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.
Tags: Brisbane, Melbourne, Premium Finance, Premium Finance Services