Register to receive our free weekly newsletter including editorials.
21 May 2026
Recently trending
Eleanor Dartnall, AFA Adviser of the Year, 2014: "Our clients love your newsletter. Your articles are avidly read by advisers and they learn a great deal."
Jonathan Hoyle, CEO, Stanford Brown: "A fabulous publication. The only must-read weekly publication for the Australian wealth management industry."
Professor Robert Deutsch: "This has got to be the best set of articles on economic and financial matters. Always something worthwhile reading in Firstlinks. Thankyou"
Reader: "I subscribe to two newsletters. This is my first read of the week. Thank you. Excellent and please keep up the good work!"
Reader: "Best innovation I have seen whilst an investor for 25 years. The writers are brilliant. A great publication which I look forward to."
Reader: " Finding a truly independent and interesting read has been magical for me. Please keep it up and don't change!"
Ian Kelly, CFP, BTACS Financial Services: "Probably the best source of commentary and information I have seen over the past 20 years."
Noel Whittaker, author and financial adviser: "A fabulous weekly newsletter that is packed full of independent financial advice."
Reader: "Congratulations on a great focussed news source. Australia has a dearth of good quality unbiased financial and wealth management news."
Reader: "It's excellent so please don't pollute the content with boring mainstream financial 'waffle' and adverts for stuff we don't want!"
Reader: "The BEST in the game because of diversity and not aligned to financial products. Stands above all the noise."
Reader: "Keep it up - the independence is refreshing and is demonstrated by the variety of well credentialed commentators."
Reader: "Carry on as you are - well done. The average investor/SMSF trustee needs all the help they can get."
Reader: "Great resource. Cuffelinks is STILL the one and only weekly newsletter I regularly read."
Rob Henshaw: "When I open my computer each day it's the first link I click - a really great read."
Andrew Buchan, Partner, HLB Mann Judd: "I have told you a thousand times it's the best newsletter."
Reader: "Love it, just keep doing what you are doing. It is the right length too, any longer and it might become a bit overwhelming."
David Goldschmidt, Chartered Accountant: "I find this a really excellent newsletter. The best I get. Keep up the good work!"
John Pearce, Chief Investment Officer, Unisuper: "Out of the (many many) investmentrelated emails I get, Cuffelinks is one that I always open."
Steve: "The best that comes into our world each week. This is the only one that is never, ever canned before fully being reviewed by yours truly."
Reader: "An island of professionalism in an ocean of shallow self-interest. Well done!"
Reader: "Is one of very few places an investor can go and not have product rammed down their throat. Love your work!"
Don Stammer, leading Australian economist: "Congratulations to all associated. It deserves the good following it has."
John Egan, Egan Associates: "My heartiest congratulations. Your panel of contributors is very impressive and keep your readers fully informed."
Reader: "I can quickly sort the items that I am interested in, then research them more fully. It is also a regular reminder that I need to do this."
Scott Pape, author of The Barefoot Investor: "I'm an avid reader of Cuffelinks. Thanks for the wonderful resource you have here, it really is first class."
Ian Silk, CEO, AustralianSuper: "It has become part of my required reading: quality thinking, and (mercifully) to the point."
Here are 13 final reflections about wealth after 23 years working in the Australian philanthropy sector*:
It’s time for a frank discussion on philanthropy in Australia. Given the wealth created in Australia in recent decades, philanthropy leaders should be targeting a much bigger and much better philanthropic sector. I’m not seeing it. The status quo isn’t working, other than some magic in a few areas.
“It’s amazing what you can accomplish if you don’t care who gets the credit”. Harry Truman
Peter Winneke is a philanthropy adviser and consultant, and author of “Give While You Live: A practical guide to more & better giving in Australia”.
*This is an edited version of Peter’s 31.10.25 LinkedIn post, “23 reflections about wealth after 23 years in the philanthropy sector”.
A ‘Top 50 Givers List’. What a fantastic idea. Let’s do it.
Thanks Peter. I think the dearth of comments on your provocative points is telling. Looks like we have a challenge when we launch Generous You in 2026....
Philanthropy is paying 43% average income tax over a 40+ year professional career.
"6. We need to better tell the story of how a family foundation can be an extraordinary educational tool for the next generation. A foundation is a microcosm of a business. The kids can learn about governance, managing money, setting a mission, developing and implementing a strategy, measuring impact and the responsibility of wealth.":'Bunk of Dad&Mum'; Save 80%-90% of after tax after super income for about 4 years, investing sensibly, buy home at price matching savings, no mort-gage, go on to save 50%. Fail to save, pay market rent to 'Bank of Mum&Dad', fail to pay rent, get shoved out the door.
I’m on the board of a PAF- finding efficient charities is as much of challenge as managing the parasites accumulating FUM. I should know, I was one of them.
what is your thoughts on the metrics approach from EA entities like givewell and (I think) Singer's "life you can save" has somet rankings too. Sure EA took a major reputational hit due to SBF, but apparently the USAID disbanding has revitalized it somewhat. Your "efficient" metric may be different to theirs which I believe is not about admin overhead but impact to the planet/sentient beings.
Excellent article. Great work Peter. And great work James in finding it and promoting it. Some of the excellent points are: • #1 – very true, especially incorporating #2. Many people have more than enough wealth for themselves and for their kids.• # 8 – That is a huge amount of money and could do a lot of good.• #12 and #10 – a major goal or vision. Our wealth and intelligence could solve most/all issues, especially empowering social entrepreneurs.• #4 Top 50 Givers – a great idea. I cannot see a downside.
Peter,No mention people/business may donate but don't want it to be public information on a list.Realise give whilst live article but executed 2 Wills, charities sole beneficiary, neither made large donations to reduce income tax in lifetimes which in a way, is laudable. Probably many such whole of estates but done quietly after death so no figures publicly available of large gifts which came from after-tax income.I take it you mean your figure of $500bn is deductible as not further defined, some may question lack of income tax paid on $500bn over 20yrs, whether such deductions or part of should be allowed or if a business can afford high charitable donations to be called "philanthropic' then it can afford non - deductible gifting.
A big year for philanthropy has seen multiple tax changes impact the approach donors are taking. For those with the intention to give generously there is a third structure available in the structured giving landscape.
How have so many wealthy families through history managed to squander their fortunes? This looks at the lessons from these families and offers several solutions to making and keeping money over the long-term.
With impending Stage 3 tax cuts incentivising taxpayers to bring forward future tax deductions while tax rates are higher, it’s a good time to explore how to bolster your tax savings and community impact through structured giving.
A proposal to address Australia's 'stranded balances' in retirement by requiring super funds to transition members to pension phase at 65, boosting retirement income and reframing super as a source of income.
Here is a checklist of 28 important issues you should address before June 30 to ensure your SMSF or other super fund is in order and that you are making the most of the strategies available.
UK retirement expert, Guy Opperman, believes super funds are failing at supporting members in deaccumulation. Here is what Australia should do about it.
A retirement researcher's take on retirement and her focus on each of her six resource buckets to stay engaged during the transition and beyond.
As the budget approaches debate continues about the need and method for addressing wealth inequality. Could reinstating wealth transfer taxes be the answer?
The debate over the budget is increasingly shaped by frustration and perceptions of unfairness, rather than clear-eyed assessment of policy outcomes.
A return to indexation of capital gains would be a fairer way to compensate households for the effects of inflation than the current discount. Importantly, it opens the door to future, broader reforms to stop the taxation of inflation.
Australia may not levy formal death duties, but a growing web of tax measures is quietly shaping what wealth passes between generations. Now, the 2026 budget adds another layer.
From oil shocks to fractured alliances, the Iran war carries the hallmarks of a historic policy misstep - one that could tip an already fragile global economy into crisis.
Marketed as a fix for inequality and housing affordability, the latest budget instead delivers a tangle of tax changes that leave everyday Australians worse off.
Copper has had a rough few weeks but investors should not ignore the potential for future price increases as supply increasingly falls behind demand.
The budget’s property tax reforms are being framed as fairness measures, but they risk splitting the housing market, penalising lower‑income investors and introducing distortions that may prove costly.
The vast and opaque world of private assets is a powerful gravitational force - and when trouble hits, it's the more liquid public equities that often the feel it first.