money money money 705 special strata levy, investing for niece & nephews, SMSF investment, Spaceship + more
Jan 29, 2024
Financial adviser Jess Brady joins the hosts to discuss topics such as buying into strata, gifting shares to a teenager, investing through SMSF, moving shares out of Spaceship, record keeping for tax time, and renting out a farm for events. They also announce the launch of a new podcast called 'Financially Fierce' focused on empowerment and confident money decision-making.
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Investment Bonds For Estate Simplicity
- Investment bonds can simplify estate planning by naming beneficiaries and keeping investments in the donor's name.
- Bonds can avoid annual tax reporting and transfer smoothly on the donor's death.
Mind The 125% Rule On Investment Bonds
- Understand the 125% rule for investment bonds: annual contributions can only increase by 125% of the previous year.
- Treat bonds as either long-term commitments or one-off gifts because you might be unable to add later.
Use ETFs Or Managed Funds In SMSF
- For a small SMSF with cash, prefer low-cost diversified ETFs or a managed diversified fund over picking single high-dividend stocks.
- Use super-owned brokerage accounts to buy ETFs (e.g., IVV, VAS) or pick a managed portfolio for rebalancing and simplicity.