Moominmama's Taxes 2015-16 Edition

I've filed Moominmama's (formerly Snork Maiden) tax return for this tax year. The tax year runs from 1st July to 30th June in Australia. The figures ignore employer and employee contributions to superannuation (retirement account) which amount to a lot of extra income. Everything is in Australian Dollars of course.

Her salary is down because she went on maternity leave and the average tax rate also falls as a result. Investment income is up though.

Here are the reports on Snork Maiden's taxes for all previous years:

2014-15
2013-14
2012-13
2012-13
2011-12
2010-11
2009-10
2008-9
2007-8

Moominpapa's Taxes 2015-16 Edition

I have now completed my tax return. Looks like I should get a $204 refund. My taxable income is up by 2%. But my tax is up 4% despite a 23% increase in deductions and increases in tax credits. I'm a bit puzzled by that but I did move into the top tax bracket. Gross cash income is before tax income ignoring franking and other tax credits and adding in net undiscounted capital gains (not deleting losses from previous years).

This was the first year I checked what information the government knows about my tax affairs as revealed by the prefilled information on my tax return. They are missing a lot of information on my Australian accounts and none on my foreign holdings. Strangely they have dividends for some shares I have with a broker and don't have information on dividends from other companies that I hold through the same broker. Also they have one managed fund account but not the other I hold with the same firm. If I filed a return based on the numbers they know but taking the deductions I could document my return would look so radically different to last year that I think it would raise a lot red flags. But I didn't want to give the government any more information than they have, so I again filed a paper return. I filed Moominmama's return online for the first time, using the prefilled numbers plus deductions.

Previous years' reports:

2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-9
2007-8

P.S. 9 November

I got a more than $900 refund. Don't know what I got wrong in my calculations, but I'm not complaining :)

September 2016 Report

This was an uneventful month in the financial markets. Most notable thing was in our local housing market. A strong auction of a house in our development caused me to increase the carrying valuation of our house. Here are our monthly accounts (in AUD):

Spending (not counting mortgage) was moderate at $5.7k. Salaries etc. added up to $11k (after tax). After taking into account the mortgage payment of $3.7k (which includes implicit interest saving due to our offset account - the actual mortgage payment was about $500 less than this) - which shows up as a transfer to the housing account, we saved $1.6k on the current account. We made $3.6k of retirement contributions, and saved a net $1.6k in added housing equity. Net saving was, therefore, $6.8k across the board.

The Australian Dollar rose from USD 0.7520 to USD 0.7665. The ASX 200 fell 0.48%, the MSCI World Index rose 0.66%, and the S&P 500 rose 0.02%. We lost 0.15% in Australian Dollar terms and gained 1.78% in US Dollar terms. So we underperformed the Australian market and outperformed the international markets.

The best performing investments (in total dollars not RoR) were Oceania Capital Partners and Platinum Capital, which both gained $2.1k. The worst performer was the Unisuper superannuation fund, losing $1.6k. The best performing asset class was private equity, which gained 2.79% and the worst commodities, which lost 0.82%.

As a result of all this, net worth rose AUD 23k to $1.617 million or rose USD 41k to $US 1.240 million.