According to the Prime Minister, the changes to Stage 3 Tax laws will provide a tax cut for everyone. Commencing 1 July, you’ll have money you’ve never had before and the question is: How will you use the extra cash? Will you spend it on living expenses or something a bit more fun, pay down…
The start of a new year usually heralds change. For some family leaders, changes in relationships and a range of external influences affecting family members have them concerned about potential impacts on family wealth.
According to a recent survey conducted by *Netwealth, wealthy Australians like to plan. Typically, they are highly educated, highly paid professionals or senior managers and while they are aged from 45 years, on average they are 60 years old. They proactively engage in their financial affairs and a very strong 64% consider themselves financially resilient.
Superannuation can be complicated and that’s mostly because there are lots of rules which provide restrictions, but there are also opportunities. For example, the opportunity to withdraw then recontribute superannuation can improve outcomes for adult children as beneficiaries of their parents estate, and benefit retired couples who may need to share superannuation.
We’d like to take you back to when you first sought financial advice. It may have been in the last year or two or perhaps it was 15 or 20 years ago. Regardless of the time lapse, there would have been a particular reason, and it’s very likely that reason remains the key purpose and…
With 30 June rolling up fast, now is the time to implement end of financial year super strategies that will provide the dual benefits of contributing more to your retirement savings and less to the tax office.
It’s the Australian dream. Retire at 55 and spend the rest of your life on the golf course, cruising the seven seas or enjoying other leisure pursuits. Sound fabulous? Maybe not. Given many of us will very likely see our 100th birthday, will we find enough to do for the next 45 years and more…
There’s been a lot of talk about the intergenerational wealth transfer as Australians, mostly Baby Boomers, retire over the next 20 years leaving significant financial legacies to their X and Y Gen offspring.
We know talking about money with your parents can be difficult. Sensitive and upsetting at best and for some families – taboo. However, it’s among the most important discussions you’ll ever have with them and here we identify THREE conversation starters that may help you to get them talking.
It’s not always easy to talk to the next generation about the responsibilities of money. Nor is it easy to explain the value of qualified advice to a cohort that is accustomed to relying on online information.