It’s been an extraordinary year as the world continues to grapple with the fallout from the COVID-19 pandemic, which has caused both health and economic impacts previously unseen in our lifetime.
In this edition, we examine the effect of the coronavirus in Australia and look at some opportunities that might arise as a result.
A testamentary trust is commonly used by estate planning lawyers to protect the assets and inheritance of the testator’s benefciaries from creditors, family law actions and providing flexibility in relation to the distribution of the estate.
There are limits on how much you can pay into your super fund each financial year without having to pay extra tax. These limits are called ‘contribution caps’.
