by admin | Mar 1, 2022 | Business Planning, Estate, Family, Lifestyle, Superannuation
A Will is a key document in your estate plan, but it’s not just a case of recording who gets what. Different assets may require different management. The executor of your estate is appointed in your Will and becomes the manager of your assets. The executor’s job is to...
by admin | Mar 1, 2022 | Estate, Family, Health Care, Insurance, Lifestyle
It’s the middle of the night and you’re jolted awake by extreme pain in your chest. You feel like the life is being crushed out of you and immediately realise you’re having a heart attack. Your partner frantically calls 000 and as you lay clutching your chest waiting...
by admin | Feb 16, 2022 | Economics, Family, Federal Budget, First Home, Housing, Insurance, Lifestyle, Retirement, Superannuation, Tax
First change we have is the Removal of the work test for NCCs and Salary Sacrifice. This means that clients aged between 67 and 74 will no longer have to meet the work test to make Non-Concessional Contributions (including using the bring forward rule, where all...
by admin | Feb 14, 2022 | Estate, Family, Insurance, Investing, Superannuation, Tax
Although death duties were abolished in Australia many years ago, a number of tax issues remain which must be handled effectively by legal personal representatives (LPR) such as the administrators and executors of deceased estates. Benjamin Franklin once famously said...
by admin | Feb 14, 2022 | Budgeting, Debt, Economics, Family, First Home, Lifestyle
We work hard to earn our income and even harder to save it to achieve our dreams. Even a few dollars saved on different types of bills over the years can compound to something meaningful. Let’s go through some of the ways that can help achieve these savings. Track...
by admin | Feb 14, 2022 | Business Planning, Estate, Family, Investing, Lifestyle, Tax
The basic function of a trust is to separate control and ownership. The result of using a trust is that assets are protected and profits are distributed in the most tax-effective way. There is no ‘one-size-fits-all’ type of trust. The trust you use depends...
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