😉 Hey, there has been an update to this video for FY25. Watch it here 👉kzitem.info/news/bejne/k22vwJuhbHODdYo&ab_channel=RuiShi
@paulchilvers5032
2 ай бұрын
Even at $22,575 the comparable value to 2012 is less than $17k accounting for over 33% compound inflation
@twisterli9177
Ай бұрын
I thought low income tax offsset ended 30 June 2022? www.ato.gov.au/forms-and-instructions/low-and-middle-income-earner-tax-offsets
@paulchilvers5032
2 ай бұрын
Particularly important considering that the 'headline' tax free threshold of $18,200 hasn't been increased since 2012!!!
@OZRuiShi
2 ай бұрын
Thanks for pointing that out. Absolutely! It's quite remarkable that the 'headline' tax-free threshold hasn't increased for so long and isn't likely to change soon, even with the revised stage 3 tax cuts, especially given the rising cost of living and inflation. 😊
@user-nq6cp5jy2u
Ай бұрын
very informative video! fabulous work Rui! keep it up
@OZRuiShi
Ай бұрын
Thank you so much! I'm glad you found the video informative. Your support means a lot to me! I'll keep it up! 😊
@qwazxwas
2 күн бұрын
Critical is to only claim it once, as potentially if working multiple part time jobs you can end up eith a significant tax debt due 5 weeks after end September or 5 weeks after submitted by tax agent/accountant.
@alangray8241
3 ай бұрын
Super! What a fabulous, informative video. Thank you Rui. KZitem is awash with financial planners presenting confusing, jargon-filled blah-blahs. But this video is practical, concise, informative and helpful. Thank you. (If you get a chance to do a video on the tax benefits of a novated lease on an electric car vs petrol car that would be cool).
@OZRuiShi
3 ай бұрын
Thank you so much for the kind words! I'm really glad you found the video practical and informative. Great suggestion about the novated lease comparison between electric and petrol cars-it's an area of personal interest for me too, so I'll definitely consider making a video on it. Stay tuned! 😊
@OilBaron100
3 ай бұрын
Great video! The value of your content far outweighs your count of views and subscribers.
@OZRuiShi
3 ай бұрын
Thank you so much for the kind words! Your support means a lot and helps keep me motivated. 😊
@philhatherell3711
3 ай бұрын
You are very good. If you could do a video on salary sacrifice into super and a spouses super and how that works that would be great.
@OZRuiShi
3 ай бұрын
Thank you so much! 😊Those are great suggestions, and I'll definitely consider making videos on those topics. In the meantime, you might find my video on salary sacrifice, specifically for the users of the First Home Super Saver Scheme, helpful for understanding the general concept. Check it out! kzitem.info/news/bejne/k6ljtpids3OdgHo
@johnhart2683
Ай бұрын
Super! Great stuff
@OZRuiShi
Ай бұрын
Thank you so much! I'm glad you enjoyed it!
@craigkrause7434
2 ай бұрын
Super 😊 Excellent podcast and very handy to know! Thank you 😊
@OZRuiShi
2 ай бұрын
Thank you so much! I'm glad you found the video helpful. Your support means a lot. 😊
@schelkscorp
Ай бұрын
they may minimise income tax BUT they still pay a 15% tax on concessional contributions to super
@OZRuiShi
Ай бұрын
You are right, concessional contributions to super are still subject to a 15% tax. However, from a total tax perspective (personal and super), this strategy still helps minimize overall tax. 😊
@Jim-Greek
2 ай бұрын
Super content Rui Keep it coming Thank you 🙏🏽 😊
@OZRuiShi
2 ай бұрын
Thank you so much! I'm glad you're enjoying the content. I'll definitely keep it coming. Stay tuned! 😊
@walkingtofi
3 ай бұрын
Super & just subscribed. Thank you
@OZRuiShi
3 ай бұрын
Thanks and welcome! 😊
@jate.photography
2 ай бұрын
Super! Your explanations are great. Keep it yup and yes deeper dives would be appreciated in future videos
@OZRuiShi
2 ай бұрын
Thank you so much! I'm glad you find the explanations helpful. I'll definitely keep it up and plan to do deeper dives in future videos. Stay tuned! 😊
@Hgghjhfd7654fg
6 ай бұрын
Fantastic content. Subscribed.
@OZRuiShi
6 ай бұрын
Awesome, thank you! 😀
@custominifigs2011
5 ай бұрын
Great information!
@OZRuiShi
5 ай бұрын
Glad it was helpful!😀
@andrew2004sydney
3 ай бұрын
Hey this is a SUPER video
@OZRuiShi
3 ай бұрын
Thank you. I appreciate it. 😀
@ketanbembi8848
Ай бұрын
Super
@OZRuiShi
Ай бұрын
Thank you 😊
@Cherry-wz8uq
3 ай бұрын
Super!
@OZRuiShi
3 ай бұрын
Thank you. 😊
@camlyallx3149
3 ай бұрын
Super Cheers
@OZRuiShi
3 ай бұрын
Thank you! 😊
@Buffy_Miyagi
3 ай бұрын
Super Duper!
@OZRuiShi
3 ай бұрын
Thank you! 😊
@bebelei245
6 ай бұрын
WOW!!
@polontang7909
2 ай бұрын
super
@OZRuiShi
2 ай бұрын
Thank you!
@ministerofemergencies1809
2 ай бұрын
The ATO website is a bit confusing. It looks like LITO still applies but LMITO ended in 2022. Is that right?
@OZRuiShi
2 ай бұрын
That's exactly right! 😊
@ministerofemergencies1809
2 ай бұрын
@@OZRuiShi Thanks for your video. You may have saved me a few years of transferring from one lot of shares to another.
@OZRuiShi
2 ай бұрын
@@ministerofemergencies1809 I'm glad to hear the video was helpful and may have saved you some time. Your feedback means a lot to me. Stay tuned for more content! ☺
@josephyeo6966
2 ай бұрын
Shi is Super.
@OZRuiShi
2 ай бұрын
Thank you! 😊
@thealchemist6133
Ай бұрын
Whoch website ade you using yo calculate this taxable income?
@OZRuiShi
Ай бұрын
Thank you for your question! I used the website TaxCalc to calculate the taxable income. 😊 www.taxcalc.com.au/2425.html
@thealchemist6133
Ай бұрын
@@OZRuiShi can you recommend any tax accountant? Any contacts?
@OZRuiShi
Ай бұрын
@@thealchemist6133 Thank you for your comment. Unfortunately, I don't have any specific tax accountants to recommend at this time.
@Jasonpayne55
3 ай бұрын
Please can you help me on this one .I want to buy VGS etf as a non resident do I need to pay tax on dividends as it's domiciled Australia etf with international stocks
@OZRuiShi
3 ай бұрын
Hey there, I'm not an accountant, so please verify this with an accountant, as I could be wrong. My understanding, as of the time of writing, is that: 1. You still need to check the tax laws of wherever you're a resident. 2. On the Australian side - provided you're a non-resident for the entire time they're held, there are no additional taxes beyond what was withheld before it reaches you (your brokerage account needs to know you are a non-resident to withhold correctly). Check out the ATO website and this article to learn more: passiveinvestingaustralia.com/non-residents-or-not-planning-on-retiring-to-australia/ Hope this helps. 😊
@yola9424
5 ай бұрын
Hey very helpful video, can you please do a video for crypto capital gains over 12months. Because a lot of people are making 6 figures in it.
@OZRuiShi
5 ай бұрын
I'm glad you found the video helpful! A video on crypto capital gains over 12 months sounds like a great idea, especially with the interest it's generating. I'll definitely consider it for a future video. Thanks for the suggestion, and make sure to subscribe so you won't miss it! x
@LucaS-es7ud
Ай бұрын
Yes, more crypto related thanks. Like if you make a large capital gain (with 50% deduction) during the current bull market, contribute to super to reduce tax to 0. But are not old like in this example, when/how can I draw those funds out for eg. home deposit? Probably more relevant to the 20,30,40yo crypto investors!
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