Payneham Financial Services

08/09/2023

Check out this review of Payneham Financial Services Pty Ltd on Google Maps

★★★★★ "We have been with Des at Payneham financial services for almost 10years. His attention to detail and knowledge an all aspects of super annuation, life insurance and general financial planning services is second to none. We highly recommend Des."

29/08/2023

Some good news for investors who are ready to cash in

Do you have less than $500,000 in your super? Do you need a big tax deduction because of a big capital gain realised from the sale of an investment property? If the answer to both of these questions is yes, then you can use the carry-forward provisions of the superannuation contribution rules to make a contribution totalling the unused portion of your super guarantee limits for the past 5 years.

Potentially a tax deductible contribution of up to $130,000 could be possible; assuming no contributions to super on your behalf or by you for the past 5 years. The $130,000 is the theoretical maximum available, however an investor who has had total contributions of $40,000 over the previous 5 years could contribute up to $90,000 and receive a tax deduction for the $90,0000.

Please note, super is a complex area and you should not proceed without seeking personal professional financial advice.
Want to know more? Contact Des Tsagatos, Payneham Financial Services 8362 2626

29/08/2023

Do you have less than $500,000 in your super? Do you need a big tax deduction because of a big capital gain realised from the sale of an investment property? If the answer to both of these questions is yes, then you can use the carry-forward provisions of the superannuation contribution rules to make a contribution totalling the unused portion of your super guarantee limits for the past 5 years.

Potentially a tax deductible contribution of up to $130,000 could be possible; assuming no contributions to super on your behalf or by you for the past 5 years. The $130,000 is the theoretical maximum available, however an investor who has had total contributions of $40,000 over the previous 5 years could contribute up to $90,000 and receive a tax deduction for the $90,0000.

Please note, super is a complex area and you should not proceed without seeking personal professional financial advice.
Want to know more? Contact Des Tsagatos, Payneham Financial Services 8362 2626

08/08/2023

"Des has been very proactive with managing my retirement income. Easy to Park. Staff are very friendly." says Zoe on Google

★★★★★ Des has been very proactive with managing my retirement income. Easy to Park. Staff are very friendly.

25/06/2023

Tax Free Retirement
Your super is subject to 15% tax on its earnings. If you retire at age 60 or more, you can turn your super into a tax free pension and you could still be eligible for some of the age pension.

11/06/2023

Up-size Your Retirement
If you downsize your home, you and your partner could contribute up to $300k each into super. The extra money will up-size your retirement; terms and conditions apply.

28/05/2023

Income Protection
How much will you earn over the next 15 years? Is it more than your home? Is your income insured? The cost is tax deductible.

15/05/2023

Life Insurance
What will you and your partner earn over the next 10 years? That's how much life insurance you need.
Life insurance is there to replace the income you and your partner would have earned if not struck down by a fatal sickness or accident.

05/05/2023

"Well explained details of financial advice" says Richard

★★★★★ Well explained details of financial advice

19/04/2023

Did you know? The importance of advice:

"Independent research conducted by IOOF (in conjunction with CoreData) surveyed 12,643 advised clients and non-advised individuals in Australia.

Of the advised clients surveyed, 90% said that accessing financial advice has left them in a better position financially.

Further to this, advised clients also said that the positive impact of advice has improved their mental health (50%) reduced worry and stress (88%), and created better relationships with family and friends (41%) (IOOF 2020)."

Financial Advice Improves Lives

For more information contact Des Tsagatos of Payneham Financial Services 8362 2626

11/04/2023

Downsizing and Retirement

Did you know you can be retired, receiving a super pension and the age pension and if you downsize your home, you can contribute the money received from downsizing into super and turn it into a super pension!

Downsizing your home will allow you to contribute up to $300,000 each to super. The additional money can help make your retirement more comfortable and broaden the choices available to you.

If you would like to know more contact Des Tsagatos of Payneham Financial Services on 8362 2626. Des is a licensed financial advisor with over 20 years of experience in financial advice and loves helping people improve their lives.

11/03/2023

Do You Need a Big Tax Deduction?

Have you just sold an investment property and are now the proud owner of big tax bill?

If yes, then a solution may be available to you, especially if you have less than $500,000 in your super as 30 June 2022.

Investors as outlined above can carry forward the unused portion of their super guarantee contribution limit for the previous 5 years

The collective super guarantee limit since 2019 totals $125,000, therefore if you have only used $50,000 of the limit, then you can carry forward the unused portion and contribute $75,000 for which you can claim a tax deduction

A $75,000 tax deduction plus the 50% discount on capital gains for an asset held for 12 months or more will enable you to reduce the tax payable on a $150,000 capital gain to just 15% of the $75,000

Want to know more? Contact Des Tsagatos of Payneham Financial Services on 8362 2626

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