If you have a Will in place outlining the distribution of your wealth upon your passing, this tip is for you.
You could be leaving tax complications for those you love.
While you may have a Will in place, without an appropriate Estate Plan you may be inadvertently leaving tax burdens for your beneficiaries. An Estate Plan includes items often not included in a Will such as superannuation funds, jointly held assets, assets held in trusts and, in some cases, business assets.
If you would like the opportunity to boost your super, achieve tax efficiencies and improve your financial situation, you will need to take action before the end of the financial year on 30 June 2017.
Whether you are a young single, growing your family, a business owner, SMSF Trustee, pre-retiree or retiree, there are strategies you should consider.
Like many other young families, you’re working hard and earning great money, but saving feels like an uphill battle. You know you need to be planning for the future, but (despite your income) you can barely keep your head above water when it comes to expenses. The spending just seems to keep increasing: mortgage, vehicle leases, personal loans, credit cards, school fees, daily expenses for a growing family, leisure activities and the occasional holiday.