As you get older it can be more difficult to get a credit card from your bank,so it’s best to act now.
The real question isn’t if AI is a good investment. It’s if this is an effective strategy for moving towards your long-term financial goals.
You look to be in quite a sound financial position,and if you need extra funds later in life you can always offload the investment properties.
This is a prime example of the unfair and unintended consequences of the new laws around capital gains tax.
Once your super hits the cap,it’s not all doom and gloom,your investments will still have a very favourable tax treatment.
Working out what tax you owe on a holiday home you’ve periodically rented out can be complicated. I hope you’ve kept good records.
While it may be tempting to use your super to pay off your tax obligations,it’s probably not the right call.
If you’re currently receiving franking credits through your trust,that is likely to change when Labor’s new laws come into effect.
In the end you won’t be wondering,“could I have made more money?” You’ll be wondering:“Could I have lived more?”
Superannuation has become a more attractive investment option thanks to the tax changes. But you should still look at investing elsewhere.