I am looking for ways to optimize my Age Pension entitlements while ensuring legal compliance, I have heard from KZbin channel which is to contribute super to my younger spouse in order to legally hide money from Centrelink Age Pension. I already at Age Pension age while my partner is several years away. I just want to found out for Centrelink purposes, will this action to be seen as Gifting? And it’s not benefit to optimize my Age Pension entitlements within a period of 5 years. Thanks for your kind advice.

Thank you, that was a great video! I had a question: If my income as an employee for FY25 is to be $250,000 inclusive of super, would I be able to reduce my taxable income by making concessional contributions or/and a novated lease to avoid paying Div 293 tax? Or would it just cancel out? I have unused carry forward super contributions of about $50k for the last 5 years that I want to take advantage of this year. Thank you!

Thanks mate! I’ll be studying into self managed super after watching this😊

😂 that was us! That was some time ago Brad... I'm glad my forward question stuck in your mind after so long

Ive got gesb gold state and west state

Tall insurance and australian super they just take money. When claim they ask for 80 pages and 20 pages doctor to fill forms. Thry take ages to process. They ask every paper u can think of even its unrelated

You didn't explain the criteria for determining what an up or down market is, so what is it?

Thank you for your hard work!

Don't blink because 50 is going to here for before you know it.

Wholeheartedly agree with this. I work in an area where complex advice is sought and so often the conversation ends up pulling in much broader considerations. This, like your advice takes years of lived experience to move quickly to the best and most balanced outcomes, notably where the premise of the question posed isn’t quite right. Often having a small amount of knowledge can be worse then having nothing as it can give narrow steering to poor outcomes. Working with an advisor across matters is vital, notably wherein developed economies where individuals face quite a gradient to high/favourable financial security. Surely taking advice on picking your path up the climb, as well as self discipline is the best way to move ahead. On the neural theme(ish) hopefully folks get some dopamine from seeing their results and simply by implementing the small and consistent steps. Not getting it solely from purchasing items they don’t necessarily need!

I have two run down country properties that combined are worth much less than an average house in any suburb within 100kms of major city. I'm disabled, have no superannuation, and the houses are all I have to my name. It pains me to think that when I sell a house, which I will have to do soon as I can't afford the upkeep, I will pay a hefty CGT. I hope the tax bill won't wipe out my entire future savings (which I considered my superannuation). 😢

Good looking layout. Well done.excellent way to fine tune spend across all areas to ensuring staying cashflow positive.

An honest and excellent advise video, well done. Thanks Brad.

An honest and excellent advise video, well done. Thanks Brad.

Thank you for info. Do I have to choose most recent FY? Can I contribute for FY2019 instead FY 2024?

Good videos! Thoroughly enjoyed you channel! Thanks!

What’s the deadline to hand in the “ Intend to claim “ tax form ? Before July 1st ? Or after July 1st ? If you do tax return yourself, do you need the letter from the super fund saying you hand in the from ?

Great explanation.

My late husband dued in 2019.His super funds arent claimed yet.How can I claim his superfund with my 3 sons.thankyou. superannuation fund.

you could argue there are 3 phases to super 1. accumulation 2. pension & 3 death (any the relevant taxes which apply to your beneficiaries.)

Thank you so much for this.

Very informative video! Have just started consolidating our money into a structure like you've suggested.

how does that work if you have sold shares and have a cgt to pay? should i then pay more into super to off set?

Excellent explanation on this topic. Thanks for taking the time to make.

Thank you for the info.

Great explanation video mate on this hidden greedy tax. Got a few questions: 1) why is rental loss added? (usually a negative gearing strategy) 2) similarly with capital gain which is not exactly "income" and the govt has already slogged the tax on this 3) it's odd that this tax is applied when for example you have sold a property in the given FY, even though technically no additional contributions were made to super per se? 4) any smart tips on how we can structure our salary/incomes to avoid Div293?

Great information. I have a question though. I have my Super with a prominent Industry Superfund and have been making Non Concessional contributions for a number of years. Looking at my on-line account i can see the make up of my fund value in Taxable and Tax Free terms. The Tax Free value is exactly the same each year as the Non Concessional monies I have invested in total. Meaning that the Superfund does not allocate any income earned by Non Concessional to Tax free monies and conversely, by definition, must show all income against Taxable monies. Am I correct? If I am correct why are Tax Free money income put into a Taxable situation, which prima face seems wrong? thanks

A great, concise and informative summary, as always. Thanks Brad!

Are these benefits only available to NFP’s that are charities or that accept donations? I keep getting told our NFP isn’t eligible, but they’re never certain…

In this example, the salary packaging is limited to $9010. What if I just use 8000? will the rest of 1010 back to my bank account?

Thanks Brad, I really appreciate your hard work to inform and educate us. :)

Very quiet one when it comes to super this year! Definitely a budget focused on trying to provide "something" to "everyone".

Economic investigator Frank G Melbourne Australia is still following this content cheers Frank

Interesting method. I know you list property on the list of assets but would you also class your own home in that list? That massively changes our net worth position but it's our forever home and costs us a lot of money so I'm challenged by the idea of it being an asset, apart from on paper. We would still buy a car in cash and pay less than $50k which is under 20% of annual income.

Thank you and it's well explained.

Hi I am international student will I get my superannuation amount when I go back to my country after TR? If yes, when do I need to apply for this ? From where ? Please highlight me on this topic

How does this impact division 293 tax? If our income (minus deductions and capital losses) + fbt + employer super contribution = 250k and we pay another 50k from our savings into super and claim tax back using carry forward concessional allowance for the 50k. Do we pay division 293 tax on the 50k?

Thank you!❤

Thanks for the vid. Probably a stupid question but how do you add more to super? Via bank transfer only? Via employer request? TIA Edit: saw your other vid for tax year ending 2022-23. Has it all there. Thanks!

Hmmm, so the balance at the retirement point is suppose to be 584k? So from that point on you would be spending ~10% p.a. as a single person to be comfortable and hope the market delivers? Or am I missing something?

Thank you for this, i know its just a rough guide, but it helped me realise im on track .. 2 years ago i started salary sacrificing an additional 5% on top of the base rate.... Im almost 38, with 120k, and im only a factory work on less the 60k, so i feel like ive developed a stable footing on my climb to retirement. 👍

If I have two jobs, do I claim tax free threshold from both?

Thank you for the information. Very helpful

I was under the impression that Franking credits are apportioned at the same ratio as the shares to the beneficiaries. Is that not the case?

You're so right re: investing if you have the means. Great opening, I'm subscribing.

No thank you we’re getting the Fiduciary Security Traditional Family Forgery Proof Permission Ledger Validation Certification Trust.

May I ask if I want to contribute more than the limit of $27500, which means use my take-home pay to contribute (carry-forward concessional contribution up to previous 5 years), am I able to reduce the tax? I have never done any extra contribution before. And do I pay extra tax if I contribute this carry-forward concessional contribution to super, is this subject to 15% once they are in super environment? Then which means I get the benefit in tax return, but I paid 15% within super? If when I die, does this portion need to be taxed again to a beneficiary who is no longer a dependent?

Good spreadsheet but would you be able to provide the password? being able to add columns etc would be amazing...

Hi! Great breakdown. Question for you: Will I have to pay capital gains on any money I make from ETF's if I take out an investment loan?

I got super rollover from my ex. Not I don't have Superannuation add. How to improve superannuation and investment Amp