Estate Planning Category - Watkins Financial Services

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions. ThisContinue Reading...

Many young professional couples have the repayment capacity but not the saving capacity to buy their first home. If parents or grandparents can help them get the deposit they may be able to move into a purchase decision. According to Mortgage Choice’s 2016 AContinue Reading...

The SMSF Association and CBA recently produced a report indicating that more than half of SMSF members do not have an up-to-date Will or a succession plan. This report surveyed 801 SMSF trustees, as well as 535 individuals without an SMSF, and found that whileContinue Reading...

They won’t move out of home! Are they exempt from superannuation death tax? Given the rising cost of housing, adult children are living with their parents for longer and parents have more in superannuation than ever before. We are witnessing more adult childContinue Reading...

Preparing for Loss of Capacity – It Can Happen at any Age   Many of our aging population are Trustees of a self-managed super fund (SMSF). At some point, one or more members of an SMSF may become temporarily or permanently incapacitated due to illness, aginContinue Reading...

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