Division 296 Tax

Understanding Division 296 tax, the $3 million Superannuation Tax Estimated reading time: 2 minutes The Australian Government has proposed a new tax measure, known as Division 296 tax, or colloquially known as the $3 million Superannuation tax. It is aimed at modifying the tax treatment of superannuation balances exceeding $3 million. Set to commence on […]

Financial Independence and Retiring Early (FIRE): How to Build Your Path to Freedom

Estimated reading time: 5 minutes The Financial Independence, Retire Early (FIRE) movement has gained popularity among Australians looking to take control of their financial future. For those who aspire to retire well before the traditional retirement age, understanding the right strategies is key. Whether you’re in your 30s, 40s, or even your 50s, planning for […]

What to do with an Inheritance?

Seeking inheritance advice in Penrith? Discover how MLS Financial’s expert planners can help you maximize your inheritance, manage taxes, and plan for your future.