Times are certainly changing rapidly this year, the recent budget changes will have a profound impact on:

  1. Business and investment structures
  2. The choice of investments in the future

 

Most changes have been enacted, it is only the Trust changes that are yet to reveal their final form,

  • The Gearing changes will result in changes to your investment decisions i.e. where you will invest.

This highlights the need to understand of your investment strategy and wealth plan.

  • The proposed Trust changes will dramatically change/reduce the use of Trusts.

It seems inevitable that there will be many people forced to restructure to other entities, very likely to companies.

Even with rollover relief, this will be a chore.

I can’t help but think the changes could have been achieved in a way that restricted Trusts beneficial attributes without forcing a restructure.

The bottom line is from these changes there will be a need to look in new directions.

 

Please contact us if you would like to discuss:

  1. How these changes impact your wealth plan
  2. How your business or investment structures may need to change or adapt

Important Notice:

  • The information contained in this article is general in nature only and does not take into account your personal objectives, financial situation or needs.
  • You should consider whether the information is appropriate for your circumstances before acting on it and seek advice from a qualified professional.
  • Personal financial advice can only be provided after considering your individual circumstances and providing the appropriate disclosure documentation.
  • VJC Wealth accepts no liability to any party for any loss arising from reliance on this information unless it has been provided as part of a formal advice engagement.