360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore deeper into the intricacies of year-end tax planning and the impending modifications in superannuation. We broke down significant adjustments like the transfer balance cap set at $1.9 million and the forthcoming increase in concessional contributions to $30,000 annually. Additionally, we explored the bump in after-tax contributions to $120,000, accompanied by a three-year bring-forward option. We also examined the uptick in super guarantee contributions from 11% to 11.5% and the simplification of preservation age to 60 for all individuals. We touched upon the anticipated stage three tax cuts set to take effect on July 1st. Our discussion includes the importance of seeking tailored advice to capitalize on these changes effectively. For deeper insights, catch the entire episode and stay tuned for ongoing financial guidance by subscribing to our podcast. Join us now! _ This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights About superannuation changes Changes in superannuation limits After-tax contributions and bring forward rule Super guarantee contribution and preservation age Stage three tax cuts and financial planning Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Marcel Dybner, a Partner at Besser+Co Estate Agents in Melbourne, recounts his journey starting from a challenging rental experience that steered him towards making a positive impact. Initially focusing on sales, he entered property management before joining Dion at Besser & Co. He addresses the current property market dynamics, where increased interest rates and landlord pressures are prompting property sales. Furthermore, the strategies for selecting attractive properties are emphasized, highlighting factors like location, livability, and future development potential. Auction insights reveal varying bidding tactics, with some opting for aggressive early bids and others strategic late entries. Notably, there's a trend towards single-level homes due to the convenience they offer to an aging population. Marcel underlines the importance of seizing investment opportunities aligned with personal goals and financial considerations amidst debt levels and economic uncertainties. Listen to the full episode for insightful perspectives on navigating the property market and making informed investment decisions. _ This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights About Marcel Dybner Overview of Besser and Co. Estate Agents Property market trends and challenges Factors influencing property purchases Property development and investment strategies Property selection based on client needs Financial considerations and discussions on loan repayments About Marcel Dybner Marcel is a Partner at Besser+Co Estate Agents in Melbourne and has been recognised as a leader in the Real Estate industry. Along with his own blog, he has been published in The Age, Sydney Morning Herald, Business Insider, Smart Company, Property Observer and a host of other publications. He was most recently on the cover of Elite Agent Magazine and featured in their ‘Every Agent has a Story’ series alongside Million Dollar Listing LA (MDLLA) brothers Matt & Josh Altman. Property represents most people's largest single asset and handling its tenancy carries significant responsibilities. Marcel strives to deliver superior service through constant communication with clients, achieving excellent rental returns and the best results possible. His drive, along with his ability to communicate both with and between parties in an approachable manner, provides Marcel and his clients with a competitive market edge. Connect with Marcel: Website | www.askmarcel.com.au Linked In | www.linkedin.com/in/marceldybner Instagram | @marceldybner Twitter | @askmarcel Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss asset protection strategies concerning personal and business finances. We stress the importance of segregating personal and business assets to shield against risks like creditors or business failures. Utilizing trusts, companies, superannuation for asset protection, and advising seeking professional guidance from financial advisors, lawyers, and accountants for legal compliance and tax planning. Lastly, we emphasize early planning and professional advice, noting the need for a comprehensive approach considering taxation, wealth goals, risk management, and legal compliance. Learn essential strategies from financial professionals to protect against risks and maximize your wealth potential. Don't miss out – listen now for invaluable advice on securing your financial future! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Importance of protecting accumulated assets Separating business assets from personal assets for protection Trusts and entity structures Company structures for business Utilizing superannuation contributions Business protection measures Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss rentvesting, a strategy where you rent your home while investing in other properties for income. This approach provides flexibility in your living situation while potentially generating returns from your investments. We discuss the tax advantages, such as mortgage interest deductions, and potential drawbacks like less security in your living situation and loss of first-time homebuyer benefits. We also touch on the need for careful cash flow management and alternatives like "own vesting." If you are rentvesting or planning to, listen to this episode and find out more about it. Join us for a meaningful discussion! _ This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights About rentvesting Exploring the benefits of rent vesting in terms of investment returns and lifestyle choices Challenges of balancing lifestyle requirements with property investment goals Importance of considering cash flow implications and diversifying investments beyond property Discussion on the importance of setting a trajectory and seeking guidance for successful rent vesting Tax implications and alternative strategies Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we discuss the latest trends in global investment markets. We examine the S&P 500's decline of 2.47% and its connection to inflation, which came in at 0.4%, while addressing the shifts in interest rate expectations and potential recession signals such as the Mel and SAHM rules. In Australia, the ASX 200 saw a minor decline of 0.79%, mirroring the US market, while rising inflation is outpacing income growth. There is also an increase in metals and mining, and precious metals prices, particularly gold, as a hedge against market volatility. It is important to level-headedness during economic uncertainty and preparing for potential recessions. So seek financial advice to navigate the current climate in this episode. Join us now! _ This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Discussion on changes in the US stock market Discussion about recession signals like the Mel Rule and SArm Rule Concerns about rising unemployment and potential economic downturn. Australian market reacting to the US market trends Income growth challenges in Australia Anticipated increase in financial advice needs during economic uncertainty Strategies for households to manage rising costs and potential recession impact Discussion on the metals mining industry, focusing on iron ore and China's demand Recent market trends showing signs of concern and fluctuations in money markets Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed the concept of being asset-rich but cash flow-poor in the context of retirement. The accumulation of assets without sufficient income, due to tax considerations, can lead to challenges during retirement. The options presented included liquidating assets for income-producing alternatives, downsizing the family home, considering reverse mortgages, or purchasing a downsized home early. Proactive financial planning, with advice tailored to individual circumstances, is crucial. It is essential to seek personalized advice from a financial advisor, tailored to specific goals and circumstances. This episode is packed with valuable insights and strategies, all tailored to help you navigate your financial future. Tune in and empower yourself with knowledge! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights The concept of being asset rich and cash flow poor Strategies to transition from relying on personal income to generating investment income Asset types for those in asset rich, cash flow poor situation Importance of having a clear exit strategy Cash flow issues Planning ahead and seeking personalized financial advice Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed getting the most out of age pension. We talk about who can get it, how it's been changing, and how the government decides who gets it based on what you own and earn. We also share tips on how to maximise the age pension also! Furthermore, we explain that there are limits to gifting money while still qualifying for age pension. That’s why it is important to plan early and get advice because living costs can be tough on just the pension. So, think carefully about your money to make sure you're set for retirement. Take charge of your financial future by learning how to maximise your age pension entitlements. Join us now! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights About age pension eligibility Means testing and assessment of assets Strategies for maximizing age pension entitlements Complexities to consider regarding beneficiary impact and fund preservation Understanding spousal contribution and superannuation strategies Gifting assets and financial structuring Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discussed equity in property, focusing on its calculation, utilization, and implications. We explained equity as the difference between the property value and the debt owed, influencing the loan-to-value ratio (LVR). An LVR above 80% may incur mortgage insurance costs due to increased risk for banks. Utilizing equity can enable diversification into other assets or properties to further expand your wealth creation. Another key point highlighted was structuring loans to ensure tax deductibility based on the fund's purpose. The debt recycling strategy was introduced as a powerful method to convert non-deductible debt into deductible by investing strategically with borrowed funds from existing equity. This approach involves building an investment portfolio that generates income to pay down non-deductible debts over time. Join us and learn how to leverage your property equity effectively and make informed financial decisions. Hit the play button now! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Understanding equity in property About loan-to-value ratio and equity calculation Considerations when taking out equity and investing it in other assets Assessing serviceability and tax considerations Debt recycling as a powerful strategy Having an exit strategy and risk mitigation plan Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we advise listeners like Danielle, who has settled on a property and mortgage and wants to know what some of the things are that she should be considering next. We stress the need for a cash flow management strategy to ensure affordable mortgage payments and achieve savings goals. Insurance coverage is essential, including life insurance, permanent disability cover, income protection, and building/contents insurance. Building an emergency fund is crucial for handling unexpected costs. Also, seeking personalized advice is recommended to determine whether to focus more on debt elimination or wealth creation strategies based on long-term financial goals. Tune in to our latest episode where we address essential steps for new homeowners like Danielle, covering budgeting, insurance, and long-term financial planning. Don't miss out ! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Practical next steps after settling on first property and mortgage Concept of cash flow system Risk management and the need for a strategy Setting new goals after purchasing the first property Importance of building wealth for retirement Various approaches to wealth creation and retirement planning Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the F.I.R.E (Financial Independence, Retire Early) movement. We explain that this movement encourages people to retire early and achieve financial independence by saving and investing a large portion of their income. Additionally, living a frugal lifestyle and reducing expenses are key to achieving this goal. We acknowledge that the F.I.R.E movement may not be suitable for everyone, but we emphasize the importance of being intentional with spending and making conscious financial decisions. Tune in to our episode to learn the secrets of saving, investing, and living a frugal lifestyle. Don't miss out on this opportunity to make conscious financial decisions and pave your way to a brighter future! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights About F.I.R.E Movement Origin of the movement Strategies for achieving F.I.R.E Benefits of starting early Living expenses and lifestyle implications Investing in the F.I.R.E movement Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss personal insurance and the benefits of holding it inside or outside of superannuation. We explore different types of insurance covers, such as life insurance, permanent disability, income protection, and trauma insurance. We also discuss the increasing responsibilities that make having the right insurance cover important. Funding options for premiums are discussed, including using cash flow or faying for this through superannuation. Furthermore, we also touch on tax efficiency and how this will change depending on the structure of how this insurance cover is held. Benefits and product benefits may also differ depending on how this is held. - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Four types of personal insurance cover Different funding options for personal insurance Tax deductions for personal insurance premiums Default insurance covers Disadvantages of holding cover within super Aligning insurance strategy with broader financial planning goals Risk mitigation strategies Potential pitfalls and risks associated with superannuation insurance Importance of comprehensive planning and regular review Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we discuss the intricate dynamics of the global economy and its effects on financial markets. Observing the impressive growth in the US market despite minimal macroeconomic updates, we discuss the need for policymakers to carefully consider interest rate decisions. With inflation concerns looming in the US and negative sentiment prevailing in China, a broader global economic slowdown becomes apparent, as evidenced by countries like Japan and the UK entering technical recessions. Furthermore, we talk about how Australia's recent earnings season showed a mix of good and bad results, along with a small increase in unemployment. We also discuss how the Reserve Bank of Australia is being careful about interest rates, hoping for a smoother economic recovery, even though some worry about a recession. Listen and get deeper information about the importance of a balanced and informed approach to financial planning amidst these uncertain economic times. - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Discussion about the US market and its performance in February Inflation and its impact Speculation on potential rate cuts in the US Discussion on economic slowdown in various countries Speculation on possible recession in the global economy Mention of mixed results and lack of clear themes in Australia Discussion on retail data and its implications Analysis of unemployment rates in Australia RBA's approach Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we're talking about Victoria's new land tax changes. The Victroian government has introduced increased land tax for a ten-year period starting in January 2024 to repay Covid debts. But some people aren't sure if these taxes will stop after ten years. This affects property owners with investment properties, who now face higher costs for owning and maintaining properties. It's tough for investors, and might lead to higher rents and greater levels of sales activity for investors who want out. Having a solid financial plan is important during uncertain times like this. Click subscribe, hit play now, and understand this context of land tax changes critically! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Changes to land tax and why it was introduced Government's dependence on taxes Impacts of increased tax on investments Potential implications for the property market Importance of planning and having a buffer Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we're talking about putting money into your super, breaking it down into two types: concessional (before tax) and non-concessional (after-tax). We discuss the tax advantages, contribution limits, and strategic considerations for both types. We’ll be giving some worked examples to illustrate their application in real-life scenarios and how you can best utilise the benefits of each of these superannuation types for your own situation. Join us, hit subscribe, and let's make super contributions simple and smart! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Super Contributions - Concessional vs. Non-Concessional Rapid Retirement Strategy Capital Gains Downsizing Recontribution Strategy Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we explore estate planning, dispelling the misconception that it's solely about who will inherit your assets. We stress the need for professional assistance in creating a valid will to document wishes accurately. We also highlight concerns regarding inheritance taxation, particularly in superannuation cases, where non-tax dependents may face taxable status. Additionally, we advise seeking professional advice and introduce a strategy called a recontribution strategy. This strategy, if certain conditions are met, can alter the superannuation status, potentially avoiding or minimizing taxes when the proceeds are distributed to non-dependents. In conclusion, we suggest having transparent conversations with beneficiaries to communicate the reasoning behind decisions in the estate plan. Individuals should also consider the importance of seeking professional guidance and conducting regular assessments of the plan. Discover the secrets of estate planning on our latest episode! We break down myths, share tips on dividing assets, tackle tax complexities, and reveal strategies to cut down on taxes. Don't miss out on expert insights—listen now to make your estate planning decisions smarter and simpler! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Importance and complexity of estate planning Importance of engaging with a professional for valid wills Enforceability of estate plan Importance of reviewing the estate plan periodically Challenges of equalization and considering various factors Ensuring beneficiary nominations align with future wishes Importance of discussing the estate plan with beneficiaries Testamentary trusts and their uses Consideration of wishes and goals for the estate plan Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we discuss the US market reaching all-time highs and a strong GDP growth of 3.3%, along with the potential interest rate cuts in the US and Australia. We also talk about Australia's controversial stage three tax cuts. We discuss the importance of consistent governance and the potential impact on trust in political promises. In China, economic worries lead to a $278 billion support package for the stock market, while the Evergrande Building Company faces liquidation, which impacts the economy. Furthermore, we mention the Australian market, represented by the ASX that was relatively flat in January, down 0.54%, but shows signs of overall health. The government's reconsideration of promised legislative changes sparks criticism, with concerns about the impact on financial planning and the challenges of navigating a changing tax landscape. We believe in the importance of consistent governance and the potential impact on trust in political promises. Join us as we explore market wrap, offering a deeper understanding of economic forces. Don't miss this insightful analysis and the reminder to stay informed in the ever-changing financial landscape! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights US market hitting all-time highs GDP growth in Q4 and its implications Market expectations and stability of interest rates How inflation is interconnected with other economic factors The relationship between economic growth and rate cuts Legislated stage three tax cuts Rental market and the importance of cash flow Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we dig into the concept of negative gearing in property investment. We define negative gearing as incurring an income loss on a property with the anticipation of capital growth. Additionally, we provide an example to illustrate how it operates and highlight that depreciation can be claimed as an expense, even if the property is in a positive cash flow position. We also discuss some drawbacks, including increased risk, negative cash flow in today's environment, and the significance of selecting the right property for capital appreciation. Furthermore, we underscore considerations such as cash flow support, personal money management discipline, adequate insurance, risk tolerance, time frame for holding the asset (preferably 10+ years), and the notion that higher income earners may benefit more from this strategy. We strongly encourage listeners to seek advice before implementing a negatively geared strategy, as it demands careful planning and assessment of individual circumstances. Whether you're a seasoned investor or just starting out, this episode is packed with valuable information. Don't miss out – hit play now and take a step closer to informed and strategic property investment! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights About negative gearing Example of how a negatively geared property works Advantages and drawbacks of negative gearing Importance of contingencies and strong money management skills Who should consider negative gearing and the factors to take into account Alternative investment strategies Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the pros and cons of investing in your own name versus a trust. We focus on two commonly utilized types of trusts: unit trusts and discretionary/family trusts. Unit trusts distribute income based on ownership of units, while discretionary trusts allow for flexibility in distributing profits. The main advantages of using a trust include asset protection and tax minimization through strategic income distribution among family members. However, it is important to consider the complexity and costs associated with setting up and running a trust, as well as its potential impact on borrowing capacity. Planning ahead is crucial, taking into account both current circumstances and future scenarios when deciding whether to use a trust for investment purposes. Ready to make informed decisions about your investments? Dive deeper into the world of trusts and investment strategies by tuning in to our episode! - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Types of trusts (Unit, Discretionary/Family) Asset protection and tax benefits associated with trusts How does a discretionary trust work Flexibility in income distribution Planning ahead for capital gains Costs associated with establishing and running trusts Considering the long-term implications and benefits of trust Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss investment bonds, explaining that they are: a tax-effective vehicle for investing money. The income associated with the investment is paid within the bond and taxed at a maximum rate of 30%, which can be lower than an individual's taxable income. If the asset is held for longer than ten years, there is zero capital gains tax when selling it. We also emphasize that investment bonds do not form part of your assessable income or a person's estate, making them useful for estate planning and asset protection purposes. However, it's important to note that investment bonds cannot protect assets in cases of separation or family law matters. Additionally, we highlight certain limitations, such as the necessity to hold the bond for at least ten years to maximize its tax benefits and the importance of adhering to contribution rules based on prior years' amounts. - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights About investment bonds The tax environment Benefits associated with investment bonds Positive and negative aspects of investment bonds Timeframe and contributions of investment bonds The 125 percent rule Use of investment bonds for specific purposes Investment options within investment bonds Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we discuss the difference between income and capital growth assets. We explain that capital growth refers to the increase in the value of an asset over time, while income is usually received in the form of dividends or rent. We also mention that these principles apply to other asset classes such as managed funds or shares. Additionally, we emphasize that there is no one-size-fits-all approach and that different investment strategies are appropriate at different times depending on individual goals and life stages. Furthermore, we also discuss franking credits associated with dividend income from shares and how they can be advantageous for investors. We explore the concept of being "asset rich, cash poor," where individuals have significant assets but limited cash flow due to low rental yields or living expenses exceeding income generated by assets. Lastly, we delve into strategies for repositioning assets or investing in capital growth assets to address this issue. Join us in this episode as we continue to explore the dynamic world of investments. Don't miss out on valuable insights and strategies tailored to your financial goals. - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706 Episode Highlights Difference between capital growth and income in asset Understanding different types of asset How to structure investment portfolios Franking credits are and how they can influence investment decisions Importance of timing in investments Balancing capital growth and income Implications of market conditions and retirement on investments Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast