Our latest insights

The ATO estimates Australia has 800,000 trusts controlling over $3t in assets and with $3.5t in wealth about to transition from the incumbent generation over the next 20 years, there needs to be consideration for the impending vesting date of Australian family trusts.

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.

Social media offers strong appeal for the masses to learn finance due to the ability to quickly disseminate information in a digestible way. While this may not be how previous generations learned financial acumen, it is undeniable that social media platforms are opening new ways of understanding how to build wealth.

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.

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?

When considering starting a Family Office, it is important to know the potential pitfalls that may affect your wealth position and how every family member has the potential to impact this wealth – positively and negatively. And many are often an untapped resource.

There have been some recent developments from the ATO which are set to impact those using a discretionary trust as part of their financial family arrangements.

A question we often hear is ‘what is a family office’? While any family can think about these same issues and investment goals, our family office start up allows families with a minimum of $2 million to invest to start 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.

Aspects to consider and questions to ask yourself when developing a family office.

Circumstances regularly arise whereby a business’ legal structure is no longer appropriate or beneficial for the business.

Retirement is supposed to be the phase of life when things become simpler. But for many people managing their retirement income adds complexity to what ought to be a time of relaxation.