Catherine Chivers discusses top five advice topics that are likely to be running themes in adviser-client conversations as the financial year draws to a close.
With advisers currently working their way through the maze of new superannuation rules, particularly to help clients meet transfer balance cap (TBC) requirements by 1 July 2017, it is clear there’s tremendous complexity within the new legislative landscape. While there’s no ‘one size fits all’ superannuation strategy available to fully address a client’s circumstances, there are likely to be many questions they raise with similar advice themes as we approach the lead-up to year-end.
Highlighted below are the top five advice themes which are likely to form the basis of many adviser-client conversations as we close out the year:
What is a TBC – and do I need to do anything about it right now?
Should I keep my transition to retirement (TTR) income stream?
How do capital gains tax (CGT) relief work – and what do I need to do?
Is superannuation a worthwhile investment option post 1 July 2017?
How will the new superannuation rules impact my estate plan?