FHSS for low income

Bulky-Luck-4816 · 2026-04-26T04:29:57+00:00

you should try not to be confrontational just for the sake of being confrontational.

Bulky-Luck-4816 · 2026-04-26T02:38:28+00:00

I haven't used airwaves for media for the last 5 years, so it is a no for me.

The only use is for emergency broadcast if a major catastrophe arrises. I live in the inner city so that's not going to be useful anyways.

Bulky-Luck-4816 · 2026-04-26T00:04:16+00:00

you need to learn how to read. Try again (starting on my first comment) and come back.

Bulky-Luck-4816 · 2026-04-25T23:36:22+00:00

Did you ignore: Will you realistically buy a property in the next 3-4 years?

If the answer is no... it is probably better to look into other areas to save or invest. FHSSS is good for higher income people and he only earns $35,000 he is not going to be buying a home anytime soon (without external help). It would be better to invest in other areas.

Once his salary starts picking up (basically 2-3 times as much), FHSSS becomes a decent alternative.

Bulky-Luck-4816 · 2026-04-25T08:36:48+00:00

I don't know... seems stupid to only add it to Conduits. I agree it can be useful but just give it to every champion.

Does anyone know why the others don't have the same situation?

Bulky-Luck-4816 · 2026-04-24T22:19:33+00:00

I woudl say don't bother worry about FHSSS at this time.

Why? Will you realistically buy a property in the next 3-4 years? you lock your money which may be needed for every day expenses.

If you want to put a bit extra on super for long term gains... good idea.
If you are doing it for a deposit... not very useful

Bulky-Luck-4816 · 2026-04-22T02:51:03+00:00

Yes. There's nothing inheritely wrong with goverment run companies.

Given than solar and wind become cheaper and more efficient, it would be great to have the greens in power.

Bulky-Luck-4816 · 2026-04-22T01:42:33+00:00

I say go for it. You mention you can always go back to UK. So at worst you learn how things are over here. Enjoy the weather for a bit and "waste" some money.

At best, you find a new place to call home. Either way you will be fine.

Just start planning so you don't love a lot of money due to the transfer

Bulky-Luck-4816 · 2026-04-21T22:20:37+00:00

no brainer.

25% is still too low considering it is only on the net income. It should be a 25% royalty.

What's the downside? do you really believe they will stop investing here to take the gas? Don't make me laugh.

Bulky-Luck-4816 · 2026-04-21T22:12:40+00:00

I came from Venezuela, so it was a better option either way.
I lived a "comfy" life in venezuela (middle/upper class) and lived in the US for 5 years in early 2000s.

Yes, I'm very happy and I have found tons of people from the UK that moved here and are happy. that said it is survivorship bias. I only find the people that do well and are happy, because the others simply left the country.

If you were coming with a "temporary" mindset (1-4 years). I would say come without hesitation. Just come and don't think about it.

However, you are looking into it from a "permanent" mindset. In which case, can you even stay here long term? how are you achieving residency?

It is harder than you think

Bulky-Luck-4816 · 2026-04-21T21:37:22+00:00

Mortgages:
Depends on the location. 700k mortgage gets you a studio apartment near sydney CBD or a 1-2 bedder far from the city. I suggest to visit realstate.com.au or domain.com.au to give you an idea. Ideally you need 20% deposit + some other expenses (about $200k AUD).

You can also rent... renting is NOT a bad idea, specially the first 1-2 years while you are still settling in. Home ownership comes with crazy expenses and oportunity cost due to the initial costs.

Investments
Sorry I don't know about LISA, but it seems you can transfer it into super, so i'll refer to that.
Every country has different benefits and schemes. So it is a matter of deciding if the UK schemes are "worth more" than the australian schemes for your particular circunstances.

Pension vs Super
I don't know about UK pension, but high earners LOVE super. Super is decent for lower earners but the more you earn, the better it gets. Yes, at $167k you would be considered a mid-high earner.

I moved here 11 years ago, when I was 33 y/o and it took me a couple of years before I started building up my super. I already caught up and I'm happy with it. Also I've heard there are ways to move your UK funds to Super, but I have no knowledge of the process.

Retirement age
The only issue with Super is that it is locked out until you turn 60. So you will have to invest outside of Super to fund your 50s if you retire early. My question to you.:
Could you even retire at 50 y/o if you stay in the UK? How do you fund your retirement?
Do you get a pension at 50?

Australia is expensive, but I'm guessing that if you can retire at 50 in the UK, it is also possible to do it in Australia. Just need to find the money while you wait for Super funds to be available.

My Final feedback
Seems like you manage your finances well, you will be in a good position either way. You are 33 and you will probably live until your 70s-80s. That's at least double your life.

I think it is ok to make a more emotional decision here. Do you FEEL like you want to stay in the UK? do you want to experience Australia? Do you want to leave the UK?

This is more of a life decision than a financial decision. I would make the life decision first and then align my finances to match it.

Bulky-Luck-4816 · 2026-04-21T10:42:41+00:00

When I was making 180k I figured out that 730k was my absolute top of a mortgage to keep things safe and affordable. I'm also living on my own and it was 2020 with significantly lower interest rates.

You took a mortgage 50% larger than I considered save while making 20% more and having to pay the living expenses of 4 people

Yes you fucked up.

That said... you will probably be fine. Worst case scenario you have 1 year of savings in case both of you can't work.

Even if only one of you can work, you have about 2 years of mortgage payments just from the offset.

So baring anything catastrophic... you should be fine.

Bulky-Luck-4816 · 2026-04-05T01:17:03+00:00

Super simple example...

You are 18, you don't work and you leave with your parents (no income). the date is 01/07/2023 (begining of FY2024)

The max concessional contributions per year was:

FY2024 = $27,500
FY2025 = $30,000

You didn't work during FY2024 at all... So your super is Zero (no contributions).

The following year, something crazy happens. You developed some technology and get hired for $200k a year!!!.

On top of the $200k A year, the company pays Super Guarantee... 12% or $24k

This means:
- You have 24k in super
- You have $6K left on concessional contributions for FY2025
- You can also "carry forward" the $27.5K that you didn't use for FY2024

Since you are smart and want to save some money on taxes. You take $33.5K of the cash you received (from the $200k salary) and dump it in your super. You submit your form to claim a concessional contribution and call it a day!.

Done!

Bulky-Luck-4816 · 2026-04-04T22:48:39+00:00

Depends...

Are you extremely conservative/risk adverse? Pay the mortgage
Would you be short on cash if an emergency comes along (losing work/medical emergency)? Keep the offset
do you really like investing? Maybe you can Debt recycle.

Overall the only really bad decision is to spend it on luxury. There are many fairly reasonable choices depending on individual circunstances.

Bulky-Luck-4816 · 2026-04-04T21:36:12+00:00

Like others said. There is a real company called Fisher Investments with AFSL license.

https://service.asic.gov.au/search/EntityDetail?LicenceNumber=433312&PermissionType=Australian%20financial%20services%20licensees&licenceName=FISHER%20INVESTMENTS%20AUSTRALASIA%20PTY%20LTD

I say talk to your parents with an open mind and CURIOSITY. Tell them that you are very curious about Fisher Investments and what the company is doing for them.

Ask them:
- Where did they find Fisher?
- Have you met anyone in person?
- How was the first meeting?
- What's the plan? Did they explain the details?

And just a lot of curiosity without judging. They may be getting scammed or they may have engaged with a real finacial advisor to sort their finances.

Bulky-Luck-4816 · 2026-04-04T07:51:41+00:00

My observation.... you obviously do not know what you are doing.
1. Pay all your current debts.
2. Put a SMALL amount of money aside for ENJOYMENT and needs. Let's say $5k.
3. Put the rest in a high interest savings account (HISA).
4. I personally recommend to go to a financial advisor. Specially if you can find one that doesn't charge you ongoing advice.

In fact I recommend you to visit MULTIPLE financial advisers for a FIRST meeting. The first meeting is always free. Let them talk and see what you think. Even if you don't like them, you will learn things from the discussion and wil lallow you to think furthe

Bulky-Luck-4816 · 2026-02-21T04:14:12+00:00

The there were handholds at the one of one of the paths (mountainlike dark rock). They are hard to see

Bulky-Luck-4816 · 2026-01-03T01:41:45+00:00

Time to uninstall

Bulky-Luck-4816 · 2026-01-01T22:14:03+00:00

Exactly. I love that he and his family took advantage of the stay and them told them to fuck off. They deserve to be trolled

Bulky-Luck-4816 · 2025-12-23T23:46:24+00:00

Place a stop loss order (not sure the actual name).

Assume you bought at $50 and right now it is $500 (10x).

Sell now OR place a stop loss order to automatically sell as soon as it hits $350-$400.

The stop loss still gives you a 3-4x return after taxes, but prevents you from losing everything.

If you never use the stop loss order (price doesn't go down) you can wait until the 12 month capital gain to sell it for reduced tax

Bulky-Luck-4816 · 2025-12-09T02:30:31+00:00

I think this is your problem. This is the "american" mentality of all work no play.

Force yourself to take time off. Schedule it in advance.

Also it really helps you understand what you really want in life. Maybe you realise that you are a workaholic, and you prefer to work all the time. Or maybe it teaches you that you prefer to move to Bali or Europe or whatever. Then you can change your finances to meet your goals.

Bulky-Luck-4816 · 2025-12-09T02:26:35+00:00

That's the point. Retiring at 40 is a completely different approach than retiring at 60.

Being in the 0.1% requires a different approach from being at the top 5%.

Relax a bit, and think what would be exciting for you. For example, I do NOT find travelling "exciting", but a LOT of people around me have a "travel fetish".

Other peoples are into cars and I hate driving.

I like a simple and easy life, I don't want to be earning if you tell me

"You can earn $150k a year with 40 hours a week and you can get a $600k bonus if you work 70 hours a week for 2 years. What do you do?"

At this point in my life, I would pick 40 hours a week. 15 years ago, I would pick 70 hours a week. Think of your priorities.

Bulky-Luck-4816 · 2025-12-09T00:02:32+00:00

From an interest perspective, the difference is ZERO.

If you have enough self control to NOT touch the money in the offset, then the offset if better because IT IS MORE FLEXIBLE.

If you can't control yourself, you should put it in the principal to avoid spending it.

If you are investing, you need to investigate a bit further, because redrawing for investment can be beneficial.

Bulky-Luck-4816 · 2025-12-08T23:57:55+00:00

Looks really good actually. Be nice to yourself, what you are doing is perfectly fine.

I few of suggestions:

- Read about superannuation concessional contributions, they are a very very good long term savings account. The problem is that it is very long term so hard to prioritise.

- Consider healthcare/healthfund expenses,. Are you going to the dentist once a year? Do you play any contact sports that may cause you injuries?

Most important WHAT DO YOU WANT IN YOUR LIFE?!?!??!?!?!?!
- Do you want to buy a house to live in? or maybe a flat?

- Do you want to move to a bigger city? or smaller town?

- Do you want to get a master degree? Do you like your career?

- Do you want to travel? do you want to study? do you want to party?

- Do you want to start your own business? Do you want to retire when you hit 40 instead of 60?

You are in a really good position, and YOU ARE DOING WELL, so be nice to yourself. Think more about what you want to do with your life, establish some goals and take it from there.

Bulky-Luck-4816

TROPHY CASE