Debt Recycling
If you’re currently holding your super in a standard "Balanced" or "International Shares" pooled fund, you are likely paying a "success tax" every single year that you probably don't even see. In the industry, this is known as a Tax Drag.
Because kids have decades of growth ahead of them and their own (eventual) adult tax-free thresholds, they are the ultimate "long-term investors." If we set things up correctly now, we can help them build a massive head start without the ATO taking a giant bite out of their future nest egg.
There are some very important considerations in choosing an ETF to buy that are totally in your control. This post explains why you should know about transaction costs, FX fees, Domincile and reporting status to name but a few.
Don't die owning UK shares. The sneaky inheritance tax trap hiding in UK-domiciled assets