Hello Everyone,

I’m a newbie so forgive me if some of this doesn’t make sense. I’ve just visited my accountant and I’m a bit confused. I use my own company in order to do IT consulting (personal services income) and I asked about using the income coming in to invest in property. He said that I wouldn’t be allowed to do that because I would lose some benefits such as employer super contributions concessions and others I can’t remember at the moment. He also said that if I invest using my company, the 50% CGT concession also doesn’t apply. After showing me a few quick calculations, he said that i would be better off owning the properties in my own name.

I’m confused as I have this money coming in and I’m told I’m not really allowed to invest it.

Would some sort of trust be the way to go? I’m not that familiar with trusts so what would be the best way to educate myself about trusts before going to visit my accountant again? I’ve heard of Steve’s Wealth Guardian (which seems to be sold out) and Trust Magic. What resources do people recommend?

Thanks everyone!

Zedz