Q. When will a sale of a share of stock trigger a Capital Gains Tax (CGT)?

Q.  My mum passed away recently. Mum and dad purchased some Australian shares prior to September 1985. My dad died in 2002. I don’t have a copy of his will but I believe they owned them jointly, and when he died my mum was the beneficiary. She sold her shares last year and sadly passed later that year. The accountant […]

Super Trust Deed Changes

Q: The trust deed for my Self-Managed Superannuation Fund (SMSF) has not been updated since I opened the fund in March 2008. With the super changes coming into effect on 1 July 2017, do I need to update it? A: If you have not updated the Trust Deed (“the deed”) since the fund was established, […]

Have a Will and peace of mind: So what’s next?

Q: I recently updated my Will and other important legal documents. However it made me realise my financial affairs are complicated, and as my Power of Attorney, or Executors of my estate, my children may struggle to understand my whole situation. What can I do to make it easier for them? A: This is a […]

Q. Contributed $80,000 to my daughter’s house deposit 4 years ago as a gift. What are the consequences of this gift to my Age Pension?

Q: I am applying for the Age Pension and the Income and Assets form (SA369) is asking about gifts.  I assisted my daughter 4 years ago to buy a house by contributing $80,000 to her deposit.   What are the consequences for my Age Pension?   If this gift is counted as an asset, it may mean […]

Setting up a SMSF: Where do I start? Do I need to seek advice?

Q: I am interested in a Self-Managed Superannuation Fund (SMSF) as some of my friends have them in place. I am keen to find out more, but don’t know where to start.  Do you have a simple process that I could follow? A:  For many clients, the decision to commence a SMSF can be quite […]