Podcasts about salary sacrifice

工资预扣（Salary Sacrifice）可以省多少税？

Toby and Jon Burdekin dive into the challenges and opportunities of fleet electrification. They discuss the evolution of electric vehicle infrastructure, the growing role of salary sacrifice schemes in making EVs more accessible, and the misconceptions surrounding EV adoption. Jon shares insights on how businesses can smoothly transition their fleets while avoiding common pitfalls. Jon has 30 years' experience in the UK leasing and fleet finance industry, having previously worked for such major leasing companies as Alphabet GB Ltd and GE Capital Fleet Services.  His 15-year career with Alphabet incorporated roles as Account Manager, Head of Account Management, and Head of Consulting Services.  Client relationships that Jon had direct responsibility for included McDonald's, BOC, Shell, Oracle, Royal and Sun Alliance and the BBC. By managing such large vehicle fleets, he has gained extensive knowledge in helping clients transition to electric – incorporating all the component parts of that journey.  A subject matter expert in the adoption of electric vehicles and salary sacrifice schemes, Jon led Alphabet's Electric Vehicle proposition, AlphaElectric, and is the accredited EV and salary sacrifice trainer for both the British Vehicle Rental and Leasing Association (BVRLA) and the Association of Fleet Professionals (AFP).  Jon has also delivered EV training directly for such clients as LV=, Leaseplan, AA Drivetech, Arval, United Rental Group, SG Fleet, Athlon, Select Car Leasing, Volvo, Citygate Group, Holdcroft Group and Norton Way Motors.  Delegate satisfaction rates consistently exceed 95% and Jon is able to demonstrate measurable improvements in EV confidence and knowledge of between 60% and 300%.   Jon has run his own consultancy business since January 2019 with the aim of enhancing subject matter knowledge on all aspects of Salary Sacrifice and EV adoption, and helping clients educate their customers for the transition to 100% electric by 2030 (cars), or 2035 (LCVs).   Jon on LinkedIn JB Consulting I hope you enjoy the show and if you have any comments or suggestions, please write to me at: toby@wickedproblems.fm. Wicked Problems is powered by Adaptavis® Adaptavis is a Business Performance Management and Transformation consultancy aimed at forward-thinking leaders, based in London UK. The company specialises in helping organisations to enhance operational efficiency, drive business growth, and navigate complex transformations. From strategy to execution, they focus on providing insights and practical solutions to improve the overall performance of businesses, ensuring they can adapt to changing market conditions and achieve sustainable success. Toby Corballis is a Partner at Adaptavis. You can find out more about their work by visiting: www.adaptavis.com Enjoy, Toby Corballis

No new episode this week, so here's one of our top episodes from last year to keep you company. Figuring out your financial priorities can lead to a bit of analysis paralysis so in this episode Jess unpacks how to think through your options and make the right call for you.To organise a clarity call chat with Jess, or to check out either The Evergreen Money Growing Club or The Greenhouse Money Growing Program, click here.We hate email spam so we don't create it! Sign up to the money money money newsletter to get only the valuable money, careers and property info you need.Have a question or topic for the show? Post it in our Facebook group.To get help click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.Jessica Brady is an authorised representative of Paragem Pty Ltd. Authorised Representative No. 1259972 | AFSL | 297276 ABN | 16 108 571 875 | Corporate Authorised Representative No. 1305567. Hosted on Acast. See acast.com/privacy for more information.

https://www.medicsmoney.co.uk/fwb Register for live teaching https://www.medicsmoney.co.uk/live/ In this episode, the speakers discuss their previous live financial teaching sessions and announce two upcoming events where attendees can learn to fix their finances fast. They then replay the Q&A section from a recent session, addressing various questions about salary sacrifice and its impact on NHS pensions, annual allowance tax charges, student loan repayments versus investments, and more. The experts share insights on investment strategies, including the pros and cons of using ISAs and robo-advisors, as well as practical advice on managing GP pension records and making tax-efficient decisions. Detailed timestamps of the Q&A are provided to help listeners find specific information. 00:00 Introduction to Live Financial Teaching Sessions 00:30 Upcoming Live Sessions and Registration Details 00:53 Podcast Overview and Q&A Replay Announcement 02:30 Salary Sacrifice and NHS Pension Impact 04:18 Annual Allowance Tax Charge Explained 06:05 Student Loans: Pay Off or Invest? 08:56 Investment Strategies and Robo-Advisors 10:24 Pensionable Pay and Family Protection Benefits 14:51 Investment ISAs and Retirement Strategies 19:24 GP Pension Records and Fixing Gaps 23:02 Conclusion and Upcoming Webinars Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/ Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.com Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/ GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-partnership-programme/ Follow us on Instagram Follow us on Twitter

In this week's episode we delve into the intriguing world of salary sacrifice; when, why, and how to make the most of it. Salary sacrifice is a strategy that allows employees to exchange part of their salary for non-cash benefits. Claire breaks down the benefits, the impact of optional remuneration introduced in 2017, and the specific scenarios where salary sacrifice can still offer significant savings, such as electric vehicles and pensions. Learn about the potential implications on employees' net pay, mortgage applications, and long-term financial planning. Don't forget "Talent is hitting a target no one else can hit. Genius is hitting a target no one else can see" ⭐ Share this episode with fellow business owners, and let's grow together! ⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe   VALUABLE RESOURCES Website LinkedIn YouTube Facebook ABOUT THE HOST: Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers. As a finance director & chartered management accountant, Claire has nearly 20 years' experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business. Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn't working and where your opportunities lie. Claire's mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

In this week's episode of the Everything EV Podcast, host Richard Alvin steps in while Matt takes a break and delivers a jam-packed show covering the latest EV news from the Paris Motor Show, a concerning rumour about a possible announcement about the UK's salary sacrifice schemes, and two must-hear interviews. Richard kicks things off with highlights from the Paris Motor Show, where Renault's retro-futuristic 4 E-Tech and Audi's luxury S6 e-tron took centre stage. But it's not all smooth roads ahead—there's news of potential tax changes that could hit drivers relying on salary sacrifice schemes to afford EVs in the UK. Richard explains why this might slow down the UK's transition to greener transport. The episode also features a compelling interview with Fraser Crichton, Corporate Fleet Manager for Dundee Council, on how the city is leading the way with its ambitious EV infrastructure. Plus, Matt MacConnell catches a chat with Formula E driver Norman Nato at the Nissan Formula E season launch. Join us for all this and more, and be sure to subscribe for future episodes packed with insights from the fast-evolving world of electric vehicles! Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠EV Powered⁠⁠⁠⁠⁠⁠⁠⁠⁠ online and follow us on ⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠, & ⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 20 September 2024. The topic this week is how to salary sacrifice into super and make personal deductible contributions at the same time to lower your personal income tax. Australian’s love a tax deduction, but many people don’t … Luke on 2CC – How to salary sacrifice and make personal deductible contributions at same time to lower your tax Read More »

Is it worth contributing more to your superannuation or prioritise other financial goals? Jess from Financially Fierce talks about this plus if it's better to salary sacrifice before investing in shares.We hate email spam so we don't create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here. Hosted on Acast. See acast.com/privacy for more information.

Craig Day, Tim Sanderson and Linda Bruce discuss some key considerations when planning salary sacrifice contributions in 2024/25. Hosted on Acast. See acast.com/privacy for more information.

We delve into salary exchange schemes for electric vehicles, highlighting how these enable employees to drive electric cars while saving on taxes and reducing their carbon footprint. We explore the financial benefits for both employees and employers, the positive environmental impact, and share insights from industry experts Darren Woodall and Michael Hook from GoFor. It is important to take professional advice before making any decision relating to your personal finances. Information within this podcast is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for information only. We cannot assume legal liability for any errors or omissions it might contain. No part of this podcast may be reproduced in any manner without prior permission.

Figuring out your financial strategy around mortgages, superannuation and investing can lead to a bit of analysis paralysis. Which option should you take? A lot of listeners ask about this! So in this episode Jess unpacks how to think through your options and make the right call for you.To organise a one-on-one chat with Jess or to check out The Greenhouse Money Growing Program, click here.We hate email spam so we don't create it! Sign up to the this is money newsletter to get only the valuable money, careers and property info you need.Have a question or topic for the show? Post it in our Facebook group.To get help click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.Jessica Brady is an authorised representative of Paragem Pty Ltd. Authorised Representative No. 1259972 | AFSL | 297276 ABN | 16 108 571 875 | Corporate Authorised Representative No. 1305567. Hosted on Acast. See acast.com/privacy for more information.

در اماکن کاری استرالیا از عبارتی موسوم به salary sacrifice استفاده می شود. آیا می دانید salary sacrifice چیست؟

This week, we dive into the world of wealth-building strategies and uncover some hidden gems that can help you elevate your income without any extra costs. Ever wondered what a salary sacrifice is and how it can potentially boost your income or pension? We break it down for you, along with demystifying national insurance contributions and how reclaiming them can give a nice boost to your take-home pay. Kevin and Christian emphasise the value of salary sacrifice for all employees looking to amass wealth. Understanding the terminology and advantages is key to fully tapping into this wealth-building strategy. In the episode, we shine a spotlight on the magic of compound interest and its pivotal role in wealth building. We explore the intricacies of the compounding cycle, interest rates, consistency, and the associated risks. Tune in for an enlightening episode filled with practical financial wisdom that could be your stepping stone to a brighter financial future. Resources In This Episode:>> Birmingham Networking Meetup>> WT218: How Safe Is Your Pension? Next Steps On Your Wealth Building Journey:>> Join the WealthBuilders Community>> Join the WealthBuilders Academy>> REGISTER HERE FOR ACCESS TO FREE RESOURCES If you have been enjoying listening to WealthTalk - Please Leave Us A Review!

This Ask An Advisor, we're joined by Ellie Fordham, to answer the questions you've been talking about in our Equity Mates Discussion Group and sending through to ask@equitymates.com.Ellie has been recognised as the IFA Goals Based Adviser of the Year for 2022 and was an AFA Rising Star of the Year finalist in 2019. She has also been featured on Channel 10's The Project and has contributed to articles for the Australian Financial Review.The links we chatted about:Money smart calculator: https://moneysmart.gov.au/how-life-insurance-works/life-insurance-calculator Verse wealth: https://www.versewealth.com.au/Ellie referenced an article about Tax Debt and Salary sacrifice: https://www.abc.net.au/news/2023-09-11/how-does-salary-sacrifice-and-salary-package-work/102776984If you want to go beyond the podcast and learn more, check out our accompanying email.*****In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing Podcast acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****Equity Mates Investing Podcast is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.Equity Mates is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 16 June 2023. The topic this week for the show is: Salary sacrifice and super opportunities for the new financial year. The end of financial year is just around the corner and if you haven’t got your super contributions … Luke on 2CC – Should I salary sacrifice in the new financial year? Read More »

Glen and John discuss a question from Taizya about buying a laptop and give their thoughts on BNPL, interest-free purchases and credit card balance transfers.We hate email spam so we don't create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, resources and downloads (+ our disclaimers and warnings), click here. Hosted on Acast. See acast.com/privacy for more information.

Understanding Your Obligations: Navigating Australian Tax for Success with @eire_consulting.This week on the podcast Jenny gets into tax and how to navigate it. Her education and simple explanations help everyone who listen. Her content on instagram @eire_consulting helps simplify everything, so check it out. Listen to both parts of this episode as we go into Working holiday Visa Tax rules, Residency Tax Rules, Deductions, Salary Sacrifice, Owning an Investment Property and lots more. Listen to the end of Part Two for our Q and A.Disclaimer: Not financial advice and always seek professional advice for your individual situation.Follow @averagejoedownunder on instagram and head to the blog at www.darrenjonathon.com for more information and to keep up to date.Support by buying me a coffee to keep the content coming  https://www.buymeacoffee.com/darrenjonathonThanks DJ

Understanding Your Obligations: Navigating Australian Tax for Success with @eire_consulting.This week on the podcast Jenny gets into tax and how to navigate it. Her education and simple explanations help everyone who listen. Her content on instagram @eire_consulting helps simplify everything, so check it out. Listen to both parts of this episode as we go into Working holiday Visa Tax rules, Residency Tax Rules, Deductions, Salary Sacrifice, Owning an Investment Property and lots more. Listen to the end of Part Two for our Q and A.Disclaimer: Not financial advice and always seek professional advice for your individual situation.Follow @averagejoedownunder on instagram and head to the blog at www.darrenjonathon.com for more information and to keep up to date.Support by buying me a coffee to keep the content coming  https://www.buymeacoffee.com/darrenjonathonThanks DJ

In this episode we are joined by Gill Nowell, EV expert at UK based ElectriX, as we discuss the current state of EV adoption, the intricacies of salary sacrificing for EVs, and the impact of policy initiatives pushing towards cleaner, more efficient, transportation in the UK. Gill explains the key challenges facing the EV transition as well as busting some myths along the way. If you or your business want to know more about the electric car salary sacrifice scheme and how it can support your sustainability targets and help your employees make the switch to electric in a cost-efficient way, then please get in touch. 

1. Xpediator #XPD - Cogels Investments - Recommended Cash Offer for Xpediator PLC #XPD The boards of Bidco and Xpediator are pleased to announce that they have reached agreement on the terms of a recommended cash offer by Bidco, a newly-incorporated entity to be indirectly owned by the Consortium, to acquire the entire issued and to be issued ordinary share capital of Xpediator. Under the terms of the Offer, each Scheme Shareholder will be entitled to 42 pence in cash and a special dividend of 2 pence. 2. Block Energy #BLOE - Corporate Update Block Energy announce that it is terminating the Salary Sacrifice scheme as of 1st April 2023. The decision is based on the Company's improved financial position. Well WR-B01Za continues to produce naturally at an average rate of 274 boepd (247 bopd oil & 4,700 m3/d gas) without the need for artificial lift. The well result, combined with our continuing improved understanding of the reservoir gained by the calibration of our detailed geophysical studies, provides great confidence that further horizontal wells into the West Rustavi/Krtsanisi Middle Eocene reservoir will be successful and Project 1 achieved. 3. THG PLC #THG - THG Ingenuity announces a strategic partnership THG PLC announces a new partnership with beauty e-commerce retailer Maximo Group ("Maximo"), home to destination sites including allbeauty.com and fragrancedirect.co.uk. The 10-year partnership will initially focus on re-platforming All Beauty and Fragrance Direct to the Ingenuity platform, as part of Maximo's strategic growth plans. The partnership between THG Ingenuity and Maximo Group is expected to add in excess of £150 million GMV to the Ingenuity platform annually, with the ambition to re-platform the site by the end of Q2 2023.

This fortnight Steve & Luke Cover: The Share Market, how the recent 40% uplift in Dividends paid by Australian companies is again overshadowed by short-term share price movements. What's been happening in Property Markets. The First Home Super Savers Scheme. Recap. Is it better to use your extra cash to pay off the Mortgage or Salary Sacrifice into Super? 'I want to buy an Investment Property' let us unpack this statement. Enjoy the latest Episode.

Hey hey it's Friday, so kick back with gals as we recap the week that was, commiserate your money losses AND celebrate your money wins! And we answer a Money Dilemma about saving for a property with Salary Sacrifice, the First Home Super Saver Scheme and Superannuation.Plus...the gals talk about the ATO's latest statistics comparing income for men and women who perform the same roles. The only question we really have is...how on earth can people still think the gender pay gap is a myth? Don't miss it.Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements.The advice shared on She's on The Money is general in nature and does not consider your individual circumstances. She's on The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. Victoria Devine and She's On The Money are Authorised Representatives of Infocus Securities Australia Proprietary Limited ABN 47 097 797 049 AFSL - AFSL 236523.See omnystudio.com/listener for privacy information.

Hey hey it's Friday, so kick back with gals as we recap the week that was, commiserate your money losses AND celebrate your money wins! And we answer a Money Dilemma about saving for a property with Salary Sacrifice, the First Home Super Saver Scheme and Superannuation. Plus...the gals talk about the ATO's latest statistics comparing income for men and women who perform the same roles. The only question we really have is...how on earth can people still think the gender pay gap is a myth? Don't miss it. Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements. The advice shared on She's on The Money is general in nature and does not consider your individual circumstances. She's on The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. Victoria Devine and She's On The Money are Authorised Representatives of Infocus Securities Australia Proprietary Limited ABN 47 097 797 049 AFSL - AFSL 236523.

Financial health RATING v TREND in the checklist, fund manager performance, Ukraine war driving up mining and energy profits, CAA aluminium pass through, RBA rates, PP on MAM, Tony coming to QLD, Salary Sacrifice into super, OP/CF vs SD OP/CF, FFX sovereign risk and poor financial performance.

https://www.ato.gov.au/General/Other-languages/In-detail/Arabic/ATO-podcast---Arabic/#Episode8

Adviser and friend of the show Phil Thompson joins Glen to unpack a ton of great questions from the m3 community. They touch on:

Salary sacrifice, tạm dịch là hy sinh tiền lương, nghĩa là gì? Những lợi ích về thuế của hình thức này? Nhân viên có thể hy sinh tiền lương để đổi lấy những phúc lợi nào?

Join SD Worx and our expert payroll panel to explore all the key issues currently affecting the world of payroll!  In this episode we discuss: Right to work Guidance, Salary sacrifice, The future of pensions, The end of furlough,  Employment Particulars, Payroll Planning, Payrolling benefits and Recruiting and retaining top payroll talent!  Hosted by Founder of JGA Recruitment Group. Nick Day.  Recorded in July 2021

Join SD Worx and our expert payroll panel to explore all the key issues currently affecting the world of payroll!  In this episode we discuss: Right to work Guidance, Salary sacrifice, The future of pensions, The end of furlough,  Employment Particulars, Payroll Planning, Payrolling benefits and Recruiting and retaining top payroll talent!  Hosted by Founder of JGA Recruitment Group. Nick Day.  Recorded in July 2021

Octopus Electric Vehicles aims to make it cheaper to own an EV. WhichEV editor James Morris talked to CEO Fiona Howarth about how the company plans to achieve that, the current state of play with EVs, and whether hydrogen is really a viable alternative to battery electric.Music by Soonripe Collective.   

Glen chats with guest Hannah about some superannuation fun during the Canberra event on the m3 live tour!Grab your tix for upcoming events on the tour before they're all gone: https://www.sortyourmoneyout.com/tourCheck out The Glen James Spending Plan - use coupon code "m3x" with the link below to get this for under $50... save $20)For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/m3xshownotes

It's tax time kids! In this episode Sarah Pyke from Altus Financial joins Glen and John to answer your tax questions around:

Do private consultants need to charge VAT?  Todays episode started with a simple question from a podcast listener but escalated quickly into a discussion about Annual allowance pension tax charges Marginal tax rates Use of Limited Companies IR35 Income protection Wills and POA Pensions tax trap with salary sacrifice It's a bumper episode, split into two parts.  The accountant featured today is Andy Pow and you can contact him here https://www.medicsmoney.co.uk/accountant/mazars-llp/ The IFA is Nick Nesbitt and you can contact him here https://www.medicsmoney.co.uk/accountant/mazars-financial-planning/ Want to stay up to date with the latest financial information for doctors? Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter  https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney  

Steve goes it alone in this episode due to some very wonderful news for Luke! In this episode he chats about identity theft, salary sacrifice and capital gains tax. Don't worry - Luke will be back for the next episode.........

Vince Scully from Lifesherpa jumped in the ring with Glen and John to deep dive into the idea of paying off your mortgage vs investing elsewhere. The chat touches on:

Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Scott: “Hi Louis, I am currently in my 30s and have recently bought my first home. I would like to get your view if I should take advantage of low interest rates and start to put additional funds into my mortgage or if I should be thinking long term and investing instead. My mortgage is around $580,000 and I would like try to get this paid off as soon as possible but at the same time, know that investing could put me in a better position. Would love to get your thoughts on this.” Great question - Invest or pay off debts – This episode is general in nature - This isn’t personal advice – look at the pros and cons of paying off debt versus investing – look at the opportunity cost of each situation What is the right thing to do? Depends on your goals and financial position – one strategy isn’t right for everyone Someone in their 20s – may be better to invest – have long timeframe for funds to grow - Someone in their 50s – may be better to pay debt First step is to look at your overall levels of debt – Not talking investment debt here – but bad debts – the non-deductible debt – costs cashflow and has a negative compounding return from the interest Also depends on how much debt you have and your LVR – if you have no savings – better to save a little before investing Example – if you have bought your PPR for $600k – but have $550k of mortgage on this – might be worthwhile to focus on debt repayment for a little while – Put yourself back into an 80% LVR – protect from the bank coming for your house if values went through a massive decline Also – have the potential to refinance for a better rate – sometimes banks can give you a worse rate if you are seen as too much risk Say you are on a decent interest rate and have an LVR of below 80% - what is best to do Concept of hurdle rate – this changes over time – based around interest rate movements versus long term return potentials Question - What is the minimum benchmark for opportunity costs? You want your money to work for you – so need to price it into the equation – Little point saving at the moment beyond having enough in emergency funds So what is your opportunity cost for your money? Say it is 5% p.a. – then mortgage repayment at the moment is below this level Interest costs versus return potentials Interest costs are to your income only – Debt levels don’t grow Investment returns also change – have an income level but also growth – Have to take into account the potential for inflation – Inflation is your friend if you have debt Inflation is not your friend if you have cash savings or an investment Both situations eats away the real returns Current situation – Low interest rates, low inflation, uncertainty in the markets – But any strategy is long term – but has to adjust over time – The long term outcomes focus here – given in your 30s – long term game – mortgage has a 30 year timeframe Looking at the options - Investing – two options here - Personal or super through salary sacrifice Personal investing – would need to select funds that can be invested on a monthly basis Or alternatively – save up lump sums against your mortgage in an offset account and then invest once you reach a level Salary Sacrifice – put funds into super pre-tax – would gross up the level overall - depends on your own personal income Or if you are in a low income bracket – or a partner or spouse is – below the $38k p.a. level – can place in funds to super as a non-concessional - $1k gets the $500 bonus But super would only be an option if you are either getting closer to retirement or don’t mind going without the funds until preservation age – so would by 20+ years Extra Mortgage repayments – Offset accounts versus paying down the mortgage Lets say that you have an interest rate of 3.5% p.a. on the $580,000 – total repayments of $2,608 p.m. Interest costs of repayments would be $1,692 p.m. – total interest cost of $356,600 over 30 years Examples – Say you have spare cashflow of $2k p.m. = $24k p.a. Mortgage repayment – put $2k p.m. onto the loan – reduce your mortgage down to about 13.5 years from 30 year period - you would save $212,805 in interest Investing in a fund – gets 8% p.a. on average – put in $2k p.m. – same time period of 13.5 years (162 months) Total investment value is $584,112 - however similar to the mortgage you have contributed funds – Contributed funds is $324,000 - The growth in assets is $260,112 So the difference – interest saved versus the growth of the investments Interest of $212,805 versus growth of $260,112 = $47,307 in additional value But what happens after this? 14 years’ time – you have a mortgage paid off – or around $400,000 left on the mortgage if you keep making the minimum repayments Now you have another choice – keep investing or make additional debt repayments Say from the 14 year mark – if you have your mortgage paid off – you can put $4,608 into an investment now that your mortgages are paid off – or the other scenario – you don’t have the mortgage paid off – keep making the $2k p.m. Investing in 14 years at greater level = $1,897,510 in 30 years Taking into account the interest saved of $212,805 – total value is $2,110,315 Or keep on the original path by making $2k p.m. = $3m invested So almost a $900k difference over 30 years Present value of situation – assuming inflation of 2.5% Repaying mortgage then investing = $897k Investing along the way = $1.42m Passive income point of view – assuming a 5% income yield off the investments Income of $150k versus $95k – both scenarios the mortgage is paid off and one has a higher income – Assuming no super here – which would boost the income on top of this Over 30% more income personally So what is best? Based around the numbers – investing As long as you have enough in the offset or LVR is low enough – investing A lot of it comes down to individual situation and preferences If you have 30 years and time on your side – helps to get the most into investments now to grow over time Hypothetical – say interest rates kick back in – goes up to 5% - obviously interest payments would go up Interest costs would go to $540k for the life of the loan – up from $356,600 – so making additional repayments – would save $332k as opposed to $212k Say interest rates go further – The break even for hurdle rate would be around the 7% to 8% p.a. mark - Shouldn’t be set in stone – have to be flexible to the world around us – but at this stage – monthly investing based around some illustration examples would provide a better long-term outcome Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

We recorded an episode about tax and in that we tackled a great listener question about salary scarificing into super vs making super contributions personally - have a listen to what we discussed with Scott Young from Altus Financial.Have a listen to our full tax episode: https://player.whooshkaa.com/episode?id=665208Find us on YouTube here: http://bit.ly/38UHJM5

The second in our Thinking EV series.

In this podcast we discuss new legislation effective 1 January 2020, that prevents the reduction of superannuation guarantee contributions when an employee chooses to salary sacrifice. See acast.com/privacy for privacy and opt-out information.

Over the past couple of weeks we've taken a look at how income tax and National insurance work. For those of us who are building wealth, the logical next step is how to save money on those taxes using some useful reliefs.

Salary Sacrifice, Tweet of the week, What did you fall through, Are your sisters simple, Glossy, Did your mum not recognise you, Impersonations, Caller of the week and week in review! See acast.com/privacy for privacy and opt-out information.

Jock and Journo's Scott Pendlebury and Jay Clark discuss, (00:50) Jordan De Goey's screamer, (01:40) De Goey chat review, (03:35) How good can De Goey be?, (04:10) Collingwood's culture, (06:00) Player salary sacrifice, (08:04) Grand Final rematch, (09:10) Darcy Moore, (12:00) Collingwood ball movement, (14:00) 6-6-6 warning tactic, (16:40) Jay with umps on Sicily decision, (17:00) Get rid on the close fist punch, (18:21) Pendles on 6-6-6, (20:00) Cox incident, (21:00) Blocking off the ball, (23:00) West Coast review, (24:30) Pendles on watching West Coast Eagles GF doco

Salary Sacrifice HackSubscribe: https://goo.gl/vvWZTwDISCLAIMER: This Podcast is for general knowledge and entertainment purposes only and should not be considered as financial advice. You should research before making decisions. If you are unsure, you should contact a qualified financial advisor before making decisions.Correction: * The Salary Sacrifice date ends on the 31st March each year *Superannuation Account: https://youtu.be/Y2_V23Tmja8Salary sacrificing helps you to increase your retirement savings and at the same time reduces your tax payable.The greater your salary the better the tax saving you will receive from salary sacrificing.

Welcome to Finance & Fury, the Say What Wednesday edition, where we answer your personal finance questions each week. Today’s question comes from Tara;  “Hi Finance & Fury, love the show! I was wondering whether you would be able to provide advice on the best way to invest $1,000 - $2,000? Would love to hear your suggestions?” – Tara Awesome question and thanks for getting in touch! Not technically allowed to provide ‘advice’ – but I can give a general outline on what to look for when starting to invest. Starting to invest is hard - especially when you don’t have 10s or 100s of thousands of dollars. Hard to get diversification Hard to get low cost Hard to get in based on minimums Where to start What are your goals? How long is it for? – Investments should be made for the long term. If you’re at a timeframe under 3 years, I probably wouldn’t suggest investing at all Will you need to access it at any point? – If yes, how long? If you need to access the funds in the short term (3-5 years) something more defensive would be better If you’re looking at longer (7-10 years), it’s safer to invest in growth assets If you’re looking at an even longer time frame, or you don’t need the funds until you’re 60, you could consider a different environment all together, like super. How much risk do you want to take on? Determines the allocation between growth to defensive Will you be making further investments? Determines what type of investment Buy sell vs brokerage – fixed dollar transaction costs can really add up when compared to costs that are based on a percentage of the investment amount. Keeping costs low Transaction costs Brokerage can start eating away into your capital Buy Sell spreads Platform costs/Brokerage accounts Accounts charge Getting diversification at low costs With $1,000 your investment options are limited to get many different underlying funds Need a range of shares across different countries. You need a range of asset classes as well.  Some scenarios Let’s look at 4 different options for investing $1,000 Shares Purchase one share for $20 brokerage (2% transaction cost). This is not great. Direct shares – One share offers no diversification and is open to high volatility LIC – Has diversification, but in one asset class with about 20-50 holdings on average Managed funds Buying directly from the manager isn’t an option as they have minimum initial purchase amounts ranging from $10,000 to $500k Platform Purchase managed funds on a platform to get around the minimum buy-ins Platform – Probably looking at $200 in admin costs per year = 20% of the value in this case. ETF Single ETF – you can get an index fund, which provides a fair amount of diversification within an asset class Multi-managed ETF – Single purchase for $20 brokerage, you could pick up 7 or more other indexes Superannuation Contributing to invest inside superannuation – WARNING: won’t have access until you’re 60 years old – so this is for the very long term Non-Concessional (Personal) Contribution (NCC) Works well for those with a low taxable income (less than $36k including Salary Sacrifice or Fringe Benefit Tax) Post tax contribution No contribution tax paid going into the account (Low Income Superannuation Tax Offset). This is capped at a maximum offset of $500. Effectively turns $1,000 into $1,500 invested – in addition this sits in a lower tax environment Example – buy the same investment in super as a NCC vs buying an investment personally (outside of super) Assuming 8% p.a. for 30 years Personal - $1,000 at a 21% tax rate = $7,960 Super - $1500 at 15% tax rate = $12,770 (60% more over a 30-year period) Concessional (pre-tax) Contribution (CC) Better for those with a higher taxable income, but look out for the concessional contributions cap Contribute $1,000 and reduce your taxable income by that amount by claiming a tax deduction on it. E.g. Earning $100k = $390 of tax back personally. Effectively turns $1k contributed into $850 invested, once super contribution tax has been taken out In Summary Look at the diversification! Compare the upfront and ongoing costs Make sure it lines up with your goals and investment time frames As always, if you have a question you want answered on Finance and Fury, get in touch with us on the Finance & Fury website contact page.

Kayley Harris speaks to Mark Welch from EPG Wealth. Kayley and Mark talk to a few callers about Pensions, Investments outside Super and the importance of Salary Sacrifice.

Welcome to Finance and Fury   Welcome to the New Financial year – looking back on the year, are you in a better or worse financial position than you were this time last year? Today’s episode we’ll be looking at how to be in a better financial position this time next year.   Ways to get ahead in your finances The compounding effects of the little changes in behaviour and things you do everyday   What does a “better position” actually look like? In general terms – there are categories we can look at Build wealth – start investing Reduce tax Save money Increase income – Salary, investments Hard to generalise with these broad goals: That is where having predefined, specific goals comes in   What are your goals? “New Year’s Resolutions” Not many people stick to new year goals – Why? There can be too many. Normally people think this is good, to have a lot of goals But if these are similar to last year and you didn’t make it, why might that be? Hard to go from 0 to 100 overnight – Inertia – something continues in its existing state (rest or in motion) unless it is changed by external force Hard to start a train and get it to top speed – takes a while. This is similar to investment or a personal finance strategy Example: say you have 10 goals – all new things that you’re trying to implement, maybe its investing in shares, reducing tax, buying a property, generating $50k of income in 5 years from investments, etc. …but, where do you start? And how? Information overload sets in and you go back to your old ways pretty quickly – It is safe and easy   Finding “motivation” is rubbish   What people search for is a moment of inspiration to get the ball rolling It never comes – Why? Motivation comes from a positive feedback loop – do something good, dopamine is released in the brain, you then want to do this again Think about it, you don’t need to find motivation to indulge in anything Part of the problem is that bad things compound as well   What you can do to get ahead now How do you motivate yourself to invest? Motivation is a lie, there will always be something better to spend your money on than your future security and financial independence. How to start? Sometimes there can be too many things to change at once Start small – pick one thing What is ONE financial behaviour you would change?   Small action = dopamine = larger actions. The best way to get over slumps – a little momentum to start and it takes off. Once you get enough of a craving for the feeling of saving/investing, it is hard to stop Remember: Almost impossible to go from 0 to 100 – like the train, it starts off slowly, but then don’t get in its way once it’s going.   My personal habits: Wanted to share the things I have done to help for 14 years now – it didn’t happen overnight Chipped away – little things over time – Easy and sustainable way From about age 16 I wanted to be able to save $10,000 p.a. to invest Living at home and working at a pizza shop while at school this was fairly easy Minimum wage of $14 per hour at 14 hours a week Went to uni – it got a bit harder to save that much Studying engineering at the time before changing to Economics and Commerce, playing rugby with UQ – 3 training sessions a week and most of the day Saturdays – Lost time working, plus weekly physio visits Tearing my knee for the 3rd time – Gave it up, started working more, labouring as well When working: was earning much more full time in financial services – I upped the saving target to $25,000. I needed to change some habits to increase this. Preparing lunches for work - $20 for meat, $3 sauerkraut, $3 on feta, $5 on avo, olives and nuts $30 per week, versus $75 ($15 min per day) – Save $45 per week How it got there? Took a plan What was something I could eat – every day? Would it save money and time? Total time – 2 hours to prepare per week – But I eat at my desk, 30 mins a day for lunch = 3.5 hours per week Salary Sacrifice into super - $100 per week since 2011 Save for long term - Invest $85 instead of $65 per week after tax. Hitting Saving targets each year but reinvesting the income That grew over the years - compounding returns when income reinvested That is the process to improvement – one small thing at a time.   Financial habits are built through the positive feedback of cue, action, reward. These decisions years ago have improved my position now. That is the relationship with good habits – Keep improving slowly over time Pareto distribution – 80/20 rule. 20% who have 80%, they have been able to grow good habits, compounding effects It is as simple as investing and waiting - $20k today would be $80k in 14 years at 10%   The past determines your present – all actions Your future is determined by your actions from now up until that point   You can negotiate with your long term, or “future-self” Bank hostage negotiation – But it is all inside your head– The desired outcome is hostages survive, bad guys give up and that you don’t lose money You don’t want to have the future outcome with no funds in the vault and chalk outlines on the floor Always something trying to steal your money – Just don’t give them the helicopter to get away But if you hit the future and aren’t where you want to be, where does that leave you? That is where further self-doubt kicks in – unrealised expectations   What is one thing that you can do to better the future self? Starting sooner rather than later – There wont be much joy in starting, but ‘all good things comes to those who wait’ – means that if you wait it out and just start at one thing, keep at it, you will start getting the motivation to keep going, and increase speed.   Time can be broken down into the following: Past – What has gone on – All of your life events to this point This dictates a few things – Behaviours and habits, and we all have habits that creep in over time Most people may have been financially secure if not for making bad choice in the past Present – The now – What are you doing? Most peoples’ financial security comes from employment income What happens if you were to lose this today? Is there enough to survive? Future – This is where goals come in - What you want to achieve needs to be defined Plans and Goals With the one goal – breaking it down SMART – or What, How and why? Implement it and adjust along the way – Over time (30 – 90 days depending) it will become a habit… and then once this is a habit and takes no effort, implement the next goal on the list!   Thanks for listening everyone! I hope you all can make a small change today, that your future self will thank you for :) Remember, feel free to ask any questions, or even how you can achieve financial goals! 

Episode 51 – Can you pass the financial literacy test Want to minimise the chance of living off nothing but a meagre age pension in later life?   There’s a great proverb that I heard many years ago and have never forgotten “a fool and his money are easily separated”. So how do you ensure you’re not the fool? The solution is to have at least a basic understanding of the financial world. We call this Financial Literacy. That doesn’t mean you need to become an expert – you can hire people for that. But you need to know enough to be able to sniff out a bad deal, and to avoid those big missteps. You need to be able to understand the risks you are taking, and gauge whether the likely return adequately compensates for that risk. So, today’s post takes on a question and answer format. Let’s see how you fare when it comes to financial literacy.     Question 1 You log onto your internet banking and your credit card shows an available balance of $7,400 and an account balance of $2,600. Should you make any repayments on this account? The answer is YES. The account balance is the key element here – this is what you owe, and if you don’t repay it, you will pay significant interest. Many, many people look at the available balance and think in terms of “well I’ve got that much still to spend”. I very much suspect banks present this figure hoping you will do exactly that. This available balance mentality is what traps a lot of people when it comes to credit cards. Focus on what you owe, and get this down.   Question 2 Let’s stick with credit cards for a moment longer. Say you have a credit card where you owe $2,000, with an interest rate of 18% and you pay only the minimum repayments each month. Assuming you don’t spend any more on that card, how long will it take you to fully pay it off: less than 5 years, between 5 and 10 years, or more than 10 years? The answer is that it will take you over 15 years to pay off your credit card if all that you do is make the minimum repayments each month. You’ll pay a fortune in interest too. Just like with the available balance mind tricks, the banks requirement for a minimum repayment is not because they are your friend. They want you paying as much interest as possible for as long as possible. Ideally you would repay your credit card every month in full so that you avoid paying any interest. If you aren’t able to do that, then certainly ensure you pay considerably more than the minimum suggested by your bank. And of course if you find credit card debt to be a problem, have your limit reduced to minimise the potential damage. You could have the limit reduced to $1,000 for instance – enough capacity to buy some concert tickets online, or deal with a short term emergency, but not so much room that you could dig yourself into a really deep hole. You could go the whole hog and do without a credit card altogether, though in the modern online world I would certainly find that challenging.   Question 3 Your Gross salary last month was $6,000 and your Net salary was $4,500 - how much was paid into your bank account? The answer is $4,500. I find a lot of people get confused between gross and net salary, and I guess they are quite jargon sounding terms. Your gross salary is what you employer pays out. If you’re sitting down for a pay review and your boss talks about giving you a pay rise, they’ll be talking about your gross salary – how much they pay to have you on the team. But what is more interesting to you is your Net salary – how much actually goes into your bank account. The difference between Gross and Net salary is mainly deductions for tax and superannuation, though you may have other deductions as well, which leads nicely into the next few questions on the most common other form of deduction from your gross income – Salary Sacrifice.   Question 4 You catch the train to work in your office job. You have a 3 year old car which you own debt free, and it’s meeting your needs. One lunch break you listen to a presentation about how you could salary sacrifice to buy a brand new car. They suggest you will save tax. Should you take up this opportunity? Whilst there will be circumstances where salary sacrificing to buy a car might make sense, this is certainly not one of them. For starters, you don’t need another car! When you salary sacrifice to buy a car you are borrowing money to finance the deal, and then paying it back through your normal pay each fortnight. That means you’re paying interest on a loan – a cost to you. Also, because they always focus on new cars, the amount tends to be a lot, usually far more than you would spend if you were just going out to buy a car on the weekend. I’ve seen so many times where people buy a car via salary sacrifice for say $60,000, when if they were just out shopping for a car with their savings, they’d never spend that much. Cars are really bad investments, in fact they’re not investments at all. They cost you money to keep, and they decline in value from the moment you take ownership. Whatever marginal tax benefit you might get is well and truly swamped by the interest you’ve paid for a car that you didn’t need, and will be worth a fraction of what you paid for it in 5 years time.   Question 5 You work full time as a veterinary nurse, and have recently paid off your home loan resulting in you having some money available to save. You’re 50 years old and are wondering if you should work on adding to your super given you’d hope to retire in 10 years at age 60. Should you look into salary sacrificing into super? The answer here is a clear Yes. Now superannuation in Australia is complex. There are limits as to how much you can contribute, limits on how much you can convert to a pension in retirement, and of course whatever money you put in their can’t be accessed until you satisfy a condition of release – typically over age 60 and retired. So adding to your super is something to think through thoroughly, and I would suggest, get some professional advice on. But for many people, salary sacrificing to super in the scenario presented would be a great idea. When you salary sacrifice, the money is coming out of your gross salary. So remember, this is the higher amount, before any tax has been deducted. Now it’s not a total tax free situation, because when your contribution hits your super fund it is taxed at 15%, and more if you earn over $250,000. But paying 15% is likely to be less than the tax you would have paid had you not salary sacrificed and simply taken the money as cash. So salary sacrificing to super is typically a financially sensible thing, whereas salary sacrificing for a brand new car that you don’t need is typically not financially wise.   Question 6 Which of these is an investment asset? A new leather jacket, a new Mercedes SUV, an $8,000 carbon fibre road bike, or an ETF? Whilst the first 3 options here may well give you pleasure, and of course that has value in its own right, none of these should be considered an investment asset. Only the ETF – Exchange Traded Fund is an investment asset. So what is an investment asset and why should we care? The core distinction is that investments are expected to either increase in value over time, or produce income that you can use. Often investments will do both. The jacket, the new car, and the bike will achieve neither of these. I find some people, especially when buying very expensive items like luxury cars, try and justify that it is an investment and not an expense. And whilst I’m sure there are some cars that are truly collectable and will rise in value over time, these are not the type of vehicle most people are talking about. They’re making a lifestyle purchase and trying to fool themselves into thinking it is financially sensible. If you want the luxury car, fine. The goal isn’t to be the richest person in the cemetery, and so if that makes you happy, and you can afford it, go for it. But do recognise that you are buying something that is losing value all the time, and costs money in insurance, registration, fuel, and maintenance, during its life time. In a financial literacy context, recognise the difference between an investment asset, and something that is really an expense.   Question 7 If you bought a share for $2.00 and it rose in value to $2.50, is it true to say it has risen 50%? Sorry to stress your brain with a little maths here, but one of the most common ways that people get taken for a financial ride is that they don’t understand percentages. The answer here is no. The share has risen by 50cents, which given an initial purchase price of $2.00 means it has risen 25%. We’ve all got calculators in our phone so there’s no need to be a maths wiz. If someone is putting a financial proposition to you in percentage terms, and you can’t easily turn that into dollars and cents in your head, then pull out the calculator and do the numbers. Let’s say you were listing your home with a real estate agent and expected to get $700,000. One agent quotes you a flat $10,000 to sell your property and the other quotes 1.9%. Now the less financially literate will think “gee $10,000, that’s a lot of money. But only 1.9%, that’s not very much, I’ll go with that guy.” Yet actually the percentage option will result in a cost of $13,300, more than the flat fee. So recognise that percentages can deceive and don’t hesitate to pull out the calculator if you’re unsure.   I think that’s enough of me being quiz master for today. Financial literacy can include a whole lot more – budgeting, being able to calculate your net worth, understanding compound interest, and having appropriate insurance in place to name a few. The Money Smart web site is a great resource and I’d highly recommend checking that out to further educate yourself on the basics of financial literacy.   Important Information: This information is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on the information contained in this publication.

Stephen Newton is the Founder and Managing Partner of Elixirr. Elixirr are the entrepreneurial ‘Challenger Consultancy' with a team of 130 across the UK, US and Africa. Elixirr span the whole spectrum of advisory work from advising major blue chip companies on operational strategy through to advising and investing in start-up businesses through their Elixirr Capital arm. They also have one of the coolest Consulting websites I've ever seen – www.elixirr.com Stephen is a serial entrepreneur and his story shows the importance of determination and persistence when it comes to successfully achieving your goals. Prior to launching Elixirr Stephen launched 3 start ups and although they each failed for different reasons the lessons Stephen took from these ventures set him up for later success with Elixirr. We dive in to so many topics in this interview including: Stephen's journey and what you can learn from it. Why Consulting is the most entrepreneurial career you can have in the corporate world. Why fixating on your salary is holding your career back and what you should focus on instead. The importance of an entrepreneurial mindset for employees and how you can cultivate it. Stephen's career advice for millennials. And much much more! You can find out more about Stephen and get in touch with him through Linked In – https://www.linkedin.com/in/stephen-newton-3b331a15/ - and find out more about Elixirr at www.Elixirr.com Specific things we discuss in the show: We:Bo Fitness App - https://www.webofitapp.com/ Stephen's Blog on the entrepreneurial mindset for employees - https://www.linkedin.com/pulse/moving-from-employee-entrepreneur-stephen-newton/ Stephen's blog on the characteristics of an employee and an entrepreneur -https://www.linkedin.com/pulse/difference-between-employee-entrepreneur-stephen-newton Elixirr's Salary Sacrifice scheme we discuss in the show - https://www.elixirr.com/2017/06/54-return-team-salary-sacrifice-scheme/

Key points Under a pensions salary sacrifice arrangement an employee gives up part of their cash salary in return for pension benefits Typically the employee's salary is reduced by the amount that they were previously paying as employee contributions to a pension scheme and the employer pays an equal amount to the pension scheme as an employer contribution Salary sacrifice results in cost savings on National Insurance contributions To introduce a salary sacrifice arrangement an employer needs to vary the terms of the employee's contract of employment As salary sacrifice involves a reduction to the employee's salary, it could have some disadvantages (though most of these can be avoided if the arrangement is set up carefully)

Damien Fahy of www.moneytothemasses.com talks to Andy Leeks about money. This week, Damien talks about salary sacrifice. What is it, why should you do it and what are the down sides? With the uncertainty of the EU referendum, Damien gives a great tip to those who are thinking of exchanging some currency in the coming weeks. Finally, Damien talks about a new comparison tool that can help you to choose the best estate agent - check it out below Compare Estate Agents - Click to compare Estate Agents in your area 80 20 Investor - Click here to find out more about Damien's 80 20 Investor service.

This week's show looks at the impact of this week's court ruling on holiday pay entitlements, why people choose to leave their natural heirs out of their will, and how salary sacrifice can be used to save tax See acast.com/privacy for privacy and opt-out information.