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    AFR

    Nine tips for family businesses navigating the great wealth transfer

    Most dreams of creating a family dynasty are dashed within decades but a solid succession plan can save money and grief.

    • Duncan Hughes
    Capital city home buyers now need a deposit of at least $100,000.

    $100,000 may be the new norm for city home deposits

    With a standard 20 per cent deposit, Australians need to have saved a median of $100,000 to enter the property market in capital cities.

    • Michelle Bowes

    I have an older-style pension – has the government forgotten about us?

    While legacy income streams were not addressed in the recent federal budget, there are steps you can take to make them easier to work with.

    • John Wasiliev

    Why the proposed new $3m super tax is simpler than you think

    But the devil is in the detail, so the potential for complexity lies in how the “proportion” and “earnings” amounts are worked out.

    • Meg Heffron

    First home buyers have two weeks to score $12,000 tax break

    Advisers say borrowers would be mad not to take advantage of the First Home Super Saver Scheme, but perceived complexity is turning them off.

    • Lucy Dean

    Nature the next frontier but boards lack skills

    Biodiversity is critical for maintaining a liveable planet, but a deficit of skills at the board level is proving a roadblock in accounting for its value.

    • Lucy Dean

    Wealthiest Australians

    The first boat in production by Sam Beck’s KARVE Marine.

    Can’t find the boat you want? For $2.3m Sam will help you build it

    Property development isn’t always a 9am to 5pm job, Sam Beck says, so he created a hobby business custom-building multimillion dollar catamarans.

    • 30 mins ago
    • Yolanda Redrup
    Raphael Geminder and wife Fiona  at the 2023 Melbourne Cub.

    Rich Lister Geminder plans board shake-up if Pact bid falls short

    Raphael Geminder may need to wait until June next year to try to delist the underperforming Pact Group, as his takeover bid closes after 13 extensions in nine months.

    • Simon Evans
    The Light Brigade Hotel stands at the highest point in Paddington.

    Laundys add Sydney’s Light Brigade Hotel to pub empire

    Family patriarch Arthur Laundy says he knows the Light Brigade Hotel well, having ridden his scooter around it as child when his parents owned the nearby Woollahra Hotel.

    • Larry Schlesinger
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    This Month

    Smart Investor takes a look at three ways to enter the housing market that each come at the problem from a different angle.

    Three unorthodox ways to get into the housing market

    In the face of rising property prices, innovative solutions are arising for aspiring property owners.

    • Michelle Bowes
    Top up your concessional contributions to the $27,500 cap before June 30.

    Five things for SMSFs to do before June 30

    Think of it as the world’s most boring, but incredibly profitable, game with the Tax Office.

    • Tim Mackay
    One of the principal benefits of home ownership is long-term financial security.

    Why Gen Z’s share portfolios should be free of capital gains tax

    There’s little prospect of housing affordability improving, so the portfolios of young savers should get the same tax-free treatment as the family home.

    • James Weir
    Steph Claire Smith went from ‘another coat hanger on the books’ to Young Rich Lister.

    A Young Rich Lister’s advice for founders wanting social media success

    How a back-of-the-napkin plan put fitness star Steph Claire Smith on the Young Rich List.

    • Julie-anne Sprague

    After the Voice, October 7, should business say less?

    How should companies respond to contested social and political issues not directly related to core business?

    • Patrick Langrell
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    May

    Mike Cannon Brookes, Richard White and Nicola Forrest are among the Rich Listers tied to listed companies.

    How to invest like a Rich Lister and beat the market

    There are 37 listed stocks linked to Rich List members, and their ability to deliver above-market returns is impressive. 

    • Updated
    • James Thomson
    We expect the next official June quarter trimmed mean inflation data to print at least 0.9 per cent to 1 per cent.

    Opportunities aplenty for yield buyers

    There is a rich array of opportunities available for investors searching for relatively safe and liquid yields.

    • Christopher Joye
    Financial Review Rich List: Australia’s wealthiest people in 2024.

    Australia’s wealthiest 200 now control $625b

    Technology is back, resources rode a roller coaster and property growth returned, giving Australia’s Rich Listers an 11pc boost to their total fortune.

    • Updated
    • Yolanda Redrup and Michael Bailey
    Debt recycling is a strategy used by the rich to get richer.

    How the rich use this tax strategy to get richer

    For many people, debt is a scary word. But debt can help build wealth so long as you’re careful about it.

    • Michelle Bowes
    AFR

    Decades after tycoon’s death, his family is suing each other over a mansion

    Tech tycoon’s widow says she felt ‘used and abused’ in a dispute that pitted her three children against her – and each other.

    • Duncan Hughes
    Gerry Harvey, Jack Cowin and John Van Lieshout have been on the Rich List for decades.

    Ageing Rich Listers approach wealth dispersal watershed

    Forty-five of the 200 Rich List entries, holding about $140 billion in wealth, are aged over 80.

    • The AFR View
    How we report the Rich List (and why so many don't want to be on it)
    2:02

    How we report the Rich List (and why so many don't want to be on it)

    Rich List co-editor Yolanda Redrup explains how we do the valuations that determine who makes the cut.

    • Updated
    Ensure you have exposure to assets that can hold value or even rise in adverse conditions.

    The economy is turning and your investment portfolio needs attention

    Residential mortgage-backed securities might be a good option in a weakening economy.

    • Giselle Roux
    Bonuses, the sale of shares or property and redundancy payments can push you into Division 293 territory.

    I’m a high earner about to encounter Division 293 tax. What can I do?

    You may want to consider reducing your taxable income below $250,000 by claiming allowable deductions such as donations to charity.

    • John Wasiliev

    Rich Lister Wes Maas’ three rules for business decisions

    The former NRL player has built a billion-dollar company through hard work and diversification.

    • Yolanda Redrup
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    More than half of the debutants on the 2024 Rich List are already billionaires.

    More than half the 11 new Rich Listers are already billionaires

    Two cryptocurrency giants, an under-the-radar mattress mogul, a former mechanic and an ex-NRL player are among 17 new and returning faces on this year’s Rich List.

    • Yolanda Redrup and Michael Bailey
    Walk around any Italian town and the message is clear. Elderly Italians like to sit around chatting – and that’s free.

    Baby Boomers are loaded. Why are they so stingy?

    Recent evidence has cast doubt on the notion that a spending splurge by those born between 1946 and 1964 is on the way.

    • The Economist
    There will be an undersupply of shopping centres in coming years.

    Why shopping centres are a good investment prospect

    Population growth, a robust employment market and rising incomes will stoke retail spending, and much of the extra money will end up in shopping centres.

    • Sam Tamblyn
    Rod Jones

    Perth’s $150m club is among highest in the world

    Perth, with a population of more than 2 million, has 64 centi-millionaires. That places it among the richest cities in the world by that measure.

    • Harry Brumpton, Paul-Alain Hunt and Patrick Winters
    Husic calls for lower corporate taxes
    2:30

    Husic calls for lower corporate taxes

    Minister for Industry and Science Ed Husic says the Labor government would consider revising the company tax rate.

    • Updated