Authorised Financial Planner | Wealth Coach | Educator | Advocate at Culgan Wealth. Follow for insights on real money matters and financial empowerment.
Helping salon owners achieve their goals in both personal and business
Inheriting your parents' house comes with a crucial 2-year window. Sell it within this period after their passing, and it's completely capital gains tax-exempt. This could save you hundreds of thousands. Learn more at my masterclass tonight.
Two significant government moves are impacting your superannuation. A new tax affects balances over $3 million, increasing the tax on earnings to 30% for that portion. Additionally, the government views Australia's $4.5 trillion super pool as a national asset to be directed towards housing and infrastructure. Understand these changes to protect your retirement.
Australians in their 50s and 60s are leaving money on the table in their super. Discover 5 tax strategies you're entitled to that can save you tens of thousands. These aren't loopholes, they're existing rules. Learn how to drop tax on earnings to 0%, draw down tax-free, and even boost your aged pension eligibility. It's time to make your super work for you.
Property crashes follow a predictable 18-year cycle. We're currently nearing the peak of phase 3, meaning prices might be about to fall. Understanding these phases—recovery, expansion, oversupply, recession—can help you avoid buying at the peak and make smarter decisions.
Confused about owning property with someone? Joint tenancy means the survivor gets everything, bypassing your will. Tenants in common allows you to control who inherits your share. This distinction is crucial for blended families and asset protection. Check your property title and consult an estate lawyer.
A testamentary trust is a powerful estate planning tool hidden in your will. It protects your assets from relationship breakdowns, creditors, and ensures your children manage their inheritance wisely. Plus, it offers significant tax advantages for income distribution to minors.
Labor went after family trusts. What they actually did was make this structure more powerful than ever. 💛
This is for any parent who wants to protect what they leave behind — not just the wealthy.
Comment TT below and I'll send you through what I'd be looking at.
General advice only — please speak to your solicitor and financial planner. See website for AFSL & FSG 📝
18/05/2026
This is what financial education should look like. 💛
Today I had the privilege of spending time with Year 10 students- talking money, budgets, tax, and super. The real stuff.
The stuff nobody teaches you in school.
We covered:
💰 How to read your first payslip
📊 How to build a budget that actually works
🧾 How tax works in Australia (in plain English)
🏦 Why superannuation matters MORE at 16 than at 46
The questions they asked blew me away. These kids are ready — they just need someone to show them how.
If you're a parent of a teenager, share this with them. The earlier they start, the better their future looks.
Small steps, big results. 💛
— Jessie, Culgan Wealth
Did you know first home buyers can save for their deposit INSIDE their super — and pay significantly less tax? 🏠
It's called the **First Home Super Saver Scheme (FHSS)** and here's how it works:
✅ You make voluntary contributions into your super (salary sacrifice or personal)
✅ Those contributions are taxed at just **15%** — not your marginal rate
✅ When you're ready to buy, you can withdraw up to **$50,000** to use as your deposit
✅ The withdrawn amount is also taxed at a concessional rate (your marginal rate minus a 30% offset)
**The tax saving in practice:**
If you earn $80,000, your marginal rate is 34.5%. Saving inside super means you're taxed at 15% instead — that's a saving of **19.5 cents on every dollar** you contribute.
On $50,000 of savings, that's nearly **$9,750 in tax savings** compared to saving in a regular bank account.
**The limits:**
💰 Up to $15,000 per financial year
💰 Up to $50,000 total
The earlier you start, the more you can accumulate.
If you're saving for your first home — this scheme is worth looking at seriously. Save this and share it with someone who needs to know. 💛
*This is general information only. Please seek personal financial advice for your specific situation.*
Selling your home at 67+? You could put $300,000 straight into super. 💛
The downsizer contribution is one of the most underused strategies in Australia — and it could be a game-changer for your retirement.
Here's how it works:
👉 You're 67 or older
👉 You sell your home (must have owned it for 10+ years)
👉 You can contribute up to $300,000 ($600,000 as a couple) into super from the proceeds
👉 It doesn't count toward your usual contribution caps
👉 No work test required
This is one of the best ways to significantly boost your super balance later in life — especially if your super is underfunded.
Share this with your parents or anyone you know who might be in this situation 💛
And join my free Masterclass — culganwealth.com/masterclass — to learn more strategies like this.