The legislation to implement the capital gains tax changes announced in the May 2026 Federal Budget sailed through the House of Representatives but will obviously face a tougher crowd in the Senate. If it’s passed, it won’t impact super funds at all. But since it impacts most of the alternatives to super, will it change the considerations for people ...
The 2026–27 Federal Budget has unsettled estate planning because it places two structural tax reforms beside a familiar succession-planning vehicle: the discretionary testamentary trust. From 1 July 2027, the first proposed measure would replace the 50 per cent CGT discount for individuals, trusts and partnerships with cost base indexation and a 30 per ...
As the budget fallout continues, Jim Chalmers gave the following reply to a post-budget question asking if the top marginal tax rate comes in at a salary that is too low:
“First of all, we have increased the top threshold in the tax system, we did that a couple of budgets ago. Secondly, we do understand how important it is that bracket creep be ...
The quality factor is a defensive strategy designed to outperform during periods of heightened market volatility, lower inflation and lower growth regimes. The approach is reinforced by academic research and empirical findings.
When applied in international equity markets, quality strategies have delivered the characteristics intended: lower beta, ...
As private markets continue to evolve, we explore three themes shaping the landscape today: how to navigate an expanding range of investment structures, where we see the private equity cycle heading into mid-2026 and what AI disruption means for private companies.
Making Sense of an Expanding Market: Private equity and private credit vehicles now come ...
It’s that time of year again. June 30 is only weeks away, and for many Australians it brings the familiar mix of tax planning, investment decisions and, hopefully, some thought about charitable giving. I’ve written about this before for Firstlinks, and I make no apology for returning to it, as philanthropy benefits from repetition. The more people are ...
I used to believe the process of investing was all about selecting the right stocks, locking in a great return, rinse and repeat. Stock picking intuitively aligns with the way many people imagine investing works. While it might be easy to blame the glamour of Scorsese’s Wolf of Wall St, most financial commentary tends to focus on individual companies ...
Given all the bubble talk I thought it would be interesting to share a perspective and some data from a report I read this week. Morgan Stanley’s report Who is on the other side addresses several topics including bubbles.
There have been countless bubbles throughout history. Bubbles are caused by our natural tendencies as humans and if we are still ...
Register here to receive the Firstlinks newsletter for freeThey need to build up a home deposit and enough to pay any stamp duties. Let’s say this amount required for their home deposit will be $250K in today’s dollars, and that their goal is to accumulate this home deposit in 10 years. They will make contributions of $20K each year into their ...
While Australia does not have an official inheritance tax, that doesn’t mean there won’t be tax bills and administrative delays depending upon how assets are passed on. In some cases, poor estate planning can cost beneficiaries hundreds of thousands of dollars.
The biggest misconception with estate planning is that it is purely about documenting your ...
In recent years, machine learning has been touted as a game changer for investment management. The authors of “Machine learning and fund characteristics help to select mutual funds with positive alpha,” published in the December 2023 issue of the Journal of Financial Economics, claimed that machine-learning methods could identify long-only mutual fund ...
Here’s my go-to chart on the BIG Picture on inflation over the past 150 years. Here we are talking about serious long-term investing.
Over the past few decades, I have advised (and mentored advisors for) serious long-term investors, including family offices, perpetual charities and endowments, where investment time frames are measured in generations, ...
The legislation to implement the capital gains tax changes announced in the May 2026 Federal Budget sailed through the House of Representatives but will obviously face a tougher crowd in the Senate. If it’s passed, it won’t impact super funds at all. But since it impacts most of the alternatives to super, will it change the considerations for people ...
The 2026–27 Federal Budget has unsettled estate planning because it places two structural tax reforms beside a familiar succession-planning vehicle: the discretionary testamentary trust. From 1 July 2027, the first proposed measure would replace the 50 per cent CGT discount for individuals, trusts and partnerships with cost base indexation and a 30 per ...
As the budget fallout continues, Jim Chalmers gave the following reply to a post-budget question asking if the top marginal tax rate comes in at a salary that is too low:
“First of all, we have increased the top threshold in the tax system, we did that a couple of budgets ago. Secondly, we do understand how important it is that bracket creep be ...
The quality factor is a defensive strategy designed to outperform during periods of heightened market volatility, lower inflation and lower growth regimes. The approach is reinforced by academic research and empirical findings.
When applied in international equity markets, quality strategies have delivered the characteristics intended: lower beta, ...
As private markets continue to evolve, we explore three themes shaping the landscape today: how to navigate an expanding range of investment structures, where we see the private equity cycle heading into mid-2026 and what AI disruption means for private companies.
Making Sense of an Expanding Market: Private equity and private credit vehicles now come ...
It’s that time of year again. June 30 is only weeks away, and for many Australians it brings the familiar mix of tax planning, investment decisions and, hopefully, some thought about charitable giving. I’ve written about this before for Firstlinks, and I make no apology for returning to it, as philanthropy benefits from repetition. The more people are ...
I used to believe the process of investing was all about selecting the right stocks, locking in a great return, rinse and repeat. Stock picking intuitively aligns with the way many people imagine investing works. While it might be easy to blame the glamour of Scorsese’s Wolf of Wall St, most financial commentary tends to focus on individual companies ...
Given all the bubble talk I thought it would be interesting to share a perspective and some data from a report I read this week. Morgan Stanley’s report Who is on the other side addresses several topics including bubbles.
There have been countless bubbles throughout history. Bubbles are caused by our natural tendencies as humans and if we are still ...
Register here to receive the Firstlinks newsletter for freeThey need to build up a home deposit and enough to pay any stamp duties. Let’s say this amount required for their home deposit will be $250K in today’s dollars, and that their goal is to accumulate this home deposit in 10 years. They will make contributions of $20K each year into their ...
While Australia does not have an official inheritance tax, that doesn’t mean there won’t be tax bills and administrative delays depending upon how assets are passed on. In some cases, poor estate planning can cost beneficiaries hundreds of thousands of dollars.
The biggest misconception with estate planning is that it is purely about documenting your ...
In recent years, machine learning has been touted as a game changer for investment management. The authors of “Machine learning and fund characteristics help to select mutual funds with positive alpha,” published in the December 2023 issue of the Journal of Financial Economics, claimed that machine-learning methods could identify long-only mutual fund ...
Here’s my go-to chart on the BIG Picture on inflation over the past 150 years. Here we are talking about serious long-term investing.
Over the past few decades, I have advised (and mentored advisors for) serious long-term investors, including family offices, perpetual charities and endowments, where investment time frames are measured in generations, ...
