Better Tax Management with your private foundation – future gifting with tax benefits today
Read as we demonstrate that the use of your own private charitable foundation (the ATO terms this a Private Ancillary Fund – PAF) can further optimise the net outcome for you. This is achieved by delinking (a) the timing of when tax deductions are obtained from (b) the timing of gifting to charitable causes. This can enhance not only your personal position but also the net benefit available to distribute amongst charitable causes.
Better Tax Management with charitable giving
If you are considering making a charitable gift, there is merit in you making the gift before you die, rather than your estate making the gift postmortem.
The reason is tax.
Read this month’s Wealth Intelligence as Braith Morrow, Head of Advice & Compliance outlines how , with appropriate structuring, a donation to a Deductible Gift Recipient (DGR) can provide support to the charitable cause as well as potentially improve the tax outcomes of the donor.
Insurance via Superannuation – at what cost?
Firstly, insurance policies offered via superannuation may not always be suitable for every person, particularly those who have specific insurance needs. Examples include those requiring the added protection of an ‘own-occupation’ policy definition – such as surgeons. Such policy definitions were rendered incompatible with superannuation.
Selling a Small Business? A Way to Better Manage CGT
This case study focuses on the transition aspects and not the broader benefits of holding a commercial in an SMSF.
How to Transition a Commercial Property into an SMSF
This case study focuses on the transition aspects and not the broader benefits of holding a commercial in an SMSF.
Is superannuation still your most efficient wealth creator?
The proposed new superannuation legislation that places an additional tax on superannuation earnings on balances above $3m creates an environment in which investments are unequally treated.
Investors who do not understand the nuances may end up paying more tax than they would otherwise pay.
Trusts: Understanding Appointors and Successor Appointors
Many trusts, including many SMSFs, do not have an Appointor or a Successor Appointor. In times of disagreement between beneficiaries and the trustee this might be a costly omission, particularly if the matter requires litigation to resolve it.
New Tax on Superannuation: Update on Proposed Changes
In Act 3 of William Shakespeare’s Hamlet, the protagonist is in a state of both grief and shock having discovered that his father has been murdered by his uncle. Lucky for Hamlet that he didn’t have the intricacies of superannuation and death benefits to contend with.
Death Benefit Nominations – Estate planning
In Act 3 of William Shakespeare’s Hamlet, the protagonist is in a state of both grief and shock having discovered that his father has been murdered by his uncle. Lucky for Hamlet that he didn’t have the intricacies of superannuation and death benefits to contend with.
Tax Planning – No longer a rush job in June
In this article we will explore some of these misconceptions and key failings of superannuation that we think everyone should be aware of.
Superannuation changes: For many 15% tax becomes 30%. The devil is in the detail
No government policy has been changed as frequently as superannuation. But what do these latest changes mean for your retirement?