Trusts are used to hold assets for various reasons, but most typically for tax planning and asset protection purposes. Here's a little more insight into how trusts work.
Month: June 2022
Work test changes open up TBC strategies for couples
The contribution changes coming in on 1 July will provide more time for spouses in SMSFs to even up their balances and maximise their transfer balance cap, according to an advisory firm.
World GDP Ranking (1960~2025)
The following animated chart covers the period from 1950 to 2017. It is fascinating to see how the world changes over time.
RBA rate rise spurs mixed response from SMSF lenders
While the official interest rate increase has seen some SMSF lenders raise their interest rates, others are holding off for now.
ATO flags changes to TBAR reporting
New rules are in effect, which will see changes to how SMSFs manage transfer balance lodgement.
Make the most of these super opportunities before June 30
With only about four weeks left until the end of this financial year, now's a good time to check your superannuation options.
Talking money with a partner
Here are some factors to consider before you join finances with a partner.