For families with significant wealth who want to create a lasting impact and legacy through structured charitable giving, Private Ancillary Funds (PAFs) can be an attractive solution. A PAF is a private charitable entity that allow families to manage their donations thoughtfully and strategically. While there is no minimum initial setup, generally speaking, most are […]
READ MOREI’m a successful professional; why should I seek financial advice?
The short answer is that it’s for the same reasons people should seek your expertise. It’ll put you in a better position, give you precious time back and provide comfort that you’re making the best decisions to lead the life you want. Tell me more… Success in your professional career often brings enjoyment, recognition, and […]
READ MORECan you get $1.56m into super in less than a year?
Glad you asked! The answer for many people is absolutely. In fact, it could be more with employer or personal concessional contributions. The rules on super contributions present some interesting opportunities particularly for those approaching retirement. As of 1 July 2024, the non-concessional contribution (NCC) cap has increased and there are more opportunities for those […]
READ MOREWhy your digital assets matter in estate planning
If you have a will, you’ll have left instructions to deal with assets such as property, shares and cash. But what about digital assets? These days, our lives are increasingly digital. We store photos, important documents, and financial records online. Many of us use social media, we have email accounts and various online services that […]
READ MORESupercharge your super and unlock a $157,500 tax deduction opportunity
Most people in fairness aren’t eligible to claim a $157,500 tax deduction, nor does everyone have the income to fully utilise such an opportunity. However, there exists a powerful yet underutilised strategy within superannuation that could significantly alter your tax situation. What’s the strategy? It’s all about leveraging unused carry forward concessional contributions. Since the […]
READ MOREImportant superannuation changes for the 2024/25 financial year
What you need to know As we approach the new financial year, it’s important you are aware of the upcoming changes of superannuation contribution caps and thresholds. These adjustments may impact your retirement planning strategy, particularly concerning non-concessional (after tax) contributions (NCCs). Key changes from 1 July 2024 Increased concessional and non-concessional caps: The annual […]
READ MORERisks for the bank of mum and dad
Does the bank of mum and dad fully understand the risks of providing financial assistance to their children? Bendigo Bank run a tv ad about them being the better big bank snapping at the heels of the four majors. It makes you wonder how big the bank of mum and dad has become as the […]
READ MOREValues matter
How often do you stop to think about what’s really important to you in life? Values are the beliefs and principles that you believe are important in the way that you live and work. They give meaning to the things we do. They are individual to us, guide our behavior and allow us to […]
READ MORE2023 End of Financial Year Super and Tax Planning
As the end of the financial year (EOFY) deadline gets close, this is the time to consider if any superannuation and taxation opportunities are still on the table. By taking advantage of available tax concessions, you can potentially reduce your tax liability and secure a stronger financial future. Let’s have a look at some key […]
READ MORE30% super tax
The government has announced that from 1 July 2025, earnings from superannuation balances over $3 million will attract a 30% concessional tax rate, doubling the current 15% tax rate. Why? In its media release, the Albanese Government reasoned it is making our superannuation system more sustainable and fairer. They expect to raise a further $2 […]
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