Latest news with #DawnThomas
The Age
6 days ago
- Business
- The Age
Australians are set to inherit huge amounts of money. Here's what to do with it
Wealth is set to rain down on Australians in the next decades as the pool of inherited cash accumulated by older generations is passed down. The Productivity Commission notes $1.5 trillion was inherited between 2002 and 2021, and UBS estimates more than $US150 billion in wealth will be transferred over the next 20 years. And so for generations of Australians, managing inheritance will be a significant aspect of overall wealth management, and it won't be as simple as buying a bunch of stocks in a couple of tech start-ups and waiting for the money to multiply. Put the money in a high-interest account and wait The worst thing you could possibly do after inheriting any amount of cash is to spend it quickly. Dawn Thomas, a Perth-based financial adviser, says that often people feel an urgency to decide about what to do with money they inherit, and are often under the impression that not doing something is wasting it. 'Sometimes people feel that they have to make a decision really quickly when they receive an inheritance, but it's OK for funds to stay in a bank account, in a high-interest bank account for 12 months to two years while you make up your mind,' she says. 'You would expect there's some sort of emotion there as well because someone's lost someone that they've loved, and that [might] not be the best scenario for you to actually be making financial decisions. Sometimes, time is your best friend in being able to actually understand what you want.' Identify what you want and what you can live without Though it seems obvious, Thomas says writing down your goals is an important first step when inheriting a large sum of money. The exercise carves out time to consider how satisfied you are in various parts of your life and size up how important each is to you.
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
Australians are set to inherit huge amounts of money. Here's what to do with it
Wealth is set to rain down on Australians in the next decades as the pool of inherited cash accumulated by older generations is passed down. The Productivity Commission notes $1.5 trillion was inherited between 2002 and 2021, and UBS estimates more than $US150 billion in wealth will be transferred over the next 20 years. And so for generations of Australians, managing inheritance will be a significant aspect of overall wealth management, and it won't be as simple as buying a bunch of stocks in a couple of tech start-ups and waiting for the money to multiply. Put the money in a high-interest account and wait The worst thing you could possibly do after inheriting any amount of cash is to spend it quickly. Dawn Thomas, a Perth-based financial adviser, says that often people feel an urgency to decide about what to do with money they inherit, and are often under the impression that not doing something is wasting it. 'Sometimes people feel that they have to make a decision really quickly when they receive an inheritance, but it's OK for funds to stay in a bank account, in a high-interest bank account for 12 months to two years while you make up your mind,' she says. 'You would expect there's some sort of emotion there as well because someone's lost someone that they've loved, and that [might] not be the best scenario for you to actually be making financial decisions. Sometimes, time is your best friend in being able to actually understand what you want.' Identify what you want and what you can live without Though it seems obvious, Thomas says writing down your goals is an important first step when inheriting a large sum of money. The exercise carves out time to consider how satisfied you are in various parts of your life and size up how important each is to you.
Yahoo
23-06-2025
- Automotive
- Yahoo
Parents demand safety improvements outside school
Parents are demanding safety improvements outside a village primary school following two incidents this month. A 40mph (64km/h) limit is in place on the B1332 through Woodton, Norfolk, with signs and flashing lights denoting an advisory 20mph (32km/h) limit past the school during drop-off and pick-up times. The first incident, on 6 June, involved a child walking to school using a footpath being clipped on the hand by a passing vehicle. The second, on Wednesday, involved a bus and lorry colliding, causing minor damage. Parent Anna Scriven told the BBC: "Thankfully, no-one was injured on this occasion. However, it is a stark reminder of how quickly these incidents can occur and it only cements our fear as parents that the walk to school could be deathly dangerous." Head teacher Dawn Thomas said of the first incident, involving a 12-year-old boy: "The car clipped his hand and as a result he ended up in A&E. "Luckily nothing was broken, however he was left with significant bruising and is traumatised by the event. "A further incident happened on Wednesday morning. A bus collided with a lorry and they both lost their wing mirrors. "Many of our families witnessed this and were understandably shaken by this event." Ms Thomas said a new housing estate would in future allow children to access the school via a new footpath, and in the meantime they have opened the school playground gates to help reduce risks. Donna, whose son Jesse was hurt, said: "When my son told me his hand had been hit by a car... I was angry that the car never even stopped, because it should have. "The speed along this road is absolutely horrendous on getting your children to school safely." Dad John, who was escorting his boy to school, said: "He went 'ow' and he said 'the car has just hit me'. It could have been a lot worse." Less than two weeks later parents witnessed the collision involving the No 41 First Eastern Counties bus and a lorry, with both vehicles losing wing mirrors and the driver's side window smashing, causing a relief vehicle to be sent to continue the journey. Ms Scriven said: "The collision was at such a speed that it caused the driver-side bus window to smash. "Remarkably there were no families walking on that stretch of pavement in that moment." Norfolk Police said it was not aware of the incident. First Eastern Counties Buses has been approached for comment. Norfolk County Council said: "Its too early for the police to have shared any details regarding [the] incident. "Our accident data shows there are previously no recorded incidents at this location over the last five years but we will continue to monitor the situation and will take any necessary further action as required." Follow Norfolk news on BBC Sounds, Facebook, Instagram and X. Girl seriously injured by car outside high school Coach carrying 42 children crashes Instructor and pupil's 'lucky escape' in hit-and-run
BBC News
23-06-2025
- Automotive
- BBC News
Woodton parents call for safety improvements after crash
Parents are demanding safety improvements outside a village primary school following two incidents this month.A 40mph (64km/h) limit is in place on the B1332 through Woodton, Norfolk, with signs and flashing lights denoting an advisory 20mph (32km/h) limit past the school during drop-off and pick-up first incident, on 6 June, involved a child walking to school using a footpath being clipped on the hand by a passing vehicle. The second, on Wednesday, involved a bus and lorry colliding, causing minor Anna Scriven told the BBC: "Thankfully, no-one was injured on this occasion. However, it is a stark reminder of how quickly these incidents can occur and it only cements our fear as parents that the walk to school could be deathly dangerous." Head teacher Dawn Thomas said of the first incident, involving a 12-year-old boy: "The car clipped his hand and as a result he ended up in A&E."Luckily nothing was broken, however he was left with significant bruising and is traumatised by the event."A further incident happened on Wednesday morning. A bus collided with a lorry and they both lost their wing mirrors."Many of our families witnessed this and were understandably shaken by this event."Ms Thomas said a new housing estate would in future allow children to access the school via a new footpath, and in the meantime they have opened the school playground gates to help reduce risks. Donna, whose son Jesse was hurt, said: "When my son told me his hand had been hit by a car... I was angry that the car never even stopped, because it should have."The speed along this road is absolutely horrendous on getting your children to school safely."Dad John, who was escorting his boy to school, said: "He went 'ow' and he said 'the car has just hit me'. It could have been a lot worse." Less than two weeks later parents witnessed the collision involving the No 41 First Eastern Counties bus and a lorry, with both vehicles losing wing mirrors and the driver's side window smashing, causing a relief vehicle to be sent to continue the Scriven said: "The collision was at such a speed that it caused the driver-side bus window to smash."Remarkably there were no families walking on that stretch of pavement in that moment." Norfolk Police said it was not aware of the incident. First Eastern Counties Buses has been approached for County Council said: "Its too early for the police to have shared any details regarding [the] incident."Our accident data shows there are previously no recorded incidents at this location over the last five years but we will continue to monitor the situation and will take any necessary further action as required." Follow Norfolk news on BBC Sounds, Facebook, Instagram and X.
