Financial and superannuation, #homebuilder

Updated: Jun 25, 2020


General note only, for curious minds, if you need specific advice, pleased talk to your financial advisor.

Superannuation(or "super") is a compulsory system of placing a minimum percentage of your income into a fund to support your financial needs in retirement. Your super is invested in a range of assets to help grow your balance so you can have the best possible retirement outcome.

If you suffer from financial hardship, there is option to take out super early(e.g. pay the debt, bill payment, education), however it is advisable not to do to unless it is the last resort as investiment(equity) taken out will impact your total value of the retirement fund.

While some may say they may invest the fund somewhere else, do consider the earnings could be taxable(non superannuation).

Q&A from readers: 1. Which trade account offers wide range of global stock, equity, index, CFD, options?

There are many platforms in Australia(eg banks) however I found Saxo more competitive and can trade international shares as well to divest.

There is demo account version to practice before trading/buying share with liquid asset.

Due to regulation, all transactions (earnings/lost)are reportable to ATO for residents.

Feel free to ask questions if you have."

Do consider risk before investing.

Utilise the tools and features of your investment platform to make it easier to analyse and evaluate performance.

2. Work from home deduction methods FY20 taxation -

Work From Home Deduction 20200611PDF

3. Home Builder Grant and houses that suits your budget in metropolitan area Primary audience are: owner occupier, contract signed within the eligible period, home and land package/renovation, earning for a couple under $200K/year. If you are seeking quality builders and construction projects ready to go within 30km of Melbourne and Sydney, please contact me.

4. SMEs asset write off - Supporting small business and employment - Business support stimulus etc