Family trusts have many advantages, one of these being the ability to distribute business profits to your children. This is a popular strategy which can be used to reduce your overall tax liabilities at year end.
There are 5 major ownership structures in which you can hold investment properties, and each one has its pro’s and con’s. In my second article we will be looking at Joint Ownership.
It is now compulsory for organisations to provide notice to regulators and affected individuals in the event of a data breach. I know Mr Trump likes Mr Putin but he hasn’t yet asked Vladimir how he should try and control his citizens to not hack into and upset so many organisations in western democracies.
Insurance is all about protecting what you have now and what you need to have in the event of the unexpected. As you travel through life, the protection you need is likely to change. The key to selecting the right insurance is understanding your present needs and making sure you have both the right sort and level of cover.
Changes to the assets test have come into effect as of 1 January 2017 and could impact anyone who qualifies for the age pension. If you are currently 65 years of age or more, you must undergo an income test and an assets test in order to determine whether you are eligible to receive an age pension payment from the Federal Government.
Ever feel like you're drowning in a sea of paper? Tame the paperwork today and reap the rewards tomorrow. Life can be complicated enough without all the administrative paperwork that often accompanies it. This is particularly true when it comes to your personal finances.