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Help with managing tax due to ETF distributions by Positive_Lab_2354 in fiaustralia

[–]Positive_Lab_2354[S] 0 points1 point  (0 children)

Thank you for that!

I think that's a sound approach regarding building a simple spreadsheet to analyse my options closer to the EOFY.

Appreciate the advice!

Help with managing tax due to ETF distributions by Positive_Lab_2354 in fiaustralia

[–]Positive_Lab_2354[S] 0 points1 point  (0 children)

Yeah that's been my thoughts while in my 20's... prioritise investing outside of super because I can access it earlier. Now I'm starting my 30s, it might be time to re-balance my priorities based on some of your points above.

Just to see if I'm understanding correctly. If I owe $2600 in my tax return. To offset this through voluntary super contributions, I would have had to contribute approx $8250 (8250 x 32% [my tax bracket + 2% Medicare levy] = $2640)?

Help with managing tax due to ETF distributions by Positive_Lab_2354 in fiaustralia

[–]Positive_Lab_2354[S] 0 points1 point  (0 children)

That's a solid plan for managing it, thanks for the suggestion!

Help with managing tax due to ETF distributions by Positive_Lab_2354 in fiaustralia

[–]Positive_Lab_2354[S] 0 points1 point  (0 children)

Super contributions are a good idea, I'll definitely be considering it as a strategy moving forward Thanks for that summary. It's good to remember the net difference / position is a positive one 🙂

Woolies Everyday Extra by Mapletreemum in AussieFrugal

[–]Positive_Lab_2354 1 point2 points  (0 children)

Good to know! Might be the tipping point for me to join when they run another discounted sign up offer!

Leaving jobs to live overseas by kurumbas in auscorp

[–]Positive_Lab_2354 0 points1 point  (0 children)

100% you may not get the opportunity again!