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Who Gets Your Super When You Die?

Learn who can receive your superannuation when you die, the difference between binding and non-binding nominations, and how to avoid common mistakes. Discover how to keep your beneficiary nominations valid and aligned with your estate plan.

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Family Trusts: What to Know Before Setting One Up

As families think more seriously about the long-term future — whether it’s helping adult children, supporting grandchildren, or planning for retirement — the idea of setting up a family trust often comes up.

Family trusts can be a useful structure in the right circumstances, but they’re not a one-size-fits-all solution. In this article, we’ll explore what a family trust is, why some people choose to use one, and what to consider before taking the next step.

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Creating Your Living Legacy

For many affluent and high-net-worth individuals, particularly those approaching or enjoying retirement, the idea of creating a 'living legacy'—sharing wealth and making a difference while you're here to see it—is increasingly appealing. Unlike traditional estate planning, a living legacy empowers you to witness the impact of your generosity firsthand, bringing significant emotional and financial benefits.

At Arrow Private Wealth, we often assist clients in exploring and implementing living legacy strategies tailored to their unique goals and circumstances.

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Do I need an SMSF?

Self-Managed Superannuation Funds (SMSFs) are often positioned as the ultimate vehicle for retirement savings, offering control, flexibility, and tax advantages. However, they are not a one-size-fits-all solution. While an SMSF can be a powerful tool for the right investor, it can also be a costly and complex burden for others.

From a wealth planning perspective, the question isn’t just “Can I have an SMSF?” but “Should I have an SMSF?”

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2025 Residential Aged Care Reforms

From 1 July 2025, new rules under the Aged Care Act will significantly impact the cost of residential aged care in Australia. These reforms aim to create a sustainable aged care system while ensuring that government support is directed to those with the greatest financial need. While these changes address long-standing funding issues, they also introduce complexities for families planning aged care for themselves or loved ones.

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Funding Education for Children or Grandchildren

Providing for the education of your children or grandchildren is one of the most meaningful financial gifts you can offer. In Australia, education costs continue to rise, particularly when factoring in private schooling, extracurricular activities, uniforms, and technology. For example, the cost of educating a child born today at a private school is likely to exceed $200,000 for primary and secondary education. In some instances, the total cost can climb significantly higher, reaching several hundred thousand dollars beyond this estimate.

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The Real Costs of Being Uninsured

Life is full of uncertainties. While we cannot predict what the future holds, we can plan for it. Personal insurance—encompassing life insurance, total and permanent disability (TPD) insurance, trauma insurance, and income protection—is an essential part of any comprehensive financial plan. Yet, many Australians remain underinsured or uninsured, often underestimating the financial and emotional toll an unforeseen event can have on themselves and their families.

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Investing for Your Children or Grandchildren

As parents or grandparents, you have a unique opportunity to set up a secure financial future for your children or grandchildren. Investing for them can provide a substantial head start, whether it’s for education, property, or simply helping them navigate adult life. However, with numerous investment options and Australian tax laws to consider, it’s essential to make informed decisions that align with your goals and the financial well-being of your loved ones.

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Types of Superannuation Contributions

Superannuation is an essential part of preparing for retirement in Australia. Understanding the various types of contributions that can be made is key to maximising your super balance and securing a comfortable future. This guide covers every type of super contribution, providing insights into how each works and the benefits they can offer.

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Safeguarding Your Finances: A Guide to Avoiding Scams

In our increasingly digital world, financial scams are becoming more sophisticated and prevalent, especially in Australia. It's vital to understand these scams, recognise the warning signs, and take proactive steps to protect yourself. This post will cover superannuation scams, investment scams, phishing, scam calls, and emerging threats like MyGov super rollover scams and AI voice-based scams.

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