Our latest insights

With just under four weeks until the End of Financial Year (EOFY), climbing interest rates and uncertainty ahead, what can family businesses do to be prepared?

As we approach the Federal Budget on 9 May, we share our insights on the implications of the Government’s recently announced Better Targeted Superannuation Concessions.

As a Trustee (the person who manages the fund) you have many obligations you must adhere to once your self-managed super fund (SMSF) is setup.

At Grant Thornton, we offer a National Superannuation team to support you and your family with the accumulation phase right through to retirement.

Following the Government’s announcement on 28 February 2023 regarding a reduction in tax concessions for superannuation balances over $3 million, we discuss what has changed in the past 12 months and what the future may hold.

A good governance structure will help you embed your values, goals and visions into you Family Office.

The ATO has recently announced that they have now re-commenced issuing requests to release excess contributions and other charges for superannuation fund members who did not make an election on how they would like to treat their excess non-concessional contributions for prior financial years.

In this podcast, Kirsten Taylor-Martin and Simon Gow, Partners in the Private Business Tax and Advisory team at Grant Thornton Australia discuss setting up a family office.

Last week, the Government passed a Bill that aims to improve flexibility for individuals preparing for retirement, increase superannuation support for individuals earning less than $450 per month and provide assistance for first home buyers.

A family’s legacy – or wishes for its legacy – are as unique as each family itself.

Extension to Self-Managed Superannuation Funds means more family members can benefit

If you are in a qualified profession or trade, it is important that you are aware of the ATO’s recent self-managed super fund around non-arm’s-length expenses.