A deeper look at the things that matter
May 16In stark contrast to last year, there are not many changes that require immediate Wealth Strategy attention. And then there is the Senate. Read More
Apr 26We will have advised 100% of affected clients well before the 30-Jun-17 deadline, allowing plenty of time for consideration and implementation of recommendations. Read More
Dec 1There is little point in listing the new superannuation changes in their entirety. Instead, we view them from the effect on four key client groups. Read More
Nov 9Australians are about to be bombarded with media news about the new superannuation changes. And with media-advice about what to do. First Samuel’s advice, for now, is to do nothing. Wait for the fine print. Read More
May 17The Federal Budget, announced on 3rd May, included a number of significant proposed changes to superannuation. Read More
Dec 16The government has foreshadowed changes to the superannuation regime. Be prepared. Be intentional.
The Federal budget is in deficit and it needs to be brought under control. Rightly or wrongly, superannuation is seen as ‘low-hanging fruit’. And the government has made it clear that changes will be made to the superannuation regime that both collect more tax and make it ‘fairer’.
Much of the media commentary is on speculative positions presented by ‘think tanks’, industry experts or those with a ‘barrow’ to push. But it does appear that the government will make changes at next year’s budget and/or go to the election with a package of broader tax and welfare proposals. Read More
May 28Sound wealth management requires diversification of both structures and investments
• Superannuation is extremely tax effective but its complex rules are constantly changing
• A sound financial strategy for those still some way from retirement requires diversification by investing in both superannuation and non-superannuation structures
The wrong investment structure(s) can mean too much tax is paid on investment income and gains, or the inability to access funds when required. Read More
May 6Gearing strategies funded by margin loans have changed over recent years. To ensure ongoing tax efficiencies and effective risk management it is critical that they be reviewed. And there may be better alternatives.
The current combination of low interest rates, high (franked) dividend yields and, in some cases, lower loan-to-value ratios, means margin loan share portfolios may hold greater risk, be positively geared and no longer be tax effective in a high taxed entity. Read More
May 6‘Nothing is certain in life, except death and taxes’. the task is to ensure that death doesn’t mean tax.
Last year the government released regulations confirming the continuing tax-free status of a superannuation fund in pension phase following the member’s death.
However, there is a second layer of tax that applies to superannuation death benefits received by non-tax dependent beneficiaries (such as independent adult children).
If you are at least age 60 all superannuation withdrawals made by you are tax-free and if you die, your benefits can be paid to a tax dependent, such as your spouse, tax-free.