First home buyers + the bank of Mum & Dad // $3M+ super balance tax increase

Financial Advisers Rob & Amy chat about ways that young adults can save for their first home, including the use of the First Home Saver Scheme and the bank of Mum & Dad. What tax and saving strategies can be utilised to ensure your children still learn to save and you don't jeopardise your retirement savings?

Plus... The Federal Government has announced their intentions to double the tax rate to 30% on super balances above $3M from the 2025/26 financial year. Rob & Amy discuss the implications of this proposed legislation and strategies that could be utilised.

And... 35 year home loan term introduced by UBank

 

Investor Motivation YouTube channel: https://www.youtube.com/@ConsortiumPW


Sources:
First Home Super Saver Scheme: https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/
Transfer Balance Cap: https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/transfer-balance-cap/

Robert Goudie, CFP, (ASIC Reg. 235974) and Amy Lehmann, BBus (FinPlan), BBus (Acc), (ASIC Reg 1292710) are authorised representatives of Consortium Private Wealth Pty Ltd | ABN 74 616 250 965 AFS Licence 495401

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