Knowing what your self managed super fund (SMSF) assets are worth has always mattered. It matters even more if your balance is approaching or is over $3 million. A new super tax and updated rules mean that getting your valuations right can affect how much tax you pay. A new tax on large super balances...

With a new tax on large super balances many people are asking where the best place is to grow wealth for retirement. The answer for many people is that super remains a great place to grow wealth. In fact, super may now be more attractive than ever before. The change that affects super From 1...

The Government has legislated major changes to capital gains tax (CGT). From 1 July 2027, the 50% CGT discount for individuals, trusts and partnerships will be replaced. In its place comes cost base indexation and a new 30% minimum tax rate on capital gains. How the 30% minimum tax works Under the current rules, you...

What this means for you If your family trust gives a company a share of trust income but does not actually pay it across, the High Court has confirmed this is not automatically treated as a loan back to the trust. That matters, because being treated as a loan could trigger an unexpected tax bill...

Self-managed super funds are generally not allowed to borrow money. A limited recourse borrowing arrangement, or LRBA, is one of the few exceptions. It lets a fund borrow to buy a single asset, with the lender’s rights limited to that asset alone. If the loan goes bad, the lender can take the asset but cannot...

If you have a family trust there are two recent major (very major) things that have happened that will affect the way they will be taxed in the future. The first is the announcement in the Budget that trust income will now be taxed to the trust at a minimum rate of 30% – regardless...

Access our Wallace Partners July 2026 Newsletter below: Wallace Partners 2026 July Newsletter

Estate planning is one of the most important things you can do for the people you love. A well-drafted will gives you control over how your assets are distributed, who looks after your affairs, and how your wishes are honoured after you’re gone. But what happens when you decide to leave a family member, such...

Helping you choose the right support at the right time Deciding how to receive care as you or a loved one grows older is one of the most important conversations a family can have. For many Australians, the choice comes down to two options: home care, where support is brought to you at home, or...

If bankruptcy is on the horizon, one of the first questions people ask is what happens to their super. The answer turns on timing, the type of contribution, and how you draw on the fund. The general rule Money sitting in a regulated super fund is protected from your bankruptcy trustee. Creditors cannot touch it,...