360 Money Matters

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!

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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

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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!

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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

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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!

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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

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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!

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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

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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!

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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

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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.

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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

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360 Financial Strategists

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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.

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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

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360 Financial Strategists

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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're diving into the recent inflation data in the US and the impact that this has had on the stock market as well as the interest rate expectations for next year. Unemployment in Australia has also been a big talking point and we will look into some of the details that surround this, rather than just the headline unemployment number. The rise in wages is partly attributed to EBAs for government workers. Nonetheless, it remains to be seen if this trend will persist beyond the initial spike.

Tune in to our latest episode for a comprehensive market wrap. Don't miss out on the insights shaping the economic landscape!

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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

• Data coming out of the US related to inflation and market reaction

• The Australian market and its reaction to the US data

• Positive market reaction and the increase in share market returns

• The unemployment rate in Australia

• Increase in youth unemployment

• Acceleration of wages and the factors contributing to it

• Property market and its outlook

• Importance of considering cash flow and budget impacts

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discuss tips for managing Christmas spending. We emphasize the importance of setting a budget to avoid overspending, as well as saving throughout the year specifically for Christmas expenses. We recommend avoiding credit card debt by not relying on credit for purchases. Other tips include shopping early, taking advantage of sales, regifting items that aren't wanted or needed, considering experiences rather than material gifts, participating in Secret Santa exchanges to save money, and receiving more meaningful gifts, among others.

Furthermore, it's crucial to be mindful of spending during the festive season and find creative ways to socialize without breaking the bank. Say yes to things that bring joy and benefits, but be conscious of where you're spending your money.

Take control of your holiday spending and make the season joyous without breaking the bank! Join us in being mindful of your expenses and finding creative ways to celebrate!

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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

• Setting a budget for Christmas spending

• Setting up a dedicated savings account for Christmas

• About regifting

• Opting for experiences instead of material gifts

• Setting limits and expectations on gift spending

• Importance of being proactive and avoiding a rushed approach

• Considering homemade or environmentally friendly gifts

• Exploring cost-saving options

• Creative ways to catch up with friends and family

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360 Financial Strategists

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discuss a listener's query regarding factors to consider while contemplating superannuation at a young age. We emphasize that starting early and making small extra contributions regularly can make a huge difference.

Additionally, we clarify that a superannuation trust provides tax benefits and compound returns over time by retaining investments until retirement age. However, a drawback is its lack of liquidity. Finally, we emphasize the significance of striking a balance between long term planning, tax benefits as well as liquidity. In addition to this, we will look at what you should be considering when assessing whether a superfund is right for you or not.

Secure your financial future now! Dive into our latest episode for key insights on early financial planning, superannuation benefits, and striking the right balance. Don't miss out – listen today!

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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 superannuation in financial strategies

• What is superannuation and its purpose

• Benefits of superannuation for long-term investment

• Considerations for superannuation strategy

• Tax implications and deductibility of contributions

• Building an investment portfolio

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

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