Splice89 » user profile
| Member Since | 23/05/2021 |
|---|---|
| Last Seen | 8 hours 38 min |
| Location | Melbourne |
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?? sorry AMG?
I’m also based in Melbourne and have worked with many advisors, so I can provide some recommendations if needed. When selecting a…
Ha thanks! My first inclination to do this was not with that in mind but rather answer some questions as I know the threshold typically to…
Zilch additional death taxes. Might incur tax on any capital gains not sitting in pension mode though … those gains are only 10% though…
I generally bring this up in initial discussions with clients. I.e "Do you wish to give to charities" "Is leaving a legacy important to…
I'd agree entirely with this.
I don't unfortunately but understand why people wish to invest in those asset classes. I have a duty of care in my role to provide…
I find it incredibly frustrating and short-sighted. The customer is the heart of any business, so any decision that could jeopardize that…
Ooo this question is a good one but I would generally refer clients to a specialised cross-border tax agent to weigh up pros/cons of…
I did actually have a prospect client who has made quite a fortune from OF. Haven't met too many Crypto Millionaires just yet but I'm sure…
Yes I guess time is the most valuable commodity anyone has. Tax legislation is also forever changing so I just pass this service on. I…
Trusts aren't that expensive to setup through the right channels... maybe $1-2k. So assuming the tax benefit you get from setting one up is…
I do. Some of my client's do and don't share that view and I respect that as making money (esp first gen) is hard and they want to benefit…
Correct, only 'non-dependants' pay it which is the children largely - the hard part is knowing when someone will die but we've had cases…
It is REITs https://www.reit.com/what-reit#:~:text=A%20real%20estate%20investment%20trust,finances%20income%2Dproducing%20real%20estate.…
Spot on mate! You have no idea how many clients we see though who don't pay attention to this and recycle it overtime to reduce it.
Yes, I have invested in a similar manner to my clients with variations due to my age / access etc. I have since sold to pay off home loan…
That's a great strategy. One I wasn't aware of.
No I don't. Whilst I was originally an accountant, I spend more time on what I'm passionate in and using an accountant is always beneficial…
It is only paid on death so yes https://legalconsolidated.com.au/super-death-tax/
Congrats on owning your own home. I would suggest building a multiple asset class portfolio that is well positioned given your age and…
roughly :)
I don't prepay tax using discounted gift cards nor have a tax credit with the ATO.
Absolutely!
Yes, the going rate is $2.5m for either debt or for investible assets (cash, share portfolio etc). I felt this was just a loose entry point…
There is already a death tax which isn't talked about enough, this is the tax paid by beneficiaries when they receive proceeds from a…
Great question and a common one I receive from clients. I truly believe property should be considered as part of an overall investment…
I still have a smaller amount of non-deductible home loan debt which I should extinguish over the next 5 years but my home is approx $2.5m.…
Splice89 posted a forum topic [AMA] Hi Ozb - I'm a Private Wealth Advisor
Hey OzB, I'm an experienced Private Wealth Financial Advisor, and I’ve spent over a decade helping professionals, business owners, and…
Splice89 commented on Callaway Edge Set - $599.99 Delivered (Was $899.99) @ Costco (Membership Required)
Damn just missed it! If only I spent 24/7 on ozb
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