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.

Steve Kelly, Managing Director of MBL Maintenance is the guest on this episode of Freeedonomix.

We explore Steve's journey from a rural childhood in Central Victoria to leading a fast-growing civil construction business in the rail industry.

Stephen shares candid reflections on early influences, the challenges of school, building work ethic, and the pivotal role of mentors. The conversation covers lessons learned from sporting ambitions, navigating business setbacks, and the importance of resilience, risk-taking, and leadership.

Our listeners will gain fascinating insights into defining success, balancing personal and professional life, and the value of supporting others through opportunity and backing employees.

Chris Haggart, one of the partners at IWP is the guest on this episode of Freeedonomix.

The conversation explores Chris's upbringing in the Macedon Ranges and the fear of being "average" that shaped his early life. He shares a pivotal, life-changing moment: pushing through a severe Achilles tendon injury to finish the Melbourne marathon, a decision that helped him break a lifelong pattern of quitting when things got difficult.

The exchange is about personal growth, finding purpose beyond professional metrics, and using your life to create a positive "ripple" in the world. Enjoy!

Link to IWP's September 2025 Update (PDF) https://tinyurl.com/2nxfa5d3

Markets remain resilient, with inflation moderating and interest rate cuts beginning to shape the outlook — despite ongoing global uncertainty.

In this month’s discussion, Andrew and Shane explore what’s driving performance and the key issues investors are watching:

- Signs of a gradual global economic slowdown, with resilience in the US and Australian economies

- Interest rate cuts taking time to flow through, with benefits expected from 2026 - Inflation moderating but household cost-of-living pressures remaining high

- Share markets staying strong despite economic and political uncertainty

- Donald Trump’s tariff policies adding unpredictability to global trade

- Long-term investing discipline vs. short-term market reactions

As always, we highlight the importance of staying invested for the long term. Should you prefer this in video form, please head to https://youtu.be/QHbSFAh8Wmc

Link to IWP's August 2025 Update (PDF) Market Update

Markets remain at record highs, despite negative media headlines.

In this month’s discussion, Chris and Williza explore what’s driving performance and the key issues investors are watching:

• US–China trade tensions and Trump’s tariff truce
• The RBA’s interest rate cut and its impact on homeowners, savers, and property markets
• Ongoing tax reform debates in Australia, including negative gearing and capital gains
• Rising US inflation, Federal Reserve challenges, and uncertainty around future leadership
• Long-term investing vs. market timing, with insights on Warren Buffett’s recent moves As always, we highlight the importance of staying invested for the long term.

Should you prefer this in video form, please head to (1) IWP August update 2025 - YouTube

Link to IWP's July 2025 Update (PDF) https://tinyurl.run/PHjq3Z

With geopolitical tensions easing, where are the markets turning their attention now? Our July Market and Economic Update breaks down the key shifts we're seeing.

This month's key points:

A Calmer Global Outlook: Easing geopolitical tensions and a stable ceasefire between Israel and Iran have provided a supportive backdrop for markets. This sentiment has helped drive global equities higher, with the S&P 500 and Nasdaq 100 approaching their all-time highs.

Shift to Domestic Policy: As global risks subside, market focus is pivoting to US domestic policy. Federal Reserve Chair Powell's recent comments have reinforced expectations for interest rate cuts later this year.

Policy in Focus: In Washington, President Trump is advancing the US tax and spending bill, which is expected to remove or weaken the "revenge tax" on non-US investors—a welcome development for the market. Progress on trade negotiations ahead of a July 9 deadline has also improved sentiment.

Overall, the reduction in geopolitical risk premiums has led to lower oil prices and low market volatility. While the outlook is positive, rising US inflation remains a key factor that could potentially delay policy easing.

Should you prefer this in video form, please head to https://youtu.be/CnpIMJnWqUI?si=wbnMXKP67xOfY9xZ