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Australia’s retirement income system report card
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.
Ensure your discretionary trust is not unwittingly subject to extra duty or land tax
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.
Market response to US election and vaccine developments
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.
Take steps now to help your executor
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.
Your super to follow you
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.
Jobs, jobs and more jobs – Budget 2020-21
Jobs, jobs and more jobs. Staggering spending levels unveiled in the 2020 Budget flag an intention to fix the economy first, and deal with deficit later.