Most people are aware of self-managed super funds (SMSF), yet less familiar with Family Super Funds (FSF). In this article we explore subtle variations between the two and identify how a FSF can be seen to improve family wealth outcomes.Both Fund structures can have up to six members in total. In the case of a SMSF, these Funds do not require any of the parties to be related by blood or legal arrangement (such as
Read moreMore of us have been in paid work this past year than ever before. A big part of that is because more of us have been able to work from home than ever before. The proportion of Australians in paid work climbed above 64% in May last year, and has stayed there since. At the same time, unemployment has hovered around a half-century low of 4%. In April last year, female unemployment fell to what
Read moreAustralian banks announced big profits over the past several weeks, and have been roundly criticised by many believing the fees charged (including interest rates) are excessive. What is not well known is that banks have passed on only 2.73% of the RBA’s (Reserve Bank of Australia) 4.00% rate increases since early 2022 as at June 2023. This has actually been a cushioning effect for borrowers. Banks have been competing aggressively and on average have not
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