Noel Whittaker's Blog
By Noel Whittaker
Christmas is nearly upon us – unfortunately, it’s potentially the most dangerous and most frustrating time of the year. You can spend eleven months doing all the right things and making solid progress, and then find all your good work destroyed as the holiday season hits and you get caught up in the inevitable spiral …
I have often heard older people talk about the way the pension system used to be. According to their recollections, part of the income tax you paid was supposed to be hived off and credited to a separate fund, out of which you would receive a pension for life. Because it was all so vague, …
I recently received an email pointing out that I often recommend interest-only loans for investment, and asking what the purpose of the strategy is. In the reader’s view, it seemed futile to take out a loan that you would never pay back. The purpose of using an interest-only loan is to minimise your monthly interest …
Today we’ll talk about a strategy that can help you build wealth – borrowing. Most Australians borrow – either for logical or emotional reasons. A logical reason is to buy a home now because you believe there will be long term growth – an emotional one is to get that latest big screen TV today …
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 …