For most of us, receiving an inheritance comes with mixed emotions. It can represent years of hard work from a loved one, passed down to support your future. You may also feel relief that some of your financial problems or goals may now be realised. But what often gets overlooked is this: an inheritance isn’t just money - it’s a decision point. And sometimes, a complex one. More than just “what do I do with the money?” When an inheritance comes through, there’s usually a lo

If you’re a doctor, lawyer, engineer or accountant, chances are you’ve followed a pretty structured path to get where you are today. Years of study, long hours, and a lot of effort - both personally and financially - have gone into building your career. The good news? You’re likely on a strong income trajectory. In many professions, earnings grow quickly in the early years. For example, some GPs will more than double their income not long after qualifying. On paper, it all lo

You may have heard recent discussions about Division 296, often referred to as the “$3 million super tax”. Like many super changes, it has generated plenty of headlines - and a fair bit of confusion. What Is Division 296? Division 296 is a new tax that applies to individuals whose total superannuation balance exceeds $3 million. From 1 July 2026, earnings attributable to the portion of your super $3m may be subject to additional tax, on top of the existing 15% tax that genera

When you go into business with a partner, there’s usually a shared vision, plenty of trust, and big plans for the future. Most partnerships start with good intentions — but life and circumstances don’t always stay the same. That’s where a buy‑sell agreement comes in. A buy‑sell agreement is a legally binding contract between business partners that sets out what happens if one of you wants, or needs, to exit the business. While it’s often seen as a “just in case” document, in

Superannuation is a great way to save for retirement, but sometimes you might contribute more than the annual concessional (before-tax) cap. The cap is currently $30,000 and includes employer contributions and salary sacrifice. When you submit your tax return, If an excess occurs, the Australian Taxation Office (ATO) will send you a letter called an “excess concessional contributions determination.” This letter gives you two choices for handling the excess amount: Your Two

Creating generational wealth is new skill set for many of us. As our society becomes wealthier new complexities arise in managing and...

When it comes to preparing your estate plan, most of you are aware to seek the advice of a legal specialist (those of you who think a...