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Showing 1 - 10 of 23 results for "Wealthy Australians"

Advisers must improve public awareness to win Australians' trust: Report

ANDREW MCKEAN  |  FRIDAY, 14 FEB 2025
... and mortgage brokers," the whitepaper said. "At the same time, advice is perceived as something that only wealthy Australians pursue." The whitepaper noted that large institutions once ran awareness campaigns to promote the need for financial advice ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... angel syndicates or VC funds from about 19% to just 1%. "Limiting start-up investment to only the 1% most wealthy Australians will also exacerbate wealth inequality by locking out 99% of Australians from the highest growth asset class," she wrote in ...

2024 to be a watershed year: FAAA

JAMIE WILLIAMSON  |  THURSDAY, 11 JAN 2024
... will receive great value, as the benefits of financial advice far outweigh the cost for average as well as wealthy Australians," she said. "We have a financial system that's so complex that the average Australian simply can't navigate it on their ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... population, assistant treasurer Stephen Jones has responded to a new issues paper that suggests requiring wealthy Australians to use part of their superannuation for their personal aged care costs. The paper is expected to be submitted to the government's ...

HNW wealth transfer still on the to-do list

CHLOE WALKER  |  SATURDAY, 15 JUL 2023
... Chisholm said despite its importance, it is evident that developing a clear plan remains a huge challenge for wealthy Australians. "Even for the many individuals who recognise the need for a transfer strategy, the obstacle is simply where to begin," ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... Chalmers flagged "modest, but meaningful revenue measures" like tightening superannuation tax concessions for wealthy Australians. The government is moving ahead with slashing the tax concessions available to individuals with a total superannuation balance ...

More UHNWIs than ever: Report

CHLOE WALKER  |  WEDNESDAY, 2 MAR 2022
... ramping up their collections of premium alcohol brands." Exceeding the passion investment activity in 2021, wealthy Australians also chose to give back more than the previous year, with 57% of Australia's ultrawealthy increasing their philanthropic activities ...

Family offices should supplement super

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
Despite the raft of reforms aiming to make superannuation more attractive, wealthy Australians should consider supplementing their nest eggs, a wealth management expert says. HLB Mann Judd wealth management partner Michael Hutton says the passing of ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... however, pointed out that the average Australian can't afford legal fees either. Jones replied to this that wealthy Australians will continue to be able to afford advice and that those in financial crisis could be assisted by government initiatives ...

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... greater than $50 million and ownership greater than 40%. "The mums and dads of Australia want confidence that wealthy Australians are paying the right amount of tax and that we are doing our job and dealing with those who are deliberately avoiding paying ...
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