When it comes to intergenerational wealth transfer, you don’t need a finished plan to start. You need an honest picture of where things stand today.

Following on from our recent blog about Gift Tax in Australia, which explored the basic tax and Centrelink rules around gifting money to children and family members, this article takes a more practical deep-dive into the gifting scenarios, family dynamics and financial traps that the standard rules don’t prepare you for when gifting money to family members in Australia.

Australia’s financial advice industry has undergone one of the most significant overhauls in its history. In the wake of the Hayne Royal Commission, sweeping reforms have raised the education bar, tightened ethical obligations and strengthened consumer protections across the board. The result is a smaller, more qualified industry but also a more complex one for someone trying to choose a financial advisor.