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Family trusts the next step after $3m super crackdown

Where considerable wealth is being invested outside super, entities including trusts or personal investment companies can make sense.

Michael Hutton

Recent proposed reforms to superannuation raise the question of whether there are better ways to accumulate wealth than just through super.

Ever since the federal government proposed legislating the purpose of superannuation (to deliver an income in retirement) as well as to impose an additional tax on super (which would apply to accounts of more than $3 million), many have reflected on the likely impact of those changes to super fund members.

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Michael Hutton is wealth management partner at HLB Mann Judd Sydney.

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    Original URL: https://www.afr.com/wealth/personal-finance/family-trusts-the-next-step-after-3m-super-crackdown-20230408-p5cz0q