Australian Family Trust Explained
Personal Finance
|Family trust structure in Australia has become a popular taxation and estate planning tool among many family groups. Why? Because it provides family members with a vehicle to distribute income whilst also passing control of their assets tax effectively and with certainty to the next generation – all while offering excellent tax benefits and asset…
Read More Surprising average income revealed
In The Media
|The Aussie suburbs with the biggest average incomes have been revealed. Ever wondered how your income compares to other Aussies? New data has revealed just that and the average might not be as high as you think. The average Aussie had a personal income of $54,890, according to the latest data from the Australian Bureau of Statistics (ABS) for…
Read More CBA and Vodafone’s major move against scammers
In The Media
|Commonwealth Bank (CBA) and Vodafone have teamed up in their fight against scammers, who have fleeced Aussies of more than $429 million last year alone. The major bank and telco have announced a new pilot, which will enable them to share SMS intelligence in near real-time. This will allow Vodafone to spot and disrupt scammers,…
Read More Your $5 note might not be worth $1,200 – check this detail first
In The Media
|Some could still be worth “hundreds of dollars”. A rare $5 banknote said to be worth up to 370 times its nominal value would be worth far less if you find it in your wallet. Here’s why. News stories circulating about the $5 polymer note, released on April 24, 1995, may have you rustling through your spare change to…
Read More From empty nest to full house: Ways to cope when your adult child moves back home
Personal Finance
|Many parents enjoy a new lease on life once their children move out of home. All the effort that was once spent supporting them can now be directed towards hobbies and securing a comfortable retirement. But how would you fare if one (or more) of your children decided to return? These days, it’s not uncommon…
Read More Can your super death benefit go to the wrong person?
Superannuation
|If you were to pass away unexpectedly, you would probably want your super to go to the people you care about most. But without careful end-of-life planning, there’s a chance it could wind up in the hands of someone unintended. Doesn’t my Will have the final say? Superannuation isn’t generally considered an estate asset, so…
Read More Why investing in your child’s name can be a bad idea
Personal Finance
|Investing for your children while they’re young can be a great way to help set them up for future financial success. But before you start pouring money into their account, there are a few tax issues you should know about. Investing in your child’s name can attract high tax ratesWhile you might be considering setting…
Read More Passwords to avoid at all costs: Aussies warned of most dangerous for 2023 that can be cracked in seconds
In The Media
|If your password is on this list, you need to change it immediately. Australia’s most common password takes two minutes for a hacker to crack, which is much higher than the global average of less than one second. The world’s most popular password remains the deeply insecure numerical phrase of ‘123456’. More than 4.5 million people use the…
Read More 6 questions to ask when you receive your super statement
Superannuation
|For many people, there’s not much of interest beyond how well their super performed over the past 12 months. But there’s value in reading your statement in its entirety and asking yourself the following key questions. Are all your details correct? One of the first things you should do when you receive your annual statement…
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