We are not happy with the financial advice we received
August 29, 2008 by Josie Kay · Leave a Comment
Q. You mentioned briefly on Sunday 13th July, MFS formerly Octaviar now managed by Wellington.
We are moderate risk investors and have found ourselves through our SMSF having a $50,000-00 holding in the above, not good from what we hear. Lonsec are employed by our financial advisers and supposed to have comprehensive research data to help formulate tailored plans. Read more
Debt Recyling … Good for you!
August 12, 2008 by Josie Kay · Leave a Comment
Have you heard the term ‘debt recycling’?
Simply means that you have taken out an investment loan to purchase an asset like shares or property, and then use the income from these investments to repay debt on the family home.
The reason it can be such a powerful strategy to reduce debt is that the interest applied on an investment loan is normally tax deductible, whereas the interest on the loan attached to the family home is not.
Therefore, it makes sense to pay the family home off first as you are paying with after-tax dollars.
I am a New Zealander working in Australia and wondering if I can claim back my tax
August 12, 2008 by Josie Kay · Leave a Comment
Q. Hi Josie, I was sitting on the tractor working away the other night and I was listening to you on the radio. I am from NZ, currently working here for a while.
I was wondering how I go about claiming tax back? I have also worked here in the past (a couple of years ago) and am wondering if I can claim anything from that work?
Please help as it is hard to find information on this. Your time is very much appreciated.
A. Thanks for the question and what an interesting job? Questions on taxation of non-residents should really be directed to an accountant as they just love interpreting the Tax Act. Nevertheless, I have done a little bit of research on the Read more
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