Duncan Hughes

10 hours ago | ioandc.com | Duncan Hughes

The nation’s wealthiest and lowest-paid employees are being warned to brace for a superannuation shake-up affecting how much they can save for their retirement. The changes could affect millions of super savers, increase the system’s complexity, lead to lower savings and, in some cases, increase reliance on the age pension, critics warn.

1 day ago | thegoldentimes.com.au | Duncan Hughes

About half of all small and medium-sized business owners fear retirement will mean the closure or sale of their business rather than its transfer to a family member, according to analysis by NAB, the nation’s largest business bank. But only one-third have devised a retirement strategy, or considered the complex tax, legal and family issues involved in finding a successor or selling the business to someone outside the family, the analysis shows.

1 week ago | insideadviser.com.au | Duncan Hughes

Investment strategists are reviewing high-net-worth client portfolios and readying for major changes to the treatment of superannuation following the Albanese government’s landslide election victory. Strategies being considered for dealing with an expected increased tax on the earnings of superannuation accounts with more than $3 million range from asset-splitting between spouses to increased use of discretionary trusts and investment companies.

1 week ago | thegoldentimes.com.au | Duncan Hughes

Investment strategists are reviewing high-net-worth client portfolios and readying for major changes to the treatment of superannuation following the Albanese Government’s landslide election victory. Strategies being considered for dealing with an expected increased tax on the earnings of superannuation accounts with more than $3 million range from asset splitting between spouses to increased use of discretionary trusts and investment companies.

1 week ago | thegoldentimes.com.au | Duncan Hughes

Self-managed super fund (SMSF) members with declining mental capacity, typically because of ageing, are creating a “honey pot” for unscrupulous family members or advisers, according to investment specialists and lawyers. Anna Hacker, client director for Pitcher Partners in Melbourne, warns that failure to protect the fund assets of affected members is often the “big missing piece” from estate advice intended to protect members at risk of making the wrong decision.