Planning your estate is an important matter. Estate planning involves arranging your assets and circumstances in such a way as to ensure that your beneficiaries after your death receive from your assets, the maximum use and enjoyment at a minimum cost in taxes and heartache. In other words, estate planning should be an efficient and…
Articles by Ken Raiss
Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
When you set up a self-managed super fund (SMSF) you need to understand what it is, and also what it isn’t. Firstly, an SMSF is a trust and, like all trusts, it’s not a legal entity. Therefore the fund needs a trustee who makes decisions, opens up bank accounts, completes the tax return, and so…
There are changes aplenty in the superannuation space at present, but some things have stayed the same. One of which is that there are still multiple benefits to running your own super fund, regardless of any changes to the general super landscape. In fact, more and more Australians are opting to take control of their…
The end of the financial year can sneak up on you, can’t it? Before you know it, 30 June is approaching – or has passed – and you aren’t as prepared as you wanted to be. Unlike the onset of spring, when our minds perhaps turn to more growth-oriented ideas, the wintry end of the…
Thinking of converting your home to an investment property one day? You’re not alone… In my many decades as a tax specialist, I’ve been asked almost every question but some are more common than others. And one of these is: “My spouse and I are thinking of upgrading our home but want to keep our…
No one likes to talk about death but it is a fact of life. The problem is that by not talking about it, many people never get around to preparing for it either. A common saying is that there are only two certainties in life – death and taxes – yet we generally prepare for…
Today I’d like to offer a list of simple strategies that can help Australians improve their financial fitness. If done properly, this includes assessing all aspects of personal finances, including strategies to boost retirement investments, such as including property and super, savings, a review of insurance policies, staying ahead of tax obligations and making an…
It is not uncommon for a group of people to entertain the idea of pooling their resources in order to increase their buying power and spread the risks associated with investing in property. Surely this is a no-brainer, right? By chipping in with friends or family you will have a larger deposit and can potentially…