We’ve been busy here at BLG Business Advisers – new brand, new website and some fantastic new videos featuring our directors.
But no videos are ever made without some funny behind the scenes moments – and we’ve captured them all just for you!
Protecting your Superannuation Benefits for Future Generations
Superannuation now often represents a significant proportion of an individual’s assets. A number of factors have contributed to increases in superannuation including compulsory employer contributions (superannuation guarantee), taxation concessions / incentives, the removal of compulsory cashing of superannuation benefits upon retirement and default levels of insurance coverage.
I read a lot about the need for increased fairness and equity in society… that we are living in a world where the goal of being a more fairer and equitable society is under attack, where the masses are being subjected to increased inequality at the hands of the few. Our political leaders and media seem hell bent of reminding us daily that it’s tough and it’s getting tougher.
Labor suggest their proposal has come from their focus on inequality in our society. This issue has set some false pretenses about trusts acting as another safe harbour for wealthy people to reduce their tax, where in fact this is incorrect. Trusts are not a new concept, they can be traced back hundreds of years. In addition, contrary to Labor’s view, the number of trusts has not substantially increased in recent years, it has in fact merely grown by 2% according to ATO statistics.