Brett,

Is this what your accountant recommend?

I believe there’s real risks associated with this structure. You never know when you will be liable for damages arising out of your contracting work. When you have a house under the company name, people are much more likely to sue you.

Plus then there’s the CG tax exemption you don’t get.

I…[Read more]

I heard of trust being sued by beneficiaries for unpaid distribution. But I only “heard”, nothing to substantiate. Tho it sounded legit.

People and relationship change overtime, and people are influenced by people. Your lovely neice may one day have a boyfriend/girlfriend who is a lawyer and discover that she may sue you for unpaid distribution…[Read more]

Am I missing the obvious here? If you have $400K cash, can you not:

1. Buy a house for yourself to live in for $400K or under (pay outright)
2. Take out an investment loan using the house as security
3. and use the loan as deposits to finance other investment purchases?

In theory, assuming you buy a house worth $400k, you could borrow $320K…[Read more]

My goal is to be a ski bum. Ski all over the world. Ultimate desitnation: Hokkaido and Alaska. Yes, telemark, backcountry, the wild stuff. When I don’t ski, I spend time with my gf/wife/kids or go to karaoke till 4am.

And my aim is really quite simple: Net $100K/year. Not that hard to achieve, I don’t think. Just starting out is not that…[Read more]

oops and my email is [email protected]. Many thanks.

I think salary sacrifice isn’t a very productive way of saving tax for people who still have many years left to withdraw from Super fund. But then I suppose people can argue any share fund you choose should be a long term investment anyway.

JWalker