Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 7 June 2024. With the end of financial year just around the corner, this weeks topic looks at the issues around selling your investment property and putting it into super. There are some reasons to consider this strategy, especially if you’re approaching retirement age. Thank you for joining us live on 2CC or your favourite podcast streaming service.
Key topics covered include:
- What are the things to consider around keeping an investment property?
- What are your needs given the value of the asset?
- What is the true yield (net income) of your investment property? Don’t just look at the rent, there’s costs too, rates, insurance, strata, and so on.
- What is the cost structure of the investment property?
- What’s the best use of those funds?
- Is liquidity important to you? Do you have things you’re planning to spend money on?
- How much can you put into super? Can you claim a tax deduction to offset a capital gain if you have one?
- Think about timing to make sure you can sell your property and get it into super.
- Luke shares his top tips around selling an investment property, super and retirement planning. Seek advice if you need help.
Have you thought about selling an investment property before you retire?
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement. Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can catch up with ‘The Strategy Stacker - Luke Talks Money’ podcast at a time that suits you.
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Негізгі бет Should I sell my investment property and put the money in super? It depends on a range of factors!
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