The ATO’s final position on ‘risky’ trust distributions
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family groups will pay higher taxes because of the ATO’s more aggressive approach. Section 100A […]
Is ‘downsizing’ worth it?
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs. What’s a […]
10 Obstacles to investing – and how to overcome them
The start of a new year is perfect for taking stock and revisiting your goals and plans. Incorporated into many of the decisions and actions we take is how we plan to fund short-term and long-term goals. Funding future goals, where things will cost more than they do today, is especially topical now, given the […]
Super tax rate change
Future earnings for super balances above $3m taxed at 30% from 2025-26 The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. At this stage the change is proposed. Any final legislation will come with further detail and practical […]
Full throttle in 2023
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough The downside of not taking time out for your strategy is that there is a tendency to keep a short-term focus at an operational level to try and pick quick wins to generate financial returns. Sometimes in the […]