Transferring property can have tax implications for both you and your children,so it’s worth weighing your options.
Early inheritances are well and good,but make sure you don’t regret gifting away money you might have actually needed.
If you’re planning to put money aside for your child’s future school fees,there’s one investment option that makes the most sense.
Switching from a poor performing fund into a better one shouldn’t cost you much,but it’s important to think carefully about why.
If you pass on your inheritance early,you’ll be able to guide your children in how to spend it wisely.
It’s important to get your priorities straight when planning an early retirement.
If your assets are well over the limit for the age pension,moving them into a family trust is unlikely to help.
Often,the biggest growth comes immediately after downturns. If you try to time the market hitting the bottom,you’re likely to miss it.
When topping up your superannuation,think about how much are you prepared to sacrifice now,for that extra level of financial security later in life?
Could the tax cuts coming in this year make it unprofitable for investors to hold on to their investment properties?
Along with ticking off a few bucket list items,accessing your super within the right time frame is important.