The access and tax-free timing of superannuation does not suit every investor Both superannuation and imputation bonds are long-term investment structures that provide tax-paid outcomes. Both structures can also deliver tax-free distributions in hands of investors but at different time intervals superannuation timing/rules for access may not suit every investor Contact Ross Higgins Austock Life […]
Ross Higgins
Charitable bequests will have a higher survival rate if made outside of the Will and beyond challenge
Sadly, charitable bequests often give rise to family squabbles and contested Will claims by disgruntled family members and sometimes estranged or distant relatives. “Recent Australian trends show that charitable bequests are frequently overturned by the courts, or the charity ends up with only a fraction of the intended bequest.[i] In general, charities are reluctant to […]
Major mistakes people make with their wills and how to avoid them
Is this a growing problem with conflicts around blended families? Not Achieving Intergenerational Wealth Transfer Objectives Leaving Your Will Open to Legal Challenge Not Simplifying Complex Wills and Estates Dedicated Purposes in Estate Planning – clear direction of your intent Many things can go wrong when preparing wills and setting out clear instructions for dispersing […]
Excess pension made payments can find few tax-effective opportunities
Excess superannuation pension payments can be re-invested tax-effectively outside of superannuation Excess pension made payments can find few tax-effective opportunities Superannuation investors receiving exiting monies received in mandatory pension draw-down mode (i.e. excess to their expenditure needs) can sometimes accumulate tax-ineffectively year-after-year in term deposits. This excess money can unnecessarily incur high personal income tax […]
Re-invented or modern insurance bonds are increasingly being used for a ‘set purpose’: protect children’s inheritances
Austock Life’s managing director Ross Higgins says that because insurance bonds can be established to be excluded assets from a deceased estate, bonds and their proceeds can be protected and put beyond the reach of disgruntled beneficiaries and contested Wills.
Private high school fees are set to rise at least 6 per cent next year
Private high school fees are set to rise at least 6 per cent next month, prompting parents and grandparents to invest in a unique Australian innovation which is tax-paid and an easily manageable “targeted purpose” investment.