Ownership of family wealth
Ownership of family wealthAuthor: John Raymond LeskeWhich structure is best?Family wealthFor our clients, there are predominantly four ways they hold their personal wealth. They are: 1. Directly, either as an individual or jointly; 2. In a private investment company; 3. Through their family trust; and / or 4. Via a self managed or public superannuation fund.Which structure is best? It depends. But given our emphasis on focusing on the things you can control, the structure choice is one that needs serious consideration. There are a number of often competing factors to take into account, with taxation, asset protection and succession / estate planning usually most prominent. This article considers some of the issues.After-tax, super looks the winner …Superannuation is, generally, the most tax advantageous structure. To obtain a feel for this, we examined how much an initial $450,000[1] investment would grow over a 15 year period, assuming a 4% p.a. fully franked dividend, 6% p.a. growth and 3% p.a. inflation, for each ownership structure.After tax and inflation, the superannuation end period value is almost 38% more than had the investment been owned by an individual! The individual’s investment would have had to grow by 8.6% p.a., rather than 6%, to achieve the same end value.Given the analysis, why wouldn’t you put everything into super? For a start, because it is so tax effective there are some fairly severe restrictions on how much can be accumulated in this environment.And for anybody born since 30 June 1964, they cannot get their hands on their super until after age 60.
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25.03.2010
What Is A Zit?What Is A Zit?Author: Richard SutterSimply stated, a zit and a pimple are one in the same. In fact, the word zit, is American slang for the word pimple. Therefore, in the same way we define a pimple, a zit is a small skin inflammation or infection that arises most often because of clogged pores. There isn't anyone who is immune to having a zit. It can attack anyone. The zit is not partial to any specific age, gender, ethnicity or location. To make matters worse, a zit can appear on any part of your body, as long as skin is present. |
Things to Know About Buying Used Medical EquipmentThings to Know About Buying Used Medical EquipmentAuthor: Ryan FrankPurchasing used or refurbished medical equipment is a popular choice for a lot of new physicians who are just opening up their first practice. You can find a lot of good deals on quality used medical equipment at drastically lower prices than new equipment, provided you do some careful research and know what to look for. So is used medical equipment right for you? Here are a few important things to consider about purchasing used medical equipment before you decide. |