Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination
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The superannuation divide On average, women earn 14.2% less than men based on full time earnings. If you take overtime into account, the gap is 16.8%. When part-time work is taken into account, this figure blows out to 31.3%. And, the COVID-19 pandemic has only worsened the pay gap. Given that 93% of all primary
During or after a divorce is a great time to sit and think and plan. Our clients should ask themselves ‘What do I really want for my life now?’ This is one of the key things we talk to divorcee clients about when they come and see us. We reflected on this recently as 6
Succession planning is more important than ever. Not just because of the transfer of wealth, but because of the polarising impact of high supply and low demand on the saleable value of a business. Australia is expected to see the retirement age of baby boomers peak over the coming decade. The basics of the law
Generational transfer of wealth The first baby boomers began retiring in 2006 and now there are 120,000 people retiring annually in Australia and rising. Baby boomers represent approximately 25%of the Australian population, and 55% of total wealth. Today, there are more 65-year-olds than 1-year olds! We have entered the greatest transfer of wealth in the history
Separation & Divorce
The Importance of Divorcees moving from Financial Confusion to Financial Clarity
At the start of a divorce process, one or both parties often have a significant amount of financial confusion. This could include being confused about: What their historical financial details were if they had little to do with managing the household finances during the marriage. What their current financial details are given they may be
Divorce and separation is of course extremely challenging at any age. It leads to a significant change and reshuffle of someone’s financial situation and life overall. It can often knock people off their axis, making them feel unstable and lacking clarity about where they are now and where they are heading. This of course can
