP's July 2025 Update (PDF) https://tinyurl.run/PHjq3Z With geopolitical tensions easing, where are the markets turning their attention now? Our July Market and Economic Update breaks down the key shifts we're seeing.   This month's key points:   A Calmer Global Outlook: Easing geopolitical tensions and a stable ceasefire between Israel and Iran have provided a supportive backdrop for markets. This sentiment has helped drive global equities higher, with the S&P 500 and Nasdaq 100 approaching their all-time highs.   Shift to Domestic Policy: As global risks subside, market focus is pivoting to US domestic policy. Federal Reserve Chair Powell's recent comments have reinforced expectations for interest rate cuts later this year.   Policy in Focus: In Washington, President Trump is advancing the US tax and spending bill, which is expected to remove or weaken the "revenge tax" on non-US investors—a welcome development for the market. Progress on trade negotiations ahead of a July 9 deadline has also improved sentiment.   Overall, the reduction in geopolitical risk premiums has led to lower oil prices and low market volatility. While the outlook is positive, rising US inflation remains a key factor that could potentially delay policy easing.   Should you prefer this in video form, please head to https://youtu.be/CnpIMJnWqUI?si=wbnMXKP67xOfY9xZ

IWP Strategic Update (PDF) - https://tinyurl.com/22qgo83x The proposed Division 296 tax introduces a significant change for superannuation balances over $3 million. With a proposed start date of 1 July 2025, this legislation will apply an additional 15% tax on earnings related to balances above the threshold. Crucially, this tax is calculated on both realised and unrealised gains, creating potential liquidity challenges for assets like property within an SMSF. Given the start date may be retrospective, it is vital to understand the implications now. In this video, Cameron and Chris provide a detailed analysis of the proposed law. We walk through worked examples, discuss the impact on asset allocation, and outline key strategic considerations for clients.  Shoudl you wish to watch the full video - please head to YouTube - https://www.youtube.com/watch?v=oRcEjegnwJk #Division296 #Superannuation #TaxLaw #FinancialPlanning #SMSF #WealthManagement #AustralianTax Disclaimer: This content is for informational purposes only and does not constitute financial advice. 

Link to IWP's May 2025 Update (PDF) - https://tinyurl.com/24r9ga3a This month Cam and Chris revisited the full economic data pack for the first time in 6 months. Globally, the US Federal Reserve's preferred inflation measure, core PCE, slowed to 2.6% annually, with a minimal 0.1% monthly increase in May. US GDP growth is expected to be weak but avoid recession, though policy uncertainty could slow business investment. Tariffs are predicted to lead to weaker growth and higher prices in the US. Cam and Chris then reviewed IWP's Flagship portfolio - Lifestyle Model 4 - showing a 1-year return of 11.88%, outperforming its index. As always we cautioned against market timing, noting that the best and worst trading days often occur close together. As always, please do not hesitate to reach out if you have any questions or would like to discuss your portfolio in light of these developments. Should you prefer this in video form, please head to - https://youtu.be/7gfigGwfJxA

Link to IWP's May 2025 Update (PDF) - IWP Market Update Cameron and Lynn recently discussed several key economic and market developments in our latest YouTube video, and we have highlighted the main points for you: US Trade and Policy Uncertainty: Ongoing trade tensions and political developments continue to create a degree of uncertainty in the global economic outlook.   Market Volatility and Economic Recovery: We observed significant market swings in April, influenced by a combination of mixed corporate earnings reports, evolving political concerns, and central bank policy announcements. Encouragingly, markets showed a notable rebound towards the end of the month.   Australian Economic Resilience: Despite global headwinds, the Australian economy continues to demonstrate resilience, with inflation remaining under control and expectations of potential interest rate cuts in the future. Australia's relative insulation offers a degree of stability in the current environment.   Long-Term Investing: As always, we emphasize the importance of maintaining a long-term perspective in your investment strategy. This includes staying invested through market fluctuations, avoiding attempts to time the market, ensuring adequate diversification across your portfolio, and regularly reassessing your risk tolerance in line with your financial goals.   As always, please do not hesitate to reach out if you have any questions or would like to discuss your portfolio in light of these developments.   Should you prefer this in video form, please head to YouTube  

Link to IWP's April 2025 Update (PDF) - https://tinyurl.com/26j66dkp This month Andrew and Chris walk through the continued volatility that the markets have been seeing during March. Outcomes continue to be driven by US trade policy, expectations of inflation (primarily in the US) and potential future tariffs. The Australian Federal Election has also been called - which may mean some action here on Australian shores as we get closer to May 3rd. Should you prefer this in video form, please head to https://youtu.be/sCVHIzFgEKg  

Welcome to the first IWP Market update for 2025. This month Shane and Chris walk through what has been a turbulent start to the year after the inauguration of Donald Trump. We spoke through his policy platform to date, and why it has been so impactful on markets to date.

Link to IWP's Aged Care Act Changes (PDF) - https://tinyurl.com/2b7yq7q6 In this strategic update Williza Demirel, IWPs Aged Care Specialist walks through the new Aged Care Act changes in detail - and what they might mean for families that have a loved one considering entering aged care over the next 12-18 months. The Australian Government is introducing a new Aged Care Act, aiming to significantly reform the aged care system. The new Act is a response to the recommendations from the Royal Commission into Aged Care Quality and Safety. It seeks to improve the quality of care for older Australians and give them more choice and control over their care. The new Act is expected to commence on 1 July 2025, coinciding with the launch of the new Support at Home program. This is a must watch for anyone thinking about Aged Care in Australia over the next year. Should you prefer this in video form, please head to YouTube: https://youtu.be/fTtXrUNrwlY

Link to IWP's September Update (PDF) - IWP Monthly Update - September 2024 This month Andrew and Chris walk through the last month of financial markets. We discuss the main themes of: Some calm has been restored in markets following a sharp rise in downside volatility in late July and early August. Eurozone inflation continues to fall Australian inflation remains high - pushing expected rate cuts into 2025 Should you prefer this in video form, please head to YouTube - IWP Market Update - September 2024

Link to IWP's August Update (PDF) - IWP Monthly Update - August 2024 During the first few days of August there have been several significant economic updates:           The Bank of England began its rate-cutting cycle by cutting the official rate by 0.25%           The Bank of Japan raised rates (to 0.25%) and announced a reduction in its bond buying program.           Australian core inflation fell marginally, and;           There was a softer than expected US jobs report. Whilst economic growth data has been choppy recently, in aggregate it has remained consistent with a moderate, if slowing, global expansion. This view was called into question last Friday with the relatively weak US unemployment data release and this was a key catalyst in market participants calling expectations of a "soft landing" into question. As a result Shane and Chris walk through the events of the week, our views, and what this means for client portfolios. Should you prefer this in video form, please head to YouTube - IWP Market Update - August 2024

Link to IWP's July Update (PDF) - https://tinyurl.com/254t7rtv This month Chris and Andrew walked through the months market and economic events. Along with our usual analysis, we touched on the following key points: Market volatility has increased with elections in several countries: o France o November US election o India o Mexico o South Africa US core Inflation has slowed to 2.6% – increasing the chance of rate cuts this calendar year Persistent Inflation pressures here in Australia – and a potential disconnect between government and monetary policy. Should you prefer this in video form, please head to YouTube - https://youtu.be/i76UGbdGxNE

June 2024 Summary: This month Shane and Chris walk through the months market and economic events: Unexpected rise in Australian unemployment (4.10% versus expected 3.9%)  2024 Federal Budget – was it a net positive or negative for inflation? Interest rates – both here in Australia and in the US Australia - Bullock stating that the RBA will target a gradual approach as they want to maintain strong jobs US – Economy looks to be slowing – e.g. Jobs Openings data overnight Link to youTube - https://www.youtube.com/watch?v=7fQse_tgRLA Link to the Monthly Update Slide Deck - https://tinyurl.com/25mqj5zp

May 2024 Summary: This month Cameron and Andrew walk through the economic and market events of May. We continued to see more volatility markets, as the central banks around the world grapple with the direction of interest rates. We also discussed the changing nature of the Australian economy over the last decade, and how population changes has shaped our various economic sectors. As we have been saying for the last few months, 'where to from here' will be data dependent, and largely driven by interest rate expectations. Link to youTube - https://www.youtube.com/watch?v=7fQse_tgRLA Link to the Monthly Update Slide Deck - https://tinyurl.com/25mqj5zp

March 2024 Summary: This month Chris and Andrew walk through the start of 2024. It has been a fantastic 8 weeks for markets, as the turnaround since November has continued in earnest. We discuss how this has impacted portfolios, as well as the falling savings ratios and negative disposable income that Australian households are facing at the moment. We walk through what risks are still present, and we might look forward to over the remainder of 2024.  Link to youTube - https://youtu.be/-DoZqGrPqpg Link to the Monthly Update Slide Deck - https://tinyurl.com/22gr8sbc

For the start of 2024 we decided to take a look back through calendar year 2023, as well as chat through the current expectations for the 2024 year. To do so, we invited in Sean Hollins from Willis Towers Watson (WTW). Sean is the Head Portfolio Manager (Australia), and sits on the IWP investment Committee each quarter. WTW's input is invaluable when we make our portfolio asset allocation and investment decisions.

This month, Shane and Andrew talk through the market events of November. Returns have been strong across all assets classes. Financial data has shown a more rapid reduction in inflation than markets expected, both in Europe and the US. In Australia, we are still waiting for service inflation to taper off - and this is continues to be a key item of interest for Michele Bullock and the Reserve Bank.

This month Chris, Shane and Andrew walk through the events of October. After a tough September for investors across all asset classes, we saw a marked improvement during October. Financial data is still mixed, and the direction for the rest of 2023 is still unclear.

This month Shane and Chris discuss the volatile month that was September. It looks like the higher for longer story is going to be with us for longer than the markets had hoped. We expect more volatility to come over the next 6 months.

This month Shane and Cameron took some time to revisit the world events that have impacted markets over the last 3 years. These events have shaped the macroeconomic themes that we continue to see around the world, including interest rates, and our strategic asset allocation.