Welcome to Pitcher Perspective, where we cut through the noise and go in-depth on topics important to Australians. Want to be smarter about tax planning before year-end? In this episode, Wealth Partner Jordan Kennedy and Private Business Advisory Partner Ankit Sharma explore various beneficial tax planning options ranging from understanding superannuation contribution caps to business […]
Key points Legislation introducing a new tax on superannuation earnings for individuals with total super balances above $3 million has been enacted by Parliament. Only minor amendments were made to the draft legislation released in December 2025. Refer to our previous bulletin outlining key aspects of the draft legislation. The start date for Division 296 is 1 July 2026, with the first assessments […]
Key points Transfer Balance Cap is rising to $2.1m from 1 July 2026 (indexed to CPI). If you’re starting a pension, waiting until after 1 July could unlock an extra $100k in the tax-free phase. More limits are likely to lift too (Concessional Contributions to $32,500; bring-forward to $390,000) – worth reviewing your strategy now. […]
Welcome to Pitcher Perspective, where we go beyond the jargon and go in-depth on topics important to Australians. In this episode, we dive into Private Ancillary Funds (PAFs) and explore their role in effective charitable giving. Wealth Partner Jordan Kennedy and Private Business Advisory Partner Lauren Hosie explain what PAFs are, how they’re established, who […]
Key points The Federal Government has released draft legislation for their redesigned tax on earnings for people with more than $3 million in super. The draft legislation is currently undergoing a consultation process and may change and further detail is still to come on some elements. The start date for Division 296 tax is 1 […]
With over a decade of experience as a Chartered Accountant, Jeff has built a reputation for being more than just a technical advisor, he’s a trusted partner to the clients he works with. Specialising in business and income tax advisory, as well as employment tax services, Jeff supports privately held groups and large corporations by […]
Key points Australia does not have a formal estate tax regime, but superannuation death benefits can result in tax payable for certain beneficiaries. Be smart and plan ahead to help maximise family wealth. When it comes to estate planning, many Australians are surprised to learn, unlike the USA and UK, Australia does not have a […]
Key points Too often wealth transfer plans depend on one person, making them fragile when life changes Stress testing plans against real-life scenarios reveals gaps before they cause problems Closing knowledge gaps and strengthening governance are critical Families that plan realistically protect both their wealth and their relationships Wealth transfer plans often look complete, with […]
Key points: Start early: Teaching kids about money through age-appropriate concepts like earning, saving, and goal-setting builds lifelong financial habits. Empower teens: Introducing budgeting, compound interest, and the risks of debt equips teenagers to make smarter financial decisions. Support young adults: Encouraging financial goals, emergency funds, insurance, and estate planning helps young adults navigate independence […]
Treasurer Jim Chalmers announced a significant overhaul of the government’s proposed Division 296 tax, the measure designed to reduce superannuation tax concessions for individuals with very large super balances. The changes mark a clear shift in policy direction – softening some of the most controversial features of the original proposal and introducing a more graduated, […]
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