Familiar, applaudable and simply boring sums up Joe Hockey's Financial Services. Estate planning can be a tool to keep funds under management. You just have to know the client well enough. There is nothing more certain in life than death, taxes and superannuation. Informed advisers can make sure their clients get the maximum advantage from superannuation death tax.
Lawyers are now busy with litigation surrounding superannuation.
Changes to taxation have hit many hard, now the financial services industry must prepare for the alienation rules . Advising an investor to effectively increase expenditure to lower personal tax has its advantages, but with it comes a legal pitfall. Forget the little green men from outer space, the tax office poses a more ominous and immediate threat to your working life. Copyright Asset , Fairfax Business Media, 2001. Any unauthorised use, copying or mirroring is prohibited.