Over the coming decades, almost $5 trillion in assets is expected to be passed down from the Baby Boomer generation to younger Aussies. That's a lot of inheritances! In today's episode Glen chats with financial advisers Martin McGrath and James Millard about what this intergenerational wealth transfer means. They touch on:
π ways that older generations can help their adult children
ππΌ gifting rules for individuals who receive the age pension or part pension
ππ½ is there an inheritance tax?
ππΎ considerations for receiving an inheritance
π The Quick-Start Guide to Investing by Glen James & Nick Bradley: https://amzn.to/3QNNrbv
π Insufficient Funds by James Millard: https://amzn.to/4bR72iq
Thanks to Skye Wealth for supporting our Thursday show! Connect with the team here
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this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.
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