Ben Nash’s Post

Less is (sometimes) more. These clients were paying $18k annually in #tax more than they needed to - just because they were doing the RIGHT thing in the WRONG way around. It’s common in a couple for one person to be more of a driver of money and investing. This person is often the one that will set up savings and investment accounts, and action the investing for the couple as a unit. But if that person is on a higher tax rate than their partner, you end up paying more tax than you have to. This extra tax then means less money to save and invest, and slower progress. But it doesn’t have to be this way. We helped this couple make some small changes and by saving and investing EXACTLY the same amount they were almost $20k better off every year - this money they then used to accelerate their #investment growth and asset building. There were two things they were doing wrong 1. Investing in the wrong name 2. Not debt recycling These two simple changes cut their #taxbill by $18k, and they effectively didn’t have to change anything - how much they were saving OR how much they were #investing. This is the power of using the rules to your advantage. If you want to optimise your #financialplan, what you’re doing isn’t nearly as important as how you do it.

Read our best of the week here 💰👊

It’s a common tax return mistake that too many Australians make – and it could be costing them thousands. My latest for news.com.au 💰👊

This client used a #tax hack that ANYONE can do which increased take home pay by over $2k a month - I thought everyone knew about this but clearly not, so wanted to share 🤑

What tax bracket am I in is one of the most common questions I get from people who are new to tax planning and tax strategy, and this understanding is an important first step to getting better results when you do your tax return and getting more back in your tax refund.

How much #tax you pay on an income of $400k in Australia under the #taxrules following the upcoming July #taxcuts

Part two: How is tax calculated in Australia - #tax installments deep dive. I cover how you end up with these tax payments, what they’re for, how to prepare for them, and how you can manage and reduce your tax installments.

Money saving apps can help do some of the heavy lifting to help you move forward with your money, but choosing the right apps to help you save money can be hard. I cover the top money saving apps and how you can choose the best one for you.

Growth jn the share price of #CSL stock over the last two decades, and how much money you would have made as an #investor

I have a favour to ask 🙄 Pivot has been listed by Financial Standard as a MAX awards finalist for Community Initiative of the Year, recognising our work with the National Rugby League and Rugby League Players Association (RLPA) in financial education and helping people take control of their money 🤑 We’re definitely fighting an uphill battle, because our competition in these awards is made up of multi-billion dollar super and investment funds and the biggest and best creative agencies in Australia - Pivot Wealth is the ONLY financial advice company that’s included in a finalist 🙃 I’m super proud to see Pivot up against these massive companies, but I’d like to throw down a serious challenge. The awards are decided through public voting, which is where you come in - I’d love it if you could flick us a vote and see if we can give these Goliaths a run for their money. Voting link is here: https://lnkd.in/ghDUBJ7P