First Samuel Limited

15/11/2023

https://www.firstsamuel.com.au/trusts-understanding-appointors-and-successor-appointors/

Trusts: Understanding Appointors and Successor Appointors

Most of us use a ‘trust’, often without realising it. All superannuation assets are held in trusts, be it a self-managed superannuation fund, an industry fund or other public offer fund.

However, many trusts, including many SMSFs, do not have an Appointor or a Successor Appointor. In times of disagreement between beneficiaries and the trustee this might be a costly omission, particularly if the matter requires litigation to resolve it.

Many trusts, including many SMSFs, do not have an Appointor or a Successor Appointor. In times of disagreement between beneficiaries and the trustee this might be a costly omission, particularly if the matter requires litigation to resolve it.

22/10/2023

The Federal Government announced in March changes to the of . The Department of Treasury has commenced the process for implementing these changes.

The changes, if implemented, will reduce the of superannuation as an investment vehicle for members with higher balances.

What does this mean for you? Read on to find out.

The Federal Government announced in March changes to the taxation of superannuation. The changes, if implemented, will reduce the tax effectiveness of superannuation as an investment vehicle for members with higher balances.

20/09/2023

In Act 3 of William Shakespeare’s Hamlet, the protagonist is in a state of both grief and shock having discovered that his father has been murdered by his uncle. Lucky for Hamlet that he didn’t have the intricacies of superannuation and death benefits to contend with!

If he did, however, the wise thing for him to do would have been to have open conversations with his Private Client Adviser about his estate planning intentions. Including any concerns, tricky relationship situations, and any subsequent changes.

In Act 3 of William Shakespeare’s Hamlet, the protagonist is in a state of both grief and shock having discovered that his father has been murdered by his uncle. Lucky for Hamlet that he didn’t have the intricacies of superannuation and death benefits to contend with!If he did, however, the wise...

17/08/2023

https://www.firstsamuel.com.au/are-there-sovereign-risks-to-wealth-for-victorians/

Are there sovereign risks to wealth for Victorians?

Probably not...

However Victoria, or at least its political elite, has chosen a growth orientation heavily dependent on historically elevated rates of population growth.

The irony is that Victoria needs to invest even more to provide amenity to this expected increased population.

Should Victoria fail to invest, higher public transport and health care costs will be the most significant risks to the cost and quality of living of families and individuals in the middle of the income wealth scale.

Read more about it in this month's Wealth Intelligence article.

Sovereign risk is a term that is used to describe the risk of a country or state failing to meet its debt repayments or obligations. Do these risks exist for Victoria?

27/07/2023

It is during years such as FY-23 that some of the lesser appreciated aspects of equity investment can come to the fore. One of those aspects that we appreciate is adaption and evolution.

Consider purchasing a term deposit or a financial product such as a pension, or worse still a single house in a single street. These are surely all financial products similar to shares, and they may well prove profitable. But what you buy is what you get.

Companies, however, are organic creations.

Read below to know why this is important.

It is during years such as FY-23 that some of the lesser appreciated aspects of equity investment can come to the fore. One of those aspects that I appreciate is adaption and evolution.

26/06/2023

Regulation of personal financial advice in Australia has been increasingly knotty, often incoherent and always bureaucratic. Rules designed with the good intention of protecting the investor have led to extraordinary complexity without benefitting the very same investor.

The government has now moved to simplify things. But the devil will be in the yet-to-be announced detail.

Read this 2-minute update:

Regulation of personal financial advice in Australia has been increasingly knotty, often incoherent and always bureaucratic. Rules designed with the good intention of protecting the investor have led to extraordinary complexity without benefitting the very same investor. The government has now moved...

18/05/2023

The days of thinking of as an exercise in getting the highest tax this year are gone. Or should be.

Instead, Braith Morrow, First Samuel's Head of Advice, makes the case for tax-planning using a number of investment vehicles and with a multi-year strategy. And for taking smart advice.

Read the article here: https://www.firstsamuel.com.au/tax-planning-no-longer-a-rush-job-in-june/