Tag Archives: gift

Bank of Mum and Dad: loan it or lose it

One question we are advising clients on more frequently these days revolves around them wanting to help their children financially, but at the same time protect that money to ensure it stays in the family. Some interesting figures from 2017 pointed to family members, essentially the Bank of Mum and Dad, being the fifth largest source of lending in Australia behind the Big Four, at around $65 billion1.

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Feeling charitable?

You don’t need $400 million dollars like Andrew ‘Twiggy’ Forrest to make a difference!

A common misconception is that only wealthy people leave money to charity when they die. The reality is that the majority of charitable gifts are made by everyday Australians wanting to make a positive difference to their community after they have passed away.

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