For many Australian families, the ‘Bank of Mum and Dad’ has become a very real part of financial life. It might involve helping with a home deposit, going guarantor, covering study costs, or giving your adult children breathing room while they save. Done thoughtfully, that support can be incredibly powerful – not just as a […]
Early withdrawal of super not so simple for SMSFs
Super is often one of the largest assets Australians have, but it’s also one of the easiest to misunderstand when it comes to estate planning. The recent Lin v Yim & Anor[i] case is a useful reminder of this. In broad terms, the case centred around a terminally ill SMSF member, Jason Yim, who withdrew […]
Your checklist of what not to do this EOFY
For many people the end of financial year (EOFY) can have a frantic vibe about it – perhaps it’s the overwhelm of suddenly having to sift through receipts, super and tax deductions that they’d been meaning to tend to months ago. June 30 can be a great motivator to get organised, but it can also […]
Contribution caps to increase from 1 July
From 1 July 2026, super contribution caps are increasing – that’s the amount Australians can contribute to super each year before extra tax may apply. In broad terms, the annual before-tax (concessional) cap will rise from $30,000 to $32,500, while the annual after-tax (non-concessional) cap will rise from $120,000 to $130,000. For people eligible to […]
Ups, downs and volatile markets
Market downturns can feel unsettling, and it is natural to wonder whether a difficult few days, weeks or months means the whole year is likely to end badly. But history shows that it’s not always the case. In Australia, it’s not unusual to see markets show meaningful declines throughout different days, weeks and months, yet […]