Building Wealth Through Tax-Effective Investing

Papers presented at the 27 October 2017 ' Building Wealth Through Tax-Effective Investing' , one-day seminar held at Sydney, are available as indicated by the links in the program below.

With steady increase in Australia’s national debt and failed attempts to rein in the deficit, the government is striving to increase its tax take from all sources.  Recent changes to superannuation and negative gearing for property make it more difficult to build wealth in these long-favoured investment vehicles.  With low interest rates and lower expected equity returns, investors are searching for tax-effective investment strategies and structures.

This 1-day seminar, featuring a range of high-profile financial specialists, will explore the full range of options for investors to maximise the tax-effectiveness of their investments.  Lowering your taxes mean increasing your returns, and thus maximising your long-term wealth. 

 

 

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Holding investment assets in your personal name      

Max Newnham (Taxbiz Australia)

In this introductory session, leading author and educator Max Newnham will describe the pros and cons of investing in your personal name. Topics covered will include:

  • What assets should I keep holding in super and name, and what should go into my personal name?
  • Optimising the asset mix
  • Don’t trade – invest for the long term and lower transaction costs (Listed Investment Companies with low turnover, Index funds and buy-and-hold portfolios)
  • Tax-effective investment structures (eg super, special disability trusts and trusts, incl unlisted property trusts)
  • Insurance bonds
  • Upgrading your family home – your best tax-free asset
  • Keeping your aged pension and health cards and other benefits

 Presentation

Superannuation - building and protecting your retirement savings       

Frank Paul  (Spring FG Limited)

Superannuation plays a pivotal role for much of the population, and is the main mechanism to build long-term savings for retirement.  Australia’s superannuation system has evolved over time and investors need to be constant alert to maximise its benefits and avoid its pitfalls.

In this broad-ranging presentation, Frank Paul will cover

  • The central role of superannuation
  • Changes to super – past, present and future
  • Maximising your contributions
  • Options if you can’t get enough into super
  • What can you do once you reach the Transfer Balance Cap?
  • Downsizing the family home to build up super
  • When should you think about industry and retail funds versus self-managed?

How do you close your SMSF when you are no longer able to manage it, either due to ill health or time constraints?

 Presentation 

  

Trusts           

David Hunt (Hunt Strategic Advisors)

Trusts separate the control of an asset from the owner of the asset, and are one of the most flexible structures available for tax purposes.

In his presentation, David Hunt will cover the wide range of trusts available, and will cover:

  • The role of trusts

  • What are the types of trusts?

  • When are family trusts appropriate?

  • Family discretionary trusts

  • Choosing your beneficiaries

  • Roles of Settlor, Trustee and Appointer

  • Selecting the trustees

  • Managing assets and payments

  Presentation

Protecting your estate - how to pass wealth on to your heirs       

Phillip McGowan (de Groots)

In this talk a leading expert on succession planning will discuss the importance of planning for the future.  You have worked hard to save, preserve and build your wealth, but what happens when you die?

In this presentation, Phillip McGowan will cover key aspects of estate planning, including:

  • Death and Taxes – death duties by stealth
  • Estate planning strategies for superannuation
  • Tax effective support for your grandchildren
  • Testamentary discretionary trusts and life interest trusts
  • Minimising estate disputes
  • Philanthropy and charitable bequests – a meaningful legacy?
  • Educating the next generation

  Presentation

Where do I put my money, and how much tax should I pay?         

Max Newnham (Taxbiz Australia)

This session sums up what we have learned during the day, and concludes with a hands-on workshop where delegates work through a number of examples.

Key items to consider include:

  • The impact of tax rates and fees on investment returns and long-term wealth
  • How income and capital gains are taxed in different investment vehicles - superannuation, family trusts, special disability trusts, companies and personal income
  • The pros and cons of each tax structure
  • How much should I hold outside super?
  • Asset allocation – the key driver of investment returns.

Hands-on case study

Attendees will form into groups of 2 or 3 to complete a case study.

- A typical family will be described, together with a series of alternate structures and investment products.  Attendees will assess the pros and cons of each structure, and propose other options that could be considered.

 

 

 

 

 

 

 

Case  Studies