The recent federal budget has changed the goalposts for wealthy families thinking about how they structure, grow and pass on investment wealth.The government has put solving “intergenerational inequality” on the agenda, stating that it seeks to increase tax on passive investment income while reducing tax on earned income. But as advisers, we are often focused on intergenerational wealth transfer and how wealth can be moved efficiently and appropriately between generations.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Trusts are under pressure, but this wealth structure escaped change
The budget will shake up the structures used by the wealthy. Trusts could be on the way out, but companies and superannuation retain their benefits.
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