Pretty good video topic idea (saves me having to make it!!). Definitely one of these areas where you are better to be sorted well before the due date to make sure your funds get processed etc.

@GuidedInvestor

Жыл бұрын

Haha yeah mate, I imagine this keeps you just as busy at the EOFY!

Purchase shares through your superannuation , tempting . yet u have to have self managed super or member direct. Government and super companies love their pooled funds, said to be mimicking asx 200 or vgs. Along the way those pooled funds , may or may not be effective as real etfs such as vgs, or a200. because (1) you may not get direct benifit of franking credits just like a200 (2) no direct dividents added to your account. (3) every ones funde are managed in one single pool. when one member decides to sell their shares, 15% capital gain is shared with all the members. Eitherway , government and super companies love their default poold funds. Thats why super companies love their pooled funds. ❤❤ Despite if you dont invest in super u are loosing money not receiving 15% or may be due to inflation.

Great advice thanks Brad. How important is it to have in-specie transfer available from my super fund? Can’t find many that have this feature!

@philpogson9883

Жыл бұрын

Hostplus offers it

@GuidedInvestor

Жыл бұрын

Are you referring to inspecie transferring assets currently held outside super, into super?

Thanks Brad!. Great video. Does it make sense to keep money out of Super that you will not spend before preservation age ? It seems it’s all benefits

@GuidedInvestor

Жыл бұрын

Really depends on your situation...I know that's not really an answer but unfortunately it's true 😕

Great Video Brad, you mentioned at 8:30 about issuing a letter of intent. Don't I have until June 30 2024 to issue the letter of intent ?

@GuidedInvestor

Жыл бұрын

Hey mate, it just needs to be issued prior to lodging your tax return or prior to withdrawing/rolling funds out of the super fund.

may I ask a question? if the carry forward concession part of the Super is paid by my employer through salary sacrifice instead of my ABN self contribution, do I still need to fill up the form of Notice of intent to claim a deduction for super contributions? Thanks.

Is there any reason one wouldn't make these voluntary contributions up to the cap into their super as opposed to investing in shares using post tax cash? (if all they are investing in is VAS for example)

@GuidedInvestor

Жыл бұрын

The biggest downside with super is that it's trapped in there until you meet a condition of release. This also brings with it potential legislative risks

Where do you upload a notice of intent to claim please?

@GuidedInvestor

Жыл бұрын

Hi Brenda, you send it to your super fund. Each fund is different, sometimes you email it through sometimes you can do it online.

So annoyed at yet another legislative bite of the super pie happening. I’m loosing faith in super despite its current benefits.

@GuidedInvestor

Жыл бұрын

Are you referring to the $3 mil cap? Legislative changes definately are a risk of super however, I always come back to the reason super was introduced - to get people to self fund in retirement. Given this incentive for governments to get people to use the super system, I hope that don't do anything too rogue. But you never know!