Family trusts have long been a popular structure for managing business income, investments and succession planning. However, a major change is proposed from 1 July 2028, with the Federal Government planning to introduce a 30 per cent minimum tax on discretionary trust income and reduce some of the tax advantages these structures have traditionally offered.i … Read more
Retirement can be a time when people may try to take advantage of your trust. Protect your money from people you know Elder financial abuse Elder financial abuse is a form of financial abuse and a serious problem in Australia. Many older Australians can be at greater risk of elder financial abuse as they are … Read more
Diversification is an investment management strategy that reduces the impact of some of your investments performing poorly. What is diversification When it comes to investing your money, diversification means spreading your money across a number of different investments, to reduce the overall volatility of your portfolio. For example, you can spread your money across types … Read more
Learn what compound interest is and how it can be used to grow your savings. Understanding compound interest Compound interest is where you earn interest on both your initial deposit and on the interest that you’ve already earned, making the total invested at the end of each term greater than the last. This is a … Read more
If someone close to you has died, you may be able to claim a super death benefit. What is a super death benefit? A super death benefit is money paid from someone’s super after they die. It may be paid to an eligible beneficiary (or beneficiaries) or to the person’s estate. A super death benefit … Read more
Key takeaways Australia is no longer just a China proxy – demand for its resources is increasingly being driven by global themes including AI infrastructure, energy transition, defence spending and supply-chain security. Structural scarcity is replacing cyclical commodity dynamics – years of underinvestment in mining, combined with rising demand for critical minerals, are creating … Read more
Most super funds offer insurance through super, including life, TPD, and income protection. Types of life insurance in super Most super funds (except self-managed super funds) offer 3 types of insurance to members: Life cover (also called death cover) pays a lump sum or income stream to your beneficiaries. It pays when you die or … Read more
AI may change jobs, but history suggests mass job losses are unlikely Every wave of technological change seems to arrive with a familiar prediction: This time, jobs are going away for good. The effect of automated teller machines (ATMs) on the bank teller profession reveals a more nuanced reality. When ATMs became widespread in the … Read more
A healthy super balance doesn’t always rule you out of the Age Pension Many Australians assume a healthy super balance means they’re not eligible for the Age Pension. But that’s not always the case. If you have a decent superannuation balance and other financial assets, you may have ruled out the possibility of getting … Read more
These are regular payments made from your superannuation fund or purchased using either superannuation money or savings. Keep in mind, these are general guidelines only. For more information, you can either: visit a service centre call the Centrelink Older Australians Line and speak to a Financial Information Service Officer. What types of income streams there … Read more
Get the help you need If you’re faced with a sudden accident or injury, or you have a chronic illness, getting help can be tough, and that’s ok. Before you begin, you may want to ask for support from family or friends, so you feel ready to work through your to-dos. Get important paperwork done Sorting … Read more
There are a number of ways to buy shares, including when they first float. How investing in shares works A share is part ownership in a company. Companies issue shares to raise money. After that, investors can buy and sell those shares to and from each other. When you own shares, you own a small … Read more
