Our latest insights

Treasury has released the most recent rework of the proposed Division 296 tax. Although it has provided some much-needed relief from the original draft, the rework now includes addition hurdles requiring careful planning and consideration.

Starting from 1 July 2026, the general transfer balance cap will increase from $2m to $2.1m, allowing further tax benefits for superannuation fund members.

The Superannuation Legislation Amendment (Tackling the Gender Super Gap) Bill 2025 presents the opportunity to evenly split superannuation balances amongst spouses.

Following the recent election victory of the Labor Party, it’s likely the Division 296 tax bill will be reintroduced and passed. The results saw government win the control of the House of Representatives as well as the Senate, which will also be controlled with the help from the Greens.

Having funds in superannuation is a great financial structure from a tax perspective. Despite this being a great vehicle to invest your money, you should be aware of the potential tax that applies to certain beneficiaries of your super upon your death.

While Family business make up 70 per cent of the Australian economy, only 12 per cent makes it to the third generation. As the first and second generation work on and in the business, it’s crucial to try and keep it alive – to uphold the legacy and ensure the business thrives for future generations.

The new superannuation contribution caps introduced from 1 July 2024 have provided the opportune time for taxpayers to strategise on how they can maximise their superannuation.

Outsourced CFO services can help scale up businesses, domestic established businesses and international subsidiaries with the demands of doing business

In recent years Division 7A interest rates have remained low, providing businesses with the opportunity to withdraw funds from their company and diversify their investments.

The cap on the amount of superannuation benefits that can be transferred into retirement pension phase (known as the Transfer Balance Cap) having been recently increased by indexation to $1.9m from 1 July 2023 and all Self-Managed Superannuation Funds (SMSF) with members in the retirement phase will be required to report certain events that affect their members’ Transfer Balance Accounts (TBA) on a quarterly basis from 1 July 2023.

As we enter the New Financial Year, it should be seen as an opportunity for you to consider family wealth goals in your Family Office for 2024. How can you structure your investments to ensure it is tax effective, assets are protected, and your goals can be achieved?

While the TV series Succession has captured audiences with its dramatic storylines, themes explored through the show reflect what families can face when it comes to growing and maintaining wealth throughout the generations. So how can Family Offices be successful in growing wealth from generation to generation?