Super’s ‘special’ status in bankruptcy

One of the aims of bankruptcy law is to provide a ‘fresh start’ for the person after being discharged from bankruptcy. The concept of a fresh start is embodied in laws which release the person from the future liability to pay existing debts upon discharge. Consequently, the individual can start afresh in rebuilding financial security.

Understanding the reality of ETFs

The future of super contribution strategies

The legislative trend since 2007 towards lower super contribution caps means financial services professionals must be even more vigilant about maximising their clients’ super contribution opportunities. Although several Federal governments have attempted to simplify the superannuation system, the contribution rules remain complicated, and may become even more so in future years.

CONCESSIONAL CONTRIBUTIONS

When is the right time to invest in alternatives?

The term ‘alternatives’ is used in many ways, and for many different asset classes, strategies and investments. So, it is unsurprising that some investors and advisers are unsure what alternatives are, their potential benefits, availability, and how to use them in portfolio construction.

ALTERNATIVE ASSETS V ALTERNATIVE STRATEGIES

Broadly speaking, alternatives come in two forms - alternative assets and alternative strategies.

Tax on super death benefits: Paid to estate v beneficiary

Two options are available when paying a lump sum superannuation death benefit to a SIS dependant who is a non-tax dependant, such as an adult child. The sum death benefit can be paid directly from the deceased member’s super fund to the beneficiary, or it can be paid to the deceased’s estate and then distributed to the beneficiary.

In both cases, the tax-free component can be received tax-free while the taxable taxed element is subject to a maximum 15 per cent tax and the taxable untaxed element to a maximum 30 per cent tax.

Pension Loan Scheme: A viable alternative for older clients?

Is expanded Pension Loan Scheme (the Scheme) a viable alternative for retirees who are asset rich but cash poor? Extra cash flow can be useful whether it’s to pay for health care or simply to facilitate a better lifestyle.

Why International Equities are Worthy of Attention

Christian Obrist makes the case for international equities and outlines how investors can get them into their portfolios.

Means testing for lifetime income streams

Minh Ly breaks down the new means testing rules for lifetime income streams, which have now been legislated by Parliament.

Life insurance: financial protection for all Australians

Suzie Brown outlines some of the key considerations for financial advisers when making life insurance recommendations and provides an overview of the upcoming legislative change.

Does ‘bucketing’ achieve its goal?

While bucketing may reduce the volatility of returns, David Barrett writes that it also may increase the risk of a desired income stream ceasing due to a complete loss of capital.