While I don’t disagree with the Australian government’s decision to allow people to take out $10,000 one year and $10,000 the next due to Covid-19 – I do not view it as a lifeline.
I view it as having a massive night out – but the hangover could last the rest of your life.
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Your Entity Needs to Be Registered FIRST before signing a Contract to Purchase a Property Unfortunately, if you purchase your property in the incorrect structure, it can be very expensive to change later. Your entity (like a Trust, Company or Super Fund) needs to exist BEFORE you sign a contract to purchase a property. […]
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There are a number of government review sites to help you obtain great prices and services. I note Iselect is also a private health comparison site but they accept commissions and I had an absolutely terrible personal situation with Iselect – that I was told false information and then Serious Dental was not on my […]
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ESS Interests & Employee Shares paid into Discretionary Trust If your employer allows, your employee shares/options could be directly paid into a discretionary trust that we set up for you (or that you provide). Our method of setting up a discretionary trust saves $500 in New South Wales Stamp Duty – so we recommend you […]
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Employment Contract Meet National Employment Standards STP Finalise
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Marginal Tax rates What type of year is this? Is this a small year, a normal year or a big year? Small Year Normal Year Big Year Do you have a spouse? Types of Income Employment Income – can’t be changed Interest/Dividend Income Managed Fund Income Sole Trader/Business […]
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