This edition features an important article on the proposed Division 296 superannuation tax changes. There has recently been a lot of discussions in the media about this and while the legislation is not yet law, it’s crucial that we stay informed and prepared. I encourage everyone to read the article carefully and seek advice from our specialist Superannuation team before making any decisions. Staying ahead of these developments is part of how we continue to deliver value and the Boyce difference to our clients.
I’d also like to extend a heartfelt congratulations to Boyce Shareholder and Executive Business Unit Leader Caroline Wilcher on her incredible 30-year anniversary. Caroline’s dedication, leadership, and unwavering commitment have shaped our business in countless ways. Caroline has been a cornerstone of the Boyce team, consistently delivering excellence and fostering a collaborative, values-driven environment.
We’re also thrilled to welcome Stacey Hart and Amelia (Milly) Hewitt to the Boyce shareholder group. Their inclusion marks a significant step in our growth strategy and reflects our commitment to nurturing leadership from within. Stacey and Milly bring energy, insight, and a deep connection to our clients and communities.
As we look ahead, I’m excited about the opportunities this financial year holds. With a strong team, a clear vision, and a culture of collaboration, we are focused on growing and thriving together.
Thank you for being part of the Boyce journey!
The government has proposed a new tax on superannuation earnings —Division 296—which would apply to individuals with superannuation balances over $3 million, starting from 1 July 2025. However, the legislation has not yet passed, and any action taken now could be premature.
In most cases, the best strategy is to wait. Acting too early could limit your ability to benefit from the lower-tax super environment if the legislation doesn’t pass.
Potential Strategies (If the legislation passes)
This proposed tax could significantly impact high-balance super holders, especially those with illiquid assets like property. However, until the law is passed, the safest move is to stay informed and seek tailored advice from our team before making any changes.
We are thrilled to honour Caroline's 30-year milestone with Boyce. Since starting with us in 1995, Caroline has been a vital part of our team, demonstrating exceptional dedication and skill.
Her journey has been marked by significant achievements, including her appointment as Executive Business Unit Leader – BBAS and Corporate Registry in May 2023.
Caroline's leadership and expertise have been instrumental in our success, and we are grateful for her continued contributions. Congratulations, Caroline, on this remarkable anniversary, and hopefully many more!
A big congratulations to Stacey Hart and Amelia (Milly) Hewitt who have recently joined the Boyce shareholder group!
At Boyce, we believe in partnering with generations to thrive—and Stacey and Milly exemplify this every day through their leadership, dedication, and deep connection to our clients and communities.
Their appointment reflects our commitment to nurturing talent, embracing innovation, and growing a team that genuinely cares. We are thrilled to have Stacey and Milly helping lead the way. Their addition to our shareholder group reflects Boyce's continued commitment to gender representation. Achieving gender parity within our shareholder leadership team, now equally represented by women and men, exemplifies Boyce’s commitment to inclusivity, equality, and empowering women in leadership across regional Australia.
Please join us in congratulating them on this exciting new chapter!
We had an amazing time celebrating the end of the financial year across all our offices! From the driving range to creative cooking classes, all our teams united for a great time.
Please note that our account payment terms are 30 days. If you encounter any issues settling your account within this period, we encourage you to contact us promptly. Our team is here to assist you and ensure a smooth resolution. Thank you for your cooperation!
