Відео

Can I do this to offset capital gains on a property or other asset? E.g. crypto?

Super! Great Job! Your presentation is both clear and visually engaging. Useful information on the changes particularly, the bring forward rules on the non-concessional and the limitations.

Im stick with super salary sacrifice v pay home loan with 13yrs to retire.

Well explained Can I please ask some questions; can you move funds from a Pension account back to an Accumulation account. If yes are they deemed a personal contribution subject to the contribution caps? Can you vary the amount of the pension amount or once you set, say 5%, if the balance that is fixed? If it is fixed could you transfer funds to a 2nd pension account and would that be subject to the minimum pension amounts (%) Any info appreciated Cheers

Good video. One question when you transfer from a accumulation account to a pension account can you still withdraw lump sums from the pension account anytime you want to?

9:10-9:40 (Lifetime annuities) So what happens to that $300,000 that I invested when I die ?

Great video thanks. If my partner is over 55 but I’m not, and our home is jointly owned, could a downsizer contribution still be made into my Super, or just his?

Hi Chris, I'm contemplating retirement next year, from FT work reaching 67 in April. Then I'll be eligible to a part pension. Can I apply for that pension at my 67th birthday in April, so Centrelink will start paying me or do I have to wait until the end of F/Y 2024/2025 bcs I earn income from employment during the year?

I’m so confused

basically a video for rich bast4ard5 as always..

Can I reduce CGT by claiming a PCC .

ua-cam.com/video/NSlRg3gNAPY/v-deo.html surely the $59k he has in savings he has already paid tax on?

FINALLY someone who talks in terms of singles and couples!!!! This was very informative IMHO.

MOST IDIOTIC VIDEO EVER!

Hay good information. i have one problem for superannuation my empoly he submit my ato account super $745,76 but my cbus account i get $67.76 so now im what to do? Can you give me advice please. Thanks

I'm 73 yrs old. I believe that you cannot put any super in once you turn 75. Can I still use the 3 year bring forward rule for the non concessional contribution?

This makes NO sense. How can a couple with 2.5 million in super, with a return of 5%, ie, 125k, can be eligible for a pension? And given that he's talking about an income of 100k, that they have already exceeded, it makes even less than NO sense. We are on defined benefits which gives us 125k a year, which means we don't really have a "super balance" and are NOT eligible for any pension. We are eligible for the seniors health card.

This is such valuable information so thank you. I am 63 have not worked the past two years due to health issues. I am however looking at using the carry forward super contributions once I secure new employment. I’m looking at carrying forward the full $55,000 representing the last 2 years’ concessional caps. I’ll speak with my super fund tomorrow to get this started

Government should provide co contributions to be honest until you get to 1 mil. It will save them more in long run

Very informative!

I’d sell that rent property in a heartbeat. That’s no cash flow. You should be getting 1% of the property value in rent per month or very close. Your money is better off in the market by far

Thank you valuable information - The government should allow individuals 55 and over to contribute more than 30k a year to their super in order to self fund their retirement

you absolutely can and do get tax deduction on non-concessional contributions

Yup Australian government collect so much tax just to donate it to other countries. While Aussies suffer, and to top that Australia have so much resources like gas, coal, oil but sell it to other countries for pennies, while Australians pay so much.

I like it how the non-positive feedback gets removed by this Guy.

2:29 Make sense? No, none of this makes sense, sorry.

I understand you are trying to simply the topic, but you're not. It may be that you're over explaining it. But your video is not making it easy to understand.

Thanks 👍

That was very interesting and helpful!

Is the Superguy counting rent+growth in 7-8%? My properties yield about 10% gross and 7.5% nett on current value, but based on the purchase price and costs to own outright, that return is around 18%. The overheads are high but long term, returns grow.

Thank you

Hi Chris, really useful. If I start a TTR at aged 60, and continue working and contributing to the accumulation fund (adding SG + concessional contributions [claiming a tax deduction for this] + ECC [upto $120,000 from next year ?] - is this correct ? Then at age 65 my transfer balance cap is set, because my TTR comes to an end ? My transfer balance cap is set for life ? My pension phase balance becomes my accumulation balance + TTR ? Cheers, David

I’d like a discussion about women retiring. Widow, over 60, in and out of the workforce due to family, very minimal amount of super because of it…

It’s all a scam superannuation Most superannuation funds primarily invest in shares. Ordinary Australians can do the same thing by setting up a brokerage account and buying shares with their spare money. At retirement age, investors are typically focused on generating passive income. So, they tend to invest in ASX dividend shares, preferably with full franking. As we've reported, if you invested $5,000 per year in ASX shares from age 20 to 67, you could have a retirement income portfolio of $1.5 million delivering a passive income stream of $100,000.

Great work, very clear. M

At 58 this is the best video I've seen in a long time, 60 is getting close and could be a real game changer 😅

Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.

Is our super meant to be 500K?

I dont understand any of this

Great info.

Supper is a rip off better putting money in assets like gold

My wife has not worked for a while and her super hasn't grown (in fact reduced with fees) and it has disappeared or has been saved somewhere by ATO - where does she find it and can it be unlocked and put back into a Super Fund, so we can contribute funds and grow that amount for her retirement? I assume even if she's not working, we can contribute funds to her Super?

Can I contribute to my wife's Super through salary sacrifice or otherwise for a tax effective investment for retirement?

Working hard to clear my unused amounts. 3 years into a 5 year plan and so far so good. Getting close to limit so before June 30 next year might need to make a bit of a 1 off to clear. After that will drop amount salary sacrificed to try and maximise contribution limit. 59 years old and kids gone so have been able to live off reduced take home pay.

Hi super guy ,thank you for the video. Have 2 questions . I salary sacrificed over 30 k this year but also contributed after tax contributions to my super . I still have unused concessional contributions I am eligible to use . Q can I claim after tax contributions I paid as unused concessional contributions ? Q 2 Do I have to complete notice of intent to claim form till the end of June ?

I have done this just recently and noticed in my tax account that it is showing as a non concessional contribution. I have found out that it shows as non concessional till you do your tax return claiming the deduction. Was stressing but fingers crossed it will be right. Thanks for the video.

Wouldn’t it be more beneficial to not go below 45k anyway? If you earn above 45k you are taxed at 32.5% hence there you are making a saving of 17.5% vs only 4% for anything between $18200 and $45000?

I did this last week and sent in intent to claim forms to my super company for four past years: 18/19, 19/20, 20/21, 21/22. I didn’t realise that you had to do the current year first, *then* go to the oldest year and work forward. I thought I had read all the relevant info, and I even called my super to find how to lodge the intent to claim for the older years that weren't available on their web form (which was only for current and 22/23) and no one said anything about that. Feeling stressed now and off to find this info on the ato website to confirm. And then I guess I will need to lodge a change form to modify my contribution to 21/22 if it has to be made to 23/24 instead. Gah hopefully the maths will work so I only have to modify one of them!

Just take 100,000 and divide it by .05

SMSF allows you to claim fund losses against tax. With mass funds you just wear a reduced balance and basically wear the loss. This is important and should’ve been mentioned.