Beyond Term Deposits

In May, the Reserve Bank lowered the official cash rate to a record low of 1.5%. They signalled a possible further drop to 1.25% and an expectation that the inflation target point will increase to 2%. Over the past 10 years inflation has averaged approx. 1.5% The...

Caution urged on large-scale gifting

ODT Column by Pete Smith:  Gift duty was abolished on October 1 and according to the legal profession the advice is “do not rush” into larger-scale gifting, read the reasons why. Download the full...