Creating a ‘giving while you’re living’ strategy is a great idea if you like the idea of helping your family out now. Rather than leaving all your money in your Will, this allows you to support your children and grandchildren with their current needs. Sharing your financial legacy whilst living is different to traditional estate planning and provides you the emotional benefits of witnessing the impact of your generosity.
Significant life changes may impact your long-term financial goals and priorities. For example, if you have had a child, you may need to save money for education, or budget for one parent to be earning less for a while. If you have experienced a divorce you may need to adjust your retirement plans. There are many situations that require a review of your finances. When circumstances change you need to ensure your financial plan is in alignment with your new reality.
Are you anticipating a large tax bill this year? Nobody gets excited about the prospect of sharing too much of their hard-earned money with the government! There are a few ways to reduce your bill and these are worth considering as you plan for the end of the financial year. If your circumstances are complex its always wise to get advice to ensure you are maximising your situation, whilst staying compliant.
Treasurer Jim Chalmers handed down the 2025-2026 Federal Budget this week, outlining a fiscal plan focused on cost-of-living relief, housing affordability, and economic stability.
With an upcoming federal election, the Budget delivers targeted support, but does leave several key tax reform issues unresolved. The key message is that while Australia’s economy remains resilient, challenges persist.
