The Federal Budget’s 30% minimum tax on certain Discretionary Trust distributions could reduce the tax-planning benefits of Family Trusts. While the changes are not intended to apply to genuine Testamentary Trusts, they may prompt many Australians to review their estate planning and trust structures.
With recent tax changes reshaping the investment landscape, after-tax returns have become an even more important consideration for Australian investors. While government policy may change, investors can improve long-term outcomes by focusing on what they can control, including investment strategy, portfolio turnover and tax efficiency. A disciplined, low-turnover approach can help minimise unnecessary tax liabilities, enhance compounding and provide greater flexibility over the timing of tax payments.
As the FY27 Federal Budget looms, join Veronika as she takes a look back at the changes presented at the last Budget and their ongoing impact on your pockets.
Join Katrina as she investigates the proposed Div296 tax potentially impacting those with a superannuation balance of $3mil+.
Join friend of Alman Partners, Rick Walker of Lorica Partners, as he summarises the 2024 Federal Budget.