Noel Whittaker's Blog
By Noel Whittaker
Recently, during a talkback radio program, a listener aged 50 who owns a negatively geared investment property, asked me if they should sign a PAYG variation form to enable the tax savings that would be generated by the investment losses to reduce the tax on their fortnightly salary. The tax savings, in this case, amounted …
There is still a lot of confusion about the difference between holding assets as tenants in common and holding them as joint tenants. In this context the term “tenants” doesn’t have a thing to do with landlord and tenant, it refers to ownership of assets such as property and shares. For example, if you buy …
I continue to receive questions about using contributions to superannuation to reduce capital gains tax. The following is typical. “We have an investment property in joint names that we would like sell in a few years to fund our retirement. The capital gain should be approximately $250,000 and we are keen to consider strategies to …
Recently a reader emailed with a problem that is becoming increasingly common for retirees. She and her partner had long had a credit card with the principal card in his name, and her card held as a supplementary card. She had read my columns recommending both partners have a card in their own names because …
It’s 10 years since the GFC hit. Today let’s reflect on the lessons we have learned from the biggest crisis in most of our lifetimes. You may be surprised to learn that the interest rates in Australia were on the rise in early 2008, with the Reserve Bank raising interest rates twice in February and …