Planning for Your Estate

Having a will and effective estate plans in place is one of the most important things you can implement for yourself and your family. However, many people give little consideration to structuring their estate plans in a proper manner. This may be for a variety of reasons, including being busy with other matters, finding it overly complicated or not willing to engage in professional advice. For those looking at tidying up this aspect of their situation early in 2022, we explore what’s involved in conducting an estate planning process.

Breakfast with Hamish Douglass, Founder Magellan Financial Group

We hosted Magellan Financial Group Founder Hamish Douglass for breakfast recently which was extremely insightful and well received by all those who attended. Hamish took some of his valuable time out to provide a broad ranging discussion from how he started the Magellan business to a fantastic update and overview of his views on the current challenges that are facing the investment world and his investment portfolio positioning.

Monthly Musings

In this latest update we will:

  • look at the market movements for the month of November,
  • release Episode 15 of our short video series 3 Minute Tech where we will continue our coverage of succession planning whether it be in business, farming or family,
  • use our Focal Point section to highlight considerations around operating an SMSF with up to 6 members,
  • provide a short video insight into one of our experienced Private Wealth Advisers, Brad Gordon, and,
  • suggest a good podcast to listen to and an interesting book to read.

Self-managed Super Funds (SMSF)

As a result of changes in legislation, self-managed super funds (SMSFs) are now able to have up to six members. Previously, the maximum number of members was limited to four. This may increase the popularity of the concept of the ‘family super fund’ – where parents allow their adult children to become members of the fund. However, whilst this may seem like an attractive strategy, it is not without its complications.

Monthly Musings

In this latest update we will:

  • look at the market movements for the month of October,
  • release Episode 14 of our short video series 3 Minute Tech. In this Episode we will cover succession planning whether it be in business, farming or family,
  • dig into the First Home Super Saver Scheme in our Focal Point section to outline some of the important rules and considerations,
  • provide a short video insight into one of our experienced Private Wealth Advisers and,
  • suggest a good podcast to listen to and an interesting book to read.

First Home Super Saver Scheme

With housing affordability presenting challenges in many parts around the country, the First Home Super Saver (FHSS) scheme allows eligible individuals to utilise superannuation to save some of the money required for a home deposit. The premise of the Government initiative is to assist buyers to accelerate their savings within the concessional environment of super. We outline some of the important rules and considerations.

Commonwealth Seniors Health Card

For people that don’t qualify for the Age Pension and are self-funded, it may appear that there is limited support for expenses incurred during the retirement years. However, for those eligible, the Commonwealth Seniors Health Card (CSHC) allows access to cheaper health care and other discounts. In the below, we summarise the valuable assistance
and include an example of how a couple with $4 million in combined superannuation can apply.

August Monthly Musings

In this edition we will:

  • provide some observations on the market movements for August,
  • release Episode 12 of our short video series 3 Minute Tech. This episode is the second part of a three part segment on Estate Planning, where we discuss “Enduring Powers of Attorney”,
  • look at the subject of share buy-backs. On the back of a strong rebound in profits, some of Australia’s biggest companies are in the midst of large share buy-backs. For investors, making the decision to participate in these buy-backs comes down to many factors, some of which we unpack within our Focal Point section. 
  • feature one of our team members being Private Wealth Adviser, Phil George, and,
  • suggest a good podcast to listen to and a good book to read.

Share Buy-backs

On the back of a strong rebound in profits, some of Australia’s biggest companies are in the midst of large share buy-backs. With buy-backs, the company can purchase the shares on the market or from shareholders directly (‘off-market’). For investors, making the decision to participate in these buy-backs comes down to many factors, some of which we unpack within Focal Point. 

July Monthly Musings

Good morning!
 Here is the July edition of our Monthly Musings straight to your inbox.
 
In this edition we will:

  • cover off on the market movements for July,
  • introduce the latest Episode 11 of 3 Minute Tech, where we look at “Estate Planning – Wills and Testamentary Trusts”,
  • provide a paper in Focal Point where we discuss some of the rules associated with inheriting personal share investments
  • feature a short feature video on our Private Wealth Adviser, Andrew Fry, and,
  • suggest a good podcast to listen to and a good book to read.

We hope you enjoy.