The proposed Division 296 tax legislation can potentially affect many clients with high superannuation balances. Assuming the Bill passes, and depending on your super balance, you may need to review your super, investment, tax, and estate planning strategies.

After such an emphatic win for Labor, the Government has a clear path to implementing many of its priorities for the electorate. Because many clients are wondering what that might mean for their lifestyle, nest egg, and family, we thought it was worth exploring the changes that are likely to be made over the next three years.

Despite all the uncertainty, there are many reasons to stay optimistic about Australia and the ASX, according to Elston’s ever-optimistic large-cap specialist, Andrew McKie. He believes Australia’s unique position and market structure provide the foundation for weathering turbulent markets.