The winners under the 2016 budgets

Winners People who earn about $80,000 The government is increasing the upper limit for the second highest tax bracket of 37 cents in the dollar from $80,000 to $87,000. Rather than being taxed at 37% on every dollar earned over $80,000, people in that range will remain on the 32.5% tax rate. Both big and[…]

Have you think about Family Trust?

The term family trust refers to a discretionary trust set up to hold a family’s assets or to conduct a family business. Generally, they are established for asset protection or tax purposes. The benefits of family trusts are obvious in terms of minimising tax and transferring wealth between the generations. 1. According to BFG Financial[…]