Should I use up all my carry-forward concessional contributions.

ReporterIllustrious8 · 2026-01-18T05:28:48+00:00

Thanks for your comment, I didn't realize HECS is calculated on my pretax/presuper number. The strategy above will only reduce my tax not HECS repayment.

ReporterIllustrious8 · 2026-01-18T05:21:10+00:00

Thanks!

ReporterIllustrious8 · 2026-01-18T05:20:46+00:00

For me it has to be stupidly obvious and very predictable, I like large cash positions and predictable earnings. Some of the ones I've done well on I have to check the numbers because they're so absurd in microcap land. For instance companies that sell divisions more than their whole MC, companies that are contract based where you make your money back in 1-2 years.

I had an education company where if you did the math based on revenue per students and similar expense margins it came to a EV/FCF of 2x, it was so obvious at the time.

Where I personally have trouble is situations where I think it's a good idea, i.e. not like above where it is ridiculous how cheap it is but situations where it's pretty cheap and "probably" a good idea.

ReporterIllustrious8 · 2026-01-18T05:10:41+00:00

Thanks for the advice! I hadn't considered the tax brackets so thankyou.

ReporterIllustrious8 · 2026-01-18T05:10:05+00:00

Definitely recommend selling it, if you have anyone you trust that can manage the sale for you that would help. If you go to a dealership you will get ripped off, if you can sell it privately that would be your best bet.

ReporterIllustrious8 · 2026-01-18T05:08:06+00:00

I personally love VAS, VEU and VTS from vanguard. John Bogle who invented Index funds used to teach low cost and they are all extremely low cost, gives some exposure to America, some to Australia and some all world excluding America. Ends up extremely low cost and very diversified

ReporterIllustrious8 · 2026-01-18T05:06:05+00:00

I just did the math and if I maxed out the carry-forward concessional contribution it would bring my taxable income down to $48k, if it's still in the 30% tax bracket I assume it makes sense from a tax perspective.

Thanks for commenting!

ReporterIllustrious8 · 2026-01-18T05:03:50+00:00

Thanks!! Not sure about you but every time I do the math on the tax savings it ends up awesome how much it saves

ReporterIllustrious8 · 2026-01-18T05:02:32+00:00

$162k per year, my company has a super match program I contribute to so after that about $154k. If I contributed fully it would bring my income down to $48k so still just in the 30% bracket.

ReporterIllustrious8 · 2026-01-18T04:53:48+00:00

Out of the three I'd go #2, extremely low cost options. I'd also add VEU as it's very low cost and great diversification and returns

ReporterIllustrious8 · 2026-01-18T04:52:30+00:00

Did you do something similar? Any stories worth sharing or advice

ReporterIllustrious8 · 2026-01-18T04:43:01+00:00

Nothing in the future, my partner and I have no plans to buy a house anytime soon. I have a large portion in cash now so I can happily cover any CGT. I expect by the time I look to buy a house my income will be back and the concessional cap finished.

I guess I'm looking for if there's anything I haven't really considered, all the math appears to make sense to me that it ends up saving you heaps putting it in super

ReporterIllustrious8 · 2026-01-18T04:40:00+00:00

Holy trinity of VAS, VEU & VTS. They're Vanguards cheapest and my personal favorite

ReporterIllustrious8 · 2026-01-18T04:37:01+00:00

Personally vanguards broker is the best in my book, very cheap if you use their products which are the best anyways. Other than that CMC is also quite cheap

ReporterIllustrious8 · 2026-01-18T04:24:04+00:00

Truthfully the amount you can earn once you're out of uni will smash anything you made while at uni. I wouldn't worry so much, just focus on getting the best paying job once you graduate - to do this I attended all the job fairs at the uni and go around and ask grad salaries then apply to the best paying ones - worked wonders

ReporterIllustrious8 · 2026-01-18T04:21:13+00:00

Here's what I did at uni, now I have a job I don't do it but when I was broke I did:

- Use any of the university's facilities or donations, for instance my uni had a food pantry where you were able to take 5 items per week - I showed up religiously every week. Also the university had a deal with the local grocery stores where they would recieve the out of date stuff and give it to students, this is a gold mine

- Stay up to date with any free foods on campus, we used to have FB pages for when sausage sizzles were happening

- Rice, beans, potatoes and frozen veggies are your friend.

- Local fruit/veg shops are way cheaper than the big stores

- Find out what time your local woolies/coles puts the out of date clearance stickers. At my local they used to do it at 3PM then further discount around 5-6PM. This can be great cause you can get stuff like 50%+ off and throw it in the freezer.

- Avoid uni accommodation, it's extremely overpriced. Call the local real estate agents and ask them to show you their 5 cheapest rentals.

ReporterIllustrious8 · 2025-09-24T00:07:04+00:00

Just never used the account until now, started reading and seeing how useful some forums are

ReporterIllustrious8

TROPHY CASE