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Michelle Bowes

Today

Those big ideas that touch on the meaning of life, might not be what you expect to hear from a financial planner, but you need to think about them before you retire.

7 ways the wealthiest will beat the $3m super tax

Investment bonds, an early inheritance for the kids or just cop it on the chin? Affected taxpayers are weighing their options

May

ATO puts wealthy families on notice over $3m super tax

The new tax is not yet law but the ATO wants to understand the “behavioural responses” to the planned tax that might already be occurring.

Valuations could be challenging, says Belinda Aisbett.

Fake asset valuations set to surge under $3m super tax regime

Auditors say SMSFs are likely to manipulate asset values in an attempt to avoid or limit the impact of Labor’s super tax.

Peter and Lesley Boyle at their home in Balgownie.

How this couple earns $150,000 a year in passive income

Peter and Lesley Boyle invested in residential property to increase their wealth. Then they discovered something better.

The proposed superannuation tax increase might end up helping the target’s children and grandchildren.

Your kids will love this strategy for beating the $3m super tax

Wealthy Australians are already searching for strategies to avoid paying more tax on their super, which could lead to a financial windfall for some.

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Disagreements over Division 296 tax may be destined for the courts.

Why auditors fear Labor’s $3m super tax

SMSFs affected by the proposed $3 million super tax will pay more for valuations, audits and accounting services, and are more likely to end up in legal disputes.

Finance Minister Katy Gallagher and Treasurer Jim Chalmers watch the PM speak on Wednesday.

Labor has ‘no intention’ to ban SMSF borrowing in $3m tax negotiations

Treasurer Jim Chalmers says negotiations in the Senate to pass Labor’s super tax increase have yet to begin.

ETFs can be used to build a Trump-proof portfolio.

How to build an ETF portfolio that can survive Trump turbulence

Donald Trump is changing long-held market assumptions so we asked ETF experts to build portfolios to cope.

The Labor Government is all but guaranteed to get it’s tax increase on super balances of $3 million or more through the new parliament.

5 strategies to deal with Labor’s $3m super tax increase

Two financial advisers with super balances approaching $3 million reveal what they’re doing with their own super and what they’re telling their clients.

Retired Joe Rinaldi has time to indulge his passion for classic cars.

Do these 4 things if your kids can’t (or won’t) take over the business

Joe Rinaldi poured his heart and soul into building a profitable car dealership. Then came the realisation he had no successor.

The Greens performed well in Saturday’s election.

Super tax more likely, Greens stand firm on $2m demand

Election gains by Labor and the Greens make it more likely big superannuation balances will be hit with more tax – and the measure may kick in at $2 million.

Experts are calling for law reform as the ATO pursues family trusts for innocent mistakes.

The family trust blunder that could send you bankrupt

The tax office is scrutinising family trust distributions dating back decades. Some trustees have been shocked to receive bills worth hundreds of millions of dollars.

April

The crackdown is associated with what are known as family trust elections and the payment of distributions tax dating back to 1998.

‘It’s all pervasive’: ATO’s blitz on family trusts threatens financial ruin

Wealthy families are being hit with bills for unpaid taxes and penalties worth hundreds of millions of dollars.

Documenting succession plans with contracts can help family businesses avoid the type of court stoush the Levis family is embroiled in.

How to avoid a succession fight like the Cue fashion family’s

The legal principle of promissory estoppel is tripping up founders who have made promises but not put them in writing.

Have spare cash? Here’s where to invest $5000 now

With Donald Trump still engaged in a trade war with China and tariff hikes for the rest of the world on hold for the next 90 days, turbulent market conditions are here to stay.

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Some exposure to bonds may be protecting your super from the worst of the share market falls.

This will cushion your super balance during the Trump slump

Bonds typically act as a counterbalance to equities, providing ballast during share market corrections. But this time around there’s a wrinkle in the system.

Members say it has been difficult to access their superannuation accounts, as a hacking incident collided with a sharp sell-off in markets.

Retirees are trying to change their super. They can’t log in

While market volatility is wiping billions off sharemarkets, super members wanting to check their balances or change investments are being hampered by outages.

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The average sum Australians will inherit and what to do with it

Inheritances can be life-changing – so long as the money is spent wisely. Here are four options.

March

Expat Denise Moloney says the UK pension deal is a ‘no-brainer’.

How this expat turned $6300 into a UK pension worth $370,000

Experts say 2 million Australians could qualify for a UK pension when they retire, but the opportunity is about to become less lucrative.

Payment in shares is sometimes referred to as “golden handcuffs” because it is a way to retain high-quality staff.

This could be the magic number for employees paid in shares

Being rewarded for performance or loyalty with restricted stock units can help build wealth. But watch out for tax bill shock and consider limiting exposure to one company to 33 per cent of your wealth.

Original URL: https://www.afr.com/by/michelle-bowes-p537ef