logo
episode-header-image
Jul 2024
27m 38s

78. Demystifying tax in Australia & what...

Ana Kresina & Natasha Etschmann
About this episode

I think we can all agree that, unless you work for an accounting firm or the ATO, tax is preeeeetty mystified. Fortunately, this episode has emerged from the ethers of EOFY to right that wrong.


In this session, Tash and Ana are joined by award-winning accountant Natalie Lennon, and together, they demystify tax. Wondering about marginal tax rates? They discuss them! Have questions about tax on investments? You’ll want to hear their answers! Together, they run the A to Z on the ATO’s domain.


After this episode, tax time will feel that little bit more manageable.


During our chat about claiming working from home expenses, Nat refers to occupancy expenses. As with all tax deductions it is important to get advice on your individual situation. There is some examples on the ato website - https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/working-from-home-expenses/occupancy-expenses


@tashinvests

@anakresina

@getrichslowclub

@pearlerhq

Get Rich Slow Club

Pearler

YouTube


Disclaimer

Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.


Natasha Etschmann is an Authorised Representative #1299881 of Guideway Financial Services Pty Ltd AFSL#420367. Read the FSG available from https://tashinvests.com/links


Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide


If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.



Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
177. What we’d do with $100k if we had to start from scratch
There’s an old saying: “If youth but knew, if age but could.” And, like many of the old sayings we share in these episode descriptions, it might sound saccharine to some. Even so, in the context of long-term investing, it rings true.Phrases like “past performance doesn’t indicate ... Show More
13m 50s
Jul 7
176. How Tash's networth jumped from $850k to $1.1m
@tashinvests has always been open in sharing her net worth journey. Her hope (and that of the Get Rich Slow Club) is to encourage the idea that it’s okay to talk about money. So many people treat their finances like politics or religion: something to avoid in polite conversation. ... Show More
21m 40s
Jul 2
175. Brooke’s property journey: how she's saving for her first home
In this episode, Brooke from @brooko_moves shares her honest and often hilarious journey from Sydney to Perth, detailing her struggles and strategies in saving for a first home amidst a skyrocketing property market.From parking fine disasters to house-hunting misadventures and sa ... Show More
34m 50s
Recommended Episodes
Jun 23
Everything you need to know about tax
It’s Bryce’s favourite time of year, tax time! As an investor, it can get confusing, particularly if this is your first financial year investing. This episode is your Tax Time essential listen, covering everything you need to know as an investor. Including: Capital gains tax (Wha ... Show More
28m 21s
Apr 28
Ask An Adviser: Retirement tax strategies everyone should know - Dylan Pargiter-Green
The more you understand about the Australian financial system, the more you realise there are plenty of ways that those with means find ways to minimise tax. Today, we're sharing two tax minimisation strategies that the wealthy use to boost their retirement savings. To take us th ... Show More
34m 40s
Jun 2
Ask an Adviser: Don't do this with your super & tax-efficient investing for kids + more
How do you make smart money decisions when you don’t know what your future looks like? That’s the question to start this episode.Alex and Scott, co-founders of Everest Wealth, join us to unpack big financial questions from the Equity Mates community. Whether you’re juggling savin ... Show More
46m 45s
Feb 2025
CPA Shares Tax Tips to Lower Your 2024 (Yes, 2024) Taxes
2024 may be long gone, but it’s NOT too late to lower your taxes for the previous year. If you have real estate or retirement accounts, you already hold the key to minimizing your taxable income and owing less to Uncle Sam. But how do you do it? We’re sharing 2024 and 2025 top ta ... Show More
47m 48s
Apr 7
Ask an Adviser: This could save your life (insurance) - Phil Thompson
Phil Thompson, financial adviser and founder of Skye Wealth, is back to help us get our heads around life insurance. In today's episode we speak to Phil about: Why so many Australians are under-insured (and how to figure out if you are)The best ways to save money on premiums The ... Show More
37m 48s
Mar 2025
Is my super performing? How much do I need to retire? Your superannuation questions answered
Superannuation, we all (should!) have it, but are you making the most of it? However you're thinking about super- optimizing for retirement, considering a self-managed super fund (SMSF), or wondering about concessional contributions- this episode breaks it down. We fire through 6 ... Show More
16m 30s
Oct 2024
Labour MP: Why this Budget must tax the rich
Liam Byrne is the Labour MP for Birmingham Hodge Hill & Solihull North. He’s written a book called ‘The Inequality of Wealth’. 🤝 Want help planning your future from a financial advisor?Get personal support: https://makingmoney.email/financial-advisors-audio ⛑️ Free guides & fina ... Show More
57m 35s
Jan 2025
Ask an Adviser: Pay off mortgage or invest, biggest super mistakes, when to see an adviser - Glen Hare
Ask an Advisor is back for 2025. This is the series where we put your money and investing questions to some of Australia's best financial advisers. Today we're joined in the studio by Glen Hare, cofounder & financial adviser at Fox & Hare. In this episode he answers questions on: ... Show More
48m 46s
Mar 2025
Basis Points: What you're getting wrong about diversification with Adam Bajcarz | Apt Wealth
We're excited to continue sharing our latest podcast in the Equity Mates network: Basis Points. Basis Points is all about finding that small improvements that compound into big outcomes. Built for financial advisers, but accessible for everyone, we hope Basis Points can be a reso ... Show More
40m 4s
Nov 2024
How we would invest $100,000 today | Betashares Direct
How would we build a portfolio today if we were given $100,000? That was the question that Betashares asked us, with the only condition that we had to build a portfolio of ASX-listed ETFs. Tune in to hear the principles we'd apply when building our portfolio and the specific ETF' ... Show More
26m 31s