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CBA $300 wealth package (I'm not promoting them b/c right at this moment I'm not happy with my structure) however, for $300
I have no fees on any accounts or any of my 4 mortgages and I get a free credit card (which of course I don't use). I think that's pretty darn good. Aah yes and I get .7% off standard or 0.15% off fixed.Just for those that don't like to pay upfront a reminder its alot easier to claim $300 on your tax if you have 1 IP than to run through all your accounts trying to claim all your fees for the year.
Hi all,
Andrew we are in a similar boat to you. We've just purchased a property as our PPOR with land at the back to build 3 townhouses.
I'm debating about a company and/or family trust before we settle on the property). My husband and I earn a professional income that is nearly the same. He however is a contractor and I a full time employee. We both have an IP each (purchased before we got married).
I've been told that setting up a family trust is pointless when both our children are just 1 and 3 and you can't distribute much to them and both of us earn the same. I'm not sure if this is true or we are missing any other benefits with the family trust.
I'm also looking for a great accountant in Melbourne (who of course doesn't charge the earth) and specializes in property. Any recommendations would be appreciated.
Thanks,
Margaret
