Transferring wealth to future generations is about more than what you leave in your will.
We’ll guide you through the choices that influence how effectively you pass resources onto loved ones and ensure your intentions are aligned with your plans.
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While the industry has been treating people like walking wallets, we’ve recreated and redefined financial advice - we call it financial life management. It’s based on the understanding that your life and finances are inseparable, and money is just a resource to give you choices and help you live the life you want.
While receiving an inheritance itself is tax-free, beneficiaries should be aware of potential tax implications when managing or disposing of inherited assets.
Yes, often you can. A superannuation cash-out re-contribution strategy involves withdrawing funds from your super (tax-free if you're over 60) and re-contributing them as non-concessional contributions. This increases the tax-free component of your super, reducing, or even eliminating potential tax payable by non-dependent beneficiaries (like adult children) upon your death. The age limit for non-concessional contributions increased to 75 on July 1, 2022. Resultantly, we've made this a common strategy for our retired clients, often leading to hundreds of thousands of dollars in tax savings.
