360 Money Matters

Welcome back to another episode of the 360 Money Matter Podcast! Do you have excess cash flow, or maybe a surplus of cash right now? While there are many different ways to go about using that excess, one of the most common questions we get would be should I pay my debts or should I pay into superannuation?

And while there's no definitive all-answer to that question, we really wanted to dive into the different options available and some of the pros and cons that can help you in deciding what may be best for your personal situation.

If you feel like you need a refresher on superannuation and an even more specific client scenario, feel free to check out our previous episodes of the 360 Money Matters podcast!

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Different types of debts (good or bad)

• What are your options

• Retirement time frame

• Mortgage repayments vs Super repayments

• Tax deductibility

• Level of risk and opportunity for growth

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Welcome back to another episode of the 360 Money Matter Podcast! With a lot of talk going around about investment markets, we really wanted to clear the fog and really sift through some of the noise to get to the crux of what's happening, what's causing it, and what you can do in this market.

Unemployment is currently at low levels and inflation is continuing to ramp up. Mortgage stress is starting to become a concern with interest rates that are rising so that central banks can combat inflation. Combining this increased mortgage cost with the inflationary environment we see ourselves in, households are starting to feel the pinch in their budgets.

By the end of this episode, we hope to provide you with some comfort around some of the strategies we recommend that can help you curb and prepare yourself for markets such as this and how we can prepare, anticipate, and adapt as best we can!

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Inflation has skyrocketed.

• What is stagflation?

• The importance of cash reserves.

• Rising fuel prices and cost of goods.

• Cutting costs and minimizing expenses at home.

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360 Financial Strategists

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Welcome back to another episode of the 360 Mother Matter Podcast! We have recently spoken about superannuation, death taxes, and some changes to superannuation rules. Today we put this all together in a scenario for a client.

In this particular scenario, our client is 65 and still working. What we're able to do for this client was convert his entire superannuation to 'tax-free' as well as reduce his income tax by $10,000 over the course of the financial year!

So if you are in a similar situation or someone you know is– be sure to stick around or share the episode with them and find out how our client took advantage of some opportunities that are available to help reduce both the tax that he will pay, as well as ensure that his beneficiaries don't pay any tax when the money is eventually passed to them.

If you haven't yet, we highly recommend checking out our previous episodes about Superannuation to get a better idea of what we're talking about for this client scenario!

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Gaining unrestricted access to superannuation

• Taking advantage of tax opportunities

• Reducing assessable income

• Planning out the strategies using current legal tax laws

• Avoiding death taxes for beneficiaries

Connect with Billy and Andrew!

360 Financial Strategists

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Welcome back to another episode of the Money Matters Podcast! With the end of the tax year approaching, the mad rush on planning for your end of financial year is upon us! Today we will guide your through some ideas you can look at to make the most of these last couple of weeks.

Whether it's setting aside surplus cash for superannuation, or paying off larger deductible expenses for this year instead of the next, there is definitely some money to be saved and invested for your future that can not only improve your tax position but also accelerate your wealth creation. Making the most of government incentives and benefits will help accelerate your wealth creation.

Tune into this episode as we show you how you can maximise your position and make sure you're not scrambling this incoming June 30!

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Concessional or pre-tax contributions towards superannuation.

• Government co-contribution

• Spouse contributions

• Non-concessional contributions into superannuation.

• Timing your larger deductible expenses.

• Offsetting capital gains or timing it to be taxed lower.

• Claim your tax deductions!

Connect with Billy and Andrew!

360 Financial Strategists

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Welcome back to another episode of the Money Matters Podcast! Today's podcast is all about making sure that we are protecting the greatest asset that you will likely ever have; your ability to generate income. That is where Income Protection comes in, designed to eliminate or offset the risks that come with losing your source of income or your job due to injury or illness.

While it is and sounds important; a lot of the people we have worked with have thought about it but haven't taken action to put this into place. We will run though the finer details of income protection policies and what you should look out for when assessing what policy is right for you.

Tune in as we take a deep dive into Income Protection policies.

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• The importance of Income Protection and protecting your greatest asset

• Some new changes to Income Protection policies

• Benefit periods and waiting periods

• Optional benefits on Income protection

• Deciding on the right cover for you

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Welcome back to another episode of the Money Matters Podcast! After our last episode, we hope by now you have a better grasp of superannuation– because today we want to talk about Self-Managed Superfunds. While superannuation in its most basic form is a trust, with its own preservation rules and tax environment, SMSFs are not any different with the exception of a few small intricacies.

The important takeaway from a Self Managed Superfund is that it is what the name suggests "Self Managed". While this can carry its own risks, costs and management burden, it also has its fair share of benefits when handled correctly.

While it may not be for everyone, it could be for you! Stay tuned in as we talk about what kind of investors are best suited for this superannuation structure as we take a deeper dive!

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• What is a Self-Managed Superfund or SMSF

• The cost and burden of an SMSF

• Who are SMSFs relevant for

• What type of investors should consider SMSFs

• The pros and cons of SMSFs.

Connect with Billy and Andrew!

360 Financial Strategists

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Not all life insurance policies are created equal. When we say life insurance policies in this episode, we're also referring to permanent disability and income protection. In Australia as of now, we're already facing an immense underinsurance problem, which can leave people wondering how they will pay for bills and living expenses if something were to happen to their health.

It can be tempting to rely on your superannuation fund to fund the cost of your life insurance products given the fact that this won't impact your cash flow. However, we really need to reassess if this is the appropriate strategy and products for you, or if you're better off holding these policies outside of superannuation.

Join us in this episode as we dive right into the things that you should consider when deciding on holding a life insurance policy inside or outside of superannuation.

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Summary of these life insurance products

• Advantages of policies inside superannuation

• Disadvantages of policies inside superannuation

• Taxation on benefits

• Tax deductions on premiums

• Things to consider when deciding on the right options for you

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360 Financial Strategists

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After a long time since the last increase in interest rate of the Reserve Bank of Australia(RBA), it's finally happened. Knowing that a lot of people are concerned about their mortgage repayments, it's only timely and appropriate that we discuss on this podcast the impact this increase will have on your personal cash flow as well as the broader economy.

The RBA's decision to increase rates has largely been definitely driven by rising inflation and a decrease in unemployment. While this is still at historically low levels at 0.35% we will examine what impact this rise and any subsequent rises will have on your circumstances.

While the interest rates continue to increase, we hope this episode brings some clarity and further certainty about times ahead!

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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Why the RBA increased Interest Rates

• The 0.25% Increase

• Impact of interests rates on financial Markets

• The Impact on Property Prices

• How increased interest rates will impact home loan repayments

• Examples of applying expected changes to interest rates on loans

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! If you're a first-time homebuyer that wants to break into the real estate market faster, then listen in on this episode! The biggest barrier for most first home buyers is usually the deposit that you need to put down on your first home. So enter this government initiative to help you accomplish just that.

The First Home Super Saver Scheme is a savings vehicle with tax benefits, helping a lot of first home buyers get started in real estate. In this episode, join us as we talk about the potential this plan has to work in your favour! We will help give you an understanding of how this scheme works, some of the benefits associated with this as well as some key things that you should consider before embarking on this strategy.

So be sure to join in on our conversation as we maximise your contributions and get you that first dream home!

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Introduction to First Home Super Saver Scheme

• Requirements to be eligible

• Tax benefits that are available

• The restrictions on contributions & withdrawals

• Concrete examples of using the FHSS scheme

Connect with Billy and Andrew!

360 Financial Strategists

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Hello and welcome back to the 360 Money Matters podcast! Today we will be talking about an investment vehicle that can not only assist in building your wealth or planning for a large expense but in a tax-effective structure.

For this episode, we'll be talking all about this investment vehicle; Investment Bonds, not to be confused with bonds, corporate bonds, and government bonds. This tax-effective investment is taxed at 30% within the investment structure and will not incur a capital gains tax when held for longer than 10 years. This will also not form part of your tax return and all tax return and all taxes will be paid within the vehicle

By finding ways to ease the burden of tax whilst still investing, we can create more opportunities to build wealth and fund an expected future expense.

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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, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights:

• Investment Bonds

• Taxation rates of investment bonds

• Compounding Interests

• 10-year investment timeframe

• 125% rule for contribution limits

• Long-term commitment investment bonds

• Who this investment vehicle is best suited to

Things to consider when deciding if an investment bond is right for you

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episodes here:

Apple Podcasts

Spotify

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