If you’re made redundant, you may receive a lump sum payout. While this can provide financial breathing room, it’s important to understand how that money is taxed. Not all parts of a redundancy payment are taxed the same and how it is taxed can make a big difference to what you actually take home.

If you run a small business and sell it – or some of its asset(s) – and make a capital gain, the CGT “retirement exemption” may be invaluable to reduce or eliminate the tax payable on the gain. The funny thing is that you don’t have to retire to use the CGT retirement exemption. 

Tax reform chatter is heating up, but action remains cautious. Beyond small personal tax cuts and the 15% levy on big super balances, the government is weighing intergenerational equity. That could mean revisiting negative gearing, CGT discounts, trusts, and super concessions—issues often benefiting older, wealthier Australians. With Millennials now outnumbering Boomers, community sentiment may push changes. Businesses should also watch possible tweaks to investment incentive

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