FIVE Important Financial Matters Expatriates Need to Consider.
In this video, James Marshall, Financial Adviser explores FIVE important financial matters expatriates need to consider.
ESS: How To Avoid Financial and Emotional Turmoil (Case Study)
Prior to our involvement with his affairs and following his unexpected death, our client had inadvertently created a devastating financial legacy that would take years to sort out and cost his estate hundreds of thousands of dollars to resolve. The situation had arisen in part because he received poor advice concerning a very large contribution…
ESS: What You Need To Know About Executive Share Schemes
Prepared for mining and resources executives and employees who have an Executive Share Scheme (ESS) as part of their salary package, this document provides an insight into the nature of ESS. We aim to create an awareness of the inherent complexity involved in managing an ESS, the requirement for constant review and the high probability…
ESS: Key Considerations for your Executive Share Scheme (Video)
For recipients of a past, current or future executive share scheme living in Australia or overseas, this video summarises key considerations as well as why you need specialist advice to make the most of your ESS: Vesting and the crucial decision about what you should do with newly vested shares; The implications of multiple tax…
Why Income Protection changes set for March 31, 2020 are important for you
The Australian Prudential Regulatory Authority (APRA) recently announced a range of measures to income protection that aims to sustain this important insurance. Here I summarise why these changes are SO important, and why high-income earners and self-employed business owners in industries that include mining and resources need to act NOW to benefit from favourable definitions that will soon be removed.…
Business Succession: CGT Exemptions Favour Super Savings
In this series of articles written for Resources Unearthed, we explore key issues that business owners in mining and resources need to consider when they want out, and importantly, why they’ll need a professional advice team to handle what are typically highly complex and diverse issues across legal, tax, accounting and personal financial planning priorities.…
Financial Collaboration: THREE Business Matters That Directly Affect Your Personal Prosperity
We know that mining and resources business owners work long hours, often in complex environments, to build successful businesses. As a consequence, it is common for them to overlook important business issues that can have significant implications on both the business and their own personal wealth.
Time To Catch Up? Why You Should Consider The New Concessional Contributions Catch-Up Provision
Building wealth effectively within superannuation is an important consideration for mining and resources personnel, particularly when a change in super legislation may be of benefit. 2018/19 is the first financial year you may be able to boost your superannuation balance by carrying forward unused superannuation concessional contributions cap amounts.
THREE End-Of-Financial-Year Planning Tips for Mining and Resources Professionals
Your life as a mining and resources professional will always be busy but as the end of financial year (EoFY) approaches, it could be highly beneficial for you to stop and take stock of your financial situation, goals and objectives, and do any necessary fine-tuning before June 30. My EoFY planning tips for mining and resources…
Multi-Disciplinary Advice for Business Owners: Five Important Financial Planning Considerations
If you are a business owner or are planning to transition from employee to employer in mining and resources, then this article is for you.