Inheriting Shares

In 1978, Australia abolished “death duties”, being taxes upon the estates of decedents. However, this doesn’t mean that taxes are not payable when individuals inherit wealth. There are numerous taxes that apply to estates, such as those payable on superannuation proceeds and capital gains on disposal of certain assets. Within the below, we highlight some of the rules associated with inheriting personal share investments.

June Monthly Musings

Another financial year has passed and here is our June Monthly Musings. In this edition:

  • We provide our usual observations on the month’s market movements,
  • We release Episode 10 of 3 Minute Tech which looks at the 2021/22 – Changes to the Super Thresholds, and
  • In Focal Point, with 2020-21 done and dusted and the new financial year upon us, there are a number of important superannuation and tax changes that have come into effect. We summarise the legislative implications, some of which may prompt a review of ongoing planning.

We hope you enjoy.

Changes for the New Year

With 2020-21 done and dusted and the new financial year upon us, there are a number of important superannuation
and tax changes that have come into effect. We summarise the legislative implications, some of which may prompt
a review of ongoing planning. It is also critical to note that announcements made in the recent 2021 Federal Budget
may not be included as the proposals firstly require approval.
Feel free to contact your adviser if you have any queries.

May Monthly Musings

Our May Monthly Musings has arrived. In this edition:

  • We provide our observations on the month’s market movements,
  • We release the latest episode of 3 Minute Tech which looks at the 2021/22 Federal Budget and summarises the key points and strategic implications, and
  • in Focal Point we look at “sequencing risk” which is the risk that the order and timing of investment returns on a portfolio are unfavourable.

We hope you enjoy.

Sequencing Risk

Sequencing risk is the risk that the order and timing of investment returns on a portfolio are unfavourable. In
other words, sequencing risk is the risk of a negative return at the worst possible time.

April Monthly Musings

Our April Monthly Musings covers off on the month’s market movements, we re-visit the 3 Minute Tech episode on “How to build your Super Nest Egg” in light of the fast approaching end of financial year, and in Focal Point we look at the topic of “Investing for Children (Minors)”. 

We hope you enjoy.

March Monthly Musings

Each month we provide a wrap up of the market performance and some informative insights on various wealth management issues.

We hope you enjoy.

Investing for Children (Minors)

Parents and grandparents commonly wish to invest for
their children or grandchildren while they are still minors.
However, minor children usually cannot buy shares
in their own name. Structuring such investments can
have access and tax consequences so determining the
ownership and investment setup is considered important
to the long-term success of the strategy.

a fortunate life by A.B Facey

Born in 1894, Facey lived the rough frontier life of a sheep farmer, survived the gore of Gallipoli, raised a family through the Depression and spent sixty years with his beloved wife, Evelyn. Despite enduring hardships we can barely imagine today, Facey always saw his life as a ‘fortunate’ one. A true classic of Australian literature, his simply written autobiography is an inspiration. It is the story of a life lived to the full – the extraordinary journey of an ordinary man. 

Contribution Caps to Increase from 1 July 2021

As we move closer to the end of the financial year, attention often turns to tax planning and reviewing superannuation contribution opportunities. It is also
worth noting contribution cap changes that will apply from 1 July 2021. Feel free to contact your adviser if you have any queries.