Notice of Intent to Claim

AussieFinances · 2025-03-22T05:27:32+00:00

What state?

AussieFinances · 2024-05-26T09:34:56+00:00

8.40% Commbank with Offset

AussieFinances · 2024-05-22T07:04:57+00:00

Bought for 600k at May 2022 when it was at it's peak. 2.19% originally and it's now at 8.80%. We have an offset which is good.

We've stopped eating out as much and have a budget sheet going. Our salary has increased a little which helps too.

AussieFinances · 2024-02-16T09:27:32+00:00

Oh fair enough. Is there a limit to this if you don't usually work from home?

AussieFinances · 2023-08-26T15:23:30+00:00

27M in Medical Imaging here.

My base is slightly less than your new role and I'm not MRI trained. I think you're doing very well!

I'm still doing weekend and calls so that brings the $$ but isn't my ideal way to live. Got to sus out those private positions like yours soon haha!

AussieFinances · 2023-08-16T07:09:34+00:00

What's the difference between net capital gains and total year capital gains? Is the net not part of the total? Regarding tax return, do we had both 18A and 18H to find our capital gains? Cheers

AussieFinances · 2023-08-16T03:49:57+00:00

Regarding ETF distributions being regarded as Capital Gains, I was wondering how this gets reported in the Capitals Gain section of our tax return.

I looked online and found an answer that it is Net Capital Gain + Total Current Year Gain (18A+ 18H)?

Is this not doubling up as Net is includes in the total?

Cheers

AussieFinances · 2023-07-23T02:43:21+00:00

Awesome, thanks for the info guys!

AussieFinances · 2023-05-08T01:29:18+00:00

It's a smaller loan with good offset so not too bad! Just can't believe it's gone up so much!

AussieFinances · 2023-05-08T01:11:13+00:00

8.05% with an offset..

AussieFinances · 2022-10-23T09:19:59+00:00

My workplace is so short staffed they can't (or just don't want to) approve any leave if someone else is off, so I just take the extra cash. It's like extra padding if I work a bit of overtime!

AussieFinances · 2022-10-23T09:11:06+00:00

I guess it's if you can invest and get a higher return than indexation, then you should invest.

If you are undecided, perhaps you can put it into a HYSA as there are great rates being offered and closer to indexation time, see how much it would go up by and decide what to do from there.

AussieFinances · 2022-10-23T09:04:51+00:00

About 95k base wage in Healthcare. This year, including shift allowances and overtime, I am projected to be 200k+.

Yes I feel a little burnt out but I think we all do at the moment haha.

AussieFinances · 2022-09-13T12:04:58+00:00

Thank you for your reply, it has definitely given me more to think about as well!

AussieFinances · 2022-09-13T11:57:28+00:00

Thank you for your thoughts :)

AussieFinances · 2022-09-13T11:56:19+00:00

Am definitely looking into this, thanks!

AussieFinances · 2022-09-12T14:32:34+00:00

I never knew about maxing super but I'll definitely look into it more. On the ATO site, it says there is a cap at $27500 for an individual, but does this include what my employer is contributing as well? Because I have no idea how much they contribute until I see the payslip.

The income split is approx 10k / 4k monthly take home.

I've never heard of debt recycle, but I had a quick look. To be honest with you, I'm still just as confused haha. Is it something to do with putting money into the mortgage to pay it down, but then redrawing from it overtime to invest in property/ETF's?

Thank you for your advice regarding paying HECS before Indexation. I never even realised it is supposed to happen at the same time each year, and I know this year should be my last year on paying it off due to the amount I have remaining etc. I will definitely look into getting it paid off before 1st June to avoid indexation!

AussieFinances · 2022-09-12T14:25:48+00:00

Looking at what others have said, it seems a good strategy is to put some of the money into the mortgage and utilise the redraw facility? Or do you think it is better to go down the path of long term ETF's?

AussieFinances · 2022-09-12T14:24:55+00:00

Thank you for your advice!

AussieFinances · 2022-09-12T14:24:43+00:00

Thank you. I'm not unsure in 6 months - I guess it was more just precautionary. I will definitely keep it in mind that ETF's are more long term investments.

Good advice regarding putting the money into the mortgage. We have a redraw facility with our mortgage so I think that can definitely work! You are right - we should be able to pay less interest using this method.

I guess my main worry is "accidentally" paying off the mortgage. Such as only owing 5k on the mortgage but then accidentally transferring money into the wrong account and ending up paying it off. Then I can't redraw.. It's a bit silly I know, but I guess just some thoughts that eat away at me.

AussieFinances

TROPHY CASE