Wednesday, March 28, 2012

How we are saving a retirement couple $8100 in taxes.

This last week I experienced the enjoyment of my role in helping others achieve their goal.  I meet with clients who own a commercial property in their personal names.  They are retired and are living off the rent received from the commercial property.

The rent of $60,000 per annum is being taxed as per their individual tax brackets so total tax of $8,100.  This meant that instead of receiving the full $60,000, they had to forgo some activities in their retirement.

I have worked with their accountant to recommend a strategy to restructure the ownership of the commercial shed into a self managed super fund.  Now that the rental income is being received inside super, the clients are able to draw their full $60,000 in income without any tax. 

To advise these clients that they can now earn $60,000 tax free in retirement has bought this couple such joy as they can now travel more often to see their grandkids.
It is times like this when I see the smiles on faces that I know I can make a difference and help achieve dreams.

Wednesday, March 21, 2012

Market Update for Quarter 4 2011 and what this means for us in 2012.

Click to view the video below, hosted by Elliot Bullock, our Investments Specialist. In this easy-to-understand video, Elliot explores:

- the outlook for global growth
- the latest from the United States, Europe and China and what this means for Australia
- the outlook for interest rates.