Julia's Blog By Julia Hartman
Download PDF At least the Reserve Bank has slowed down its rate of increase to only ¼%. Maybe that is a good sign the rate rises will stop soon.These days I am regularly asked whether a client should fix their loan. This is all about which way rates will go over the fixing period. Now …
Download PDF Home Deposits – Made Simple Two Years @ $200 Per Week and No LMI Combine the First Home Guarantee with the Super Saver Scheme to buy a home with nearly one third of your deposit being tax savings. If you have a child the government will provide you with mortgage insurance at no …
Download PDF Have you ever been told you are too old to contribute to superannuation? Would you like to contribute more and BAN TACS on your retirement savings? The best way to do this is to have as much of your wealth in superannuation as you can. The superannuation contribution rules are about to change …
Keeping the Nexus Between the Borrowing and the Expenditure What the borrowed money is used to buy determines whether the interest on the loan is tax deductible. That is the basic rule. The link between the borrowing and the expenditure is called the nexus. This nexus needs to be very clear. You need to be …
You cannot claim a tax deduction for a car you have salary sacrificed even though you make an after tax contribution. If you really want to know, here is why: Unless the employee is in the maximum tax bracket, there will be a pre tax amount and a post tax amount on their payslip if …