Integro Private Wealth’s Post

It’s great to have our CEO, Craig Brooke contributing in Duncan Hughes AFR article on the proposed Division 296 tax and the impacts it’s going to have on hard working Australians. At KeyInvest we are passionate about helping clients to live their best life and the part Investment Bonds can play in achieving this. If you want to discuss the opportunity with Investment Bonds or the detail of the proposed Division 296 tax and the impact it may have, please reach out. #division296 #investmentbonds #tax

Preserving generational wealth can be a complex endeavor and a big reason is that the wealthy often have multiple income streams. A proactive stance on tax planning is essential for safeguarding wealth for future generations of this demographic.

Preserving generational wealth can be a complex endeavor and a big reason is that the wealthy often have multiple income streams. A proactive stance on tax planning is essential for safeguarding wealth for future generations of this demographic.

Adviser Reflections: Have you ever heard about a re-contribution strategy? Since the removal of anti-detriment payments back in 2019, these strategies have gained in popularity to address tax (17%) on the taxable component on one’s super fund where preservation age has been met. The strategy involves withdrawing money (from super) then ‘re-contributing’ the funds as an after-tax contribution. For most Australians, the principal concern here is to maximise super death payments for adult children. So, what are the benefits: increase the overall super payout to adult children, as well as acting as a future legislative hedge should the Government revisit the taxation of retirement income streams. These benefits need to be balanced against the cons however, which include: time out of the market; potential loss realisation; managing contribution caps; and the law of diminishing return (as your account reduces over time, so too does the tax implications)! Before acting, always reach out to your Financial Adviser to determine whether this is an appropriate strategy.

Canadian residents may split certain pension income with their resident spouse or common-law partner. Can you say T1135? . AskMrTaxes.ca for all your tax filing needs #CorporateTaxServices #Compliance #InsurancePolicy #LifeInsurance #MrInsurance #MaximizeSavings #BritishColumbia #Alberta #Ontario #TAXES #TAXTIP #WEALTH #Tax #accountant #CPA #finance #financetip #taxtip #wealth

I saw a financial adviser last week and I have to talk about it. They have a client who's been diligently using their ISA and pension allowances for several years. But the adviser needed to assess where they were at now in their journey and whether they needed to change course. For example: Would some cash flow forecasting show that they are now unlikely to need to rely on future investment growth? Have the investments grown well enough that the client now has an Inheritance Tax liability? In the end, the adviser's ongoing advice was to propose a strategy that protected future investment growth from Inheritance Tax whilst also addressing the existing liability. Had it not been for their advice over the initial years, accessing the capital tax efficiently to implement the proposal might have been more tricky. (Link in comments to discuss ongoing advice with Julia Kiff-Brown FPFS directly) #financialadvice #financialplanning #retirementplanning

Canadian residents may split certain pension income with their resident spouse or common-law partner. Can you say T1135? . AskMrTaxes.ca for all your tax filing needs #CorporateTaxServices #Compliance #InsurancePolicy #LifeInsurance #MrInsurance #MaximizeSavings #BritishColumbia #Alberta #Ontario #TAXES #TAXTIP #WEALTH #Tax #accountant #CPA #finance #financetip #taxtip #wealth

Canadian residents may split certain pension income with their resident spouse or common-law partner. Can you say T1135? . AskMrTaxes.ca for all your tax filing needs #CorporateTaxServices #Compliance #InsurancePolicy #LifeInsurance #MrInsurance #MaximizeSavings #BritishColumbia #Alberta #Ontario #TAXES #TAXTIP #WEALTH #Tax #accountant #CPA #finance #financetip #taxtip #wealth

Voluntary contributions are essentially any after-tax income you contribute to your super fund and can be a great way to boost your superannuation balance. There may be tax incentives available to you, which we can help you understand. Let us know if you have questions. 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights

Many of us acknowledge the challenges that upcoming generations face and often help financially at important life-stages. If you have children or grandchildren, have you talked to them about the importance of savings? Highlighted the value of starting a pension early? Discussed inheritance tax planning and looked at ways to pass money on to children and grandchildren?   Talking openly about these things can help ensure that you leave the next generation with something truly valuable – good money habits. Contact me to see how I can help you and your family.