The 2021 Budget can be summarised in one line – as a great budget for superannuation. The Budget sets out major beneficial changes for superannuation covering both contributions, legacy superannuation products, first home super saver scheme and residency issues for SMSFs.
wealth transfer
Wills fail asset transfer tests
There is something about wills which brings out the worst side of human nature. People who under ordinary circumstances are perfectly upright and amiable, go as curly as corkscrews and foam at the mouth, whenever they hear the words “I devise and bequeath”. Dorothy L Sayers. Mystery writer Dorothy Sayers hit it on the head when […]
Estate planning and intergenerational transfers: Consider Insurance Bonds
Richard Atkinson from Austock Life spoke today at the Sydney session of its Taking Control of Estate Planning adviser roadshow.
Austock Life is a leading and specialist issuer of insurance bonds investments. Its flagship Imputation Bond (including ChildBuilder) offers a master fund-like menu of over 33 Investment Options constructed under an insurance bond “tax-paid” and “tax-free” distributing structure.