In this episode, we unpack the collapse of the First Guardian and Shield Master Trust funds — two high-profile failures that left more than twelve thousand Australians and over $1.2 billion of retirement savings in jeopardy.

We break down what went wrong — from poor governance and related-party investments to inadequate oversight and regulatory failings — and explore the lessons investors can learn from it.

Most importantly, we explain how our approach at Independent Wealth Partners is fundamentally different. From rigorous due diligence and independent investment selection to transparent structures and client-first accountability, we show what it really means to safeguard wealth — not just grow it.

DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.

In this episode, we dive into the major revisions recently announced for the proposed Division 296 tax — the government’s plan to impose extra tax on earnings from very large superannuation balances. Under the revamped proposal:

• Unrealised gains are out: only realised earnings (interest, dividends, rent, and capital gains when sold) will be taxed — removing a thorny compliance issue.

• It introduces a tiered tax structure rather than a flat surcharge:
  • Balances between $3 million and $10 million: taxed at an effective 30 % (i.e. 15 % base + 15 % additional)
  • Balances above $10 million: taxed at 40 %

• Thresholds will be indexed to inflation to avoid “bracket creep.”

• The start date is delayed from 1 July 2025 to 1 July 2026, giving more time for planning.

• The first assessments will be based on totals at 30 June 2027, with implementation in the 2027-28 financial year.

We also unpack what these changes mean in practice — the benefits (like reduced complexity and lower risk of forced sales), the potential downsides for ultra-high net worth holders, and the strategic moves individuals and advisers should be considering now.

This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Independent Wealth Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content.

Aged Care update - Helping You Stay at Home for Longer: The New Support at Home Program Explained

Big changes are coming to in-home aged care. The Support at Home program aims to simplify funding, improve flexibility, and put your rights first. Our Aged Care and Retirement Planning Specialist - Williza Demirel breaks down what this means for you, your family, and how to plan confidently for care that supports your independence.