In the right circumstances, inviting adult kids into your SMSF can work exceptionally well. But there are potential risks which need to be weighed up to decide if it’s the right option for you.
In his third Federal Budget, Josh Frydenberg lays down the Government’s plan to create more jobs, rebuild our economy and set up Australia for the future.
For any super members who are in accumulation phase, now is the time to think about your super contribution strategies before the close of the financial year.
If you’re transferring large sums of money electronically, take steps to ensure the money goes where it’s intended, and you don’t get tricked by fraudsters.
Probate is a critical legal step in administering a deceased estate, but it’s not always required. What is probate, how do you know if it’s needed, and how do you go about getting it?
Choosing a nursing home for your loved one is an enormous decision. How can you be sure you make the right choice? This article will help you figure out where to start, what to look for and questions you need to ask.
Choosing a reversionary beneficiary can help you be clear about who you want to benefit from your remaining super money, and document your wishes correctly.
From age 65 you gain full access to your super. But what if you want to retire and tap into your super earlier? Is this even possible, and what do you need to know?
If you’re approaching retirement, you should understand how the transfer balance cap applies to your situation and whether the upcoming increase has an impact on you.
Self-managed super is a common vehicle for super savings. What does it offer and why are so many Australians choosing self-managed super for themselves?
Whilst the Government’s policy response to the review remains to be seen, the core themes are obvious – don’t increase the super guarantee, don’t fiddle too much with the Age Pension, and don’t give the wealthy such generous tax breaks through super.
Did you know that if you have a discretionary trust that holds residential land in NSW, you may unwittingly become liable for a 2% land tax surcharge each year? Be informed, and take steps to review the situation applying to your trust.
With the US election outcome apparent and the announcement by Pfizer of a possible COVID-19 vaccine, perhaps there is light at the end of the tunnel.
The role of executor may be an honour, but it can also be an enormous task, depending on the size and complexity of the estate. You can make your executor’s job easier by gathering key information and making it available to them.
Too many people are paying unnecessary fees and insurance premiums on unintended multiple super accounts. The ‘Your Future, Your Super’ reforms announced in the 2020 Budget will prevent this happening in the future.