Premium Finance Solutions

Recently the Australian federal budget has appeared as an important topic given the uncertain economic times that are affecting us at present. I would like to comment from an investor’s point of view as to any possible affects. My main point of being is that the tax brackets have not changed therefore leaving any person with an excess assessable income in the need of doing something to create wealth for the future, as we all know doing nothing gets you no where.

With changes occurring in the superannuation field and the significant drop in the concessions of contribution to super, someone who was capable of contributing $100, 000 to super will have $50,000 additional assessable income to deal with now. Noting that the government has not touched the general principles relating to tax deductibility of investment interest and so forth, one can only expect that clients are investigating the many options as to gearing.

At Premium Finance Services we believe that negatively gearing into an area as residential property, once you have consulted professional advice, presents a low risk class of investment, Sitting down this week with existing clients that were recommended to come and visit Premium Finance Services by friends some 18 months ago was a rewarding experience and certainly confirmed that having an investment strategy and sticking too it is so important. Since visiting Premium Finance Services and adopting a debt reduction and investment strategy, my clients have successfully created portfolio growth and reduced personal debt by over $25,000.

If you feel this something that you would be interested in, why not contact me and see if I can help you.

This week I would like to begin by discussing the benefits of reducing personal debt and maximizing cash flow. As many people have at one stage of their life had a personal mortgage, credit card, personal loan and so forth we all share a common thread.

The loan needs to be paid by someone at the end of the month, and generally that is only one person, you. At Premium Finance services we believe that by utilizing the correct cash flow model i.e. loan structure, and directing as much as possible from the incomes to decrease that loan, will give us greater investment flexibility moving forward.

Choices are all we are looking at here, the choice to spend or the choice to reduce debt in the most rapid method will allow you and your family greater financial flexibility in the future. Time equates all and when it comes to paying off the family home, most would agree that the sooner its paid off the better. Personal debt today is readily available and often used in the most incorrect fashion. Credit cards are a tool, and like a hammer if you use it wrong then it can harm you. Premium Finance Services can show you how to use a credit card for saving not for spending. Credit cards offer a great transactional account when used correctly, with no interested being charged should you not carry a balance forth past the given interest free term. Many other loan types and products are often offered by the bank, If you want to know how to gain and use the right product and model to reduce your personal debts and to pay off your home in the shortest time give the people at Premium Finance a call.