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Edition: 506

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Welcome to Firstlinks Edition 506 with weekend update

  • 27 April 2023
  • 5

The Reserve Bank Review describes a 'culture club' where hierarchy reigns and different views are unwelcome, leading to the Board never disagreeing with the Governor, even when papers supporting a major decision are not provided. There's only one answer to the question, "Do you really want to hurt me?". Plus a guide to spending your money while you live.

Nine rules to guide you to die with zero

Should you give your children their inheritance before you die? It's a thorny question asked more often as Baby Boomers in Australia grow older and die richer. Do they leave larger bequests or help buy the kids a home?

Reserve Bank’s culture club: do you really want to hurt me?

Although the headlines focus elsewhere, the major conclusions of the Reserve Bank Review describe the need for a complete overhaul of the culture and structure. The culture club within the Bank will make you cry.

Review exposes the blunders of a broken structure

The Reserve Bank Review spells out why the current Board structure has led to multiple policy errors, and explains why it needs to change. Alternative opinions from internal experts did not reach the Board.

Where to hunt for dividend paying stocks

Dividend paying stocks play an important role in income portfolios. But they can also run the risk of being too narrowly focused, which can limit both income potential and upside participation when equity markets rise.

The impact of superannuation on retirement outcomes

Superannuation is substantially improving retirement incomes for nearly two million retired Australians by providing regular income streams. It's also easing the burden on the government to fund retirements.

French fight pension age rise while Aussies work on

Australia's age pension eligibility is increasing to 67 years and it was once going to 70. The French have taken to the streets violently to object to an increase from 62 to 64. A survey on the different reactions.

Are franking credits back in Labor's sights?

A recent Treasury Department statement on tax spending includes franking credits, which may be coincidence or something more ominous. Here's why the Labor Government shouldn't target franked credits to raise revenue.

Most viewed in recent weeks

Noel Whittaker’s take on the budget

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.

Australia has no death duties. Technically.

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.

How to minimise tax with a will

Inheritance tax implications in Australia may surprise some, as poor estate planning without proper wills or trusts can lead to costly tax bills and delays for beneficiaries.

Testamentary trusts post-budget: Estate planning, tax reform and the ‘death tax’ debate

Proposed Budget changes to taxation are casting new uncertainty over testamentary trusts, prompting closer scrutiny of estate planning structures and the real implications of reforms still taking shape.

Back to the future - Why indexing CGT is a good idea

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.

Meg on SMSFs: The CGT changes don’t impact super but what about Div 296 tax decisions?

New CGT rules could tip the scales in the super vs non-super debate. For those facing the Division 296 tax, the case for withdrawing has gotten more complex. A "comparison rate" tool may help assess decisions.

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