Speaker 1: Good morning everyone, and welcome back to Sugar Mama's Fireplay.
Speaker 1: I am your host financial planner, and today in the
Speaker 1: studio we actually have three brains working for you. We
Speaker 1: have Richard Nichols, financial planner from Blue Lanton, and his
Speaker 1: colleague who we all know and love, our number one
Speaker 1: mortgage broker, Adam mckabe from Blue Lantern as well. Now
Speaker 1: today we're going to be talking about and unpacking for
Speaker 1: you the First Home Super Savor Scheme which was designed
Speaker 1: to help young Australians build up a deposit via their
Speaker 1: superannuation to help afford property. That is, get together that
Speaker 1: very important deposit. Now, there are a lot of things
Speaker 1: to know, understand and do for this First Home Super
Speaker 1: Saver Scheme and some of these things you may have
Speaker 1: not heard of before. So we're going to be unpack
Speaker 1: it here right now for you. Richard and Adam, thank
Speaker 1: you so much for coming in today. Now we all
Speaker 1: know that the First Home Super savest schemes, just a
Speaker 1: bit of a mouthful, is designed to help Australians get
Speaker 1: together their deposit, which for a lot of people is
Speaker 1: really hard. You know, there's so many distractions, so many temptations.
Speaker 1: Can you explain to everyone how this works and how
Speaker 1: it can help people have that deposit ready to go
Speaker 1: to get their foot in the door at the property market.
Speaker 1: Obviously for first home owners.
Speaker 2: In simple terms count it's designed to help people save
Speaker 2: I think from early days. So you're looking at, you know,
Speaker 2: if you've got aspirations to buy a property and your
Speaker 2: savings are low, this is a way that helps you
Speaker 2: get ahead from the normal means where it's just a
Speaker 2: high interest account at the moment. High interest accounts to
Speaker 2: say four to five percent, which isn't a lot. So
Speaker 2: it gives you the opportunity to contribute up to fifteen
Speaker 2: thousand per year and then withdraw up to fifty thousand
Speaker 2: over a five year period for that first time.
Speaker 1: So this is definitely not for people who need to
Speaker 1: buy it buy a property in the next six months.
Speaker 1: This is something you particularly for someone maybe that's a student,
Speaker 1: you know, maybe doing tertial education and thinks, okay, well,
Speaker 1: when I do get graduate and I get a job
Speaker 1: and you know, I've had a full time job and
Speaker 1: a salary for a couple of years, there potentially my
Speaker 1: deposit could come from this.
Speaker 3: If it's still a mail that's right, and perhaps you know,
Speaker 3: there might be circumstances where if it's timed in terms
Speaker 3: of a taxi where you could put a large amount
Speaker 3: in and get a small benefit from tax savings.
Speaker 2: In doing it. But primarily it's designed for that longer
Speaker 2: term strategy which is allowing you to also withdraw the
Speaker 2: earnings from that associated super contribution.
Speaker 1: So for any of the listeners out there who have,
Speaker 1: you know, teenage children, this is something you know you
Speaker 1: should be talking to your kids about. Is it a
Speaker 1: potential option to be able to get your foot in
Speaker 1: the door, particularly if they know about it now and
Speaker 1: they can start sort of planning preparing.
Speaker 2: Definitely, particularly if we're looking at the average super returns,
Speaker 2: you know it's probably probably double your potential return through
Speaker 2: general banks saving.
Speaker 1: Yeah, and obviously we've got to keep in mind, you know,
Speaker 1: marcut volatility and you know, depending obviously, and how that
Speaker 1: superinhuation money is actually invested is also incredibly important. You
Speaker 1: will come to with Richard in a moment. Who is
Speaker 1: eligible for this.
Speaker 2: The eligibility is really open, so as long as you're
Speaker 2: eighteen years of age, you don't need to be Australia
Speaker 2: resident or citizen. First home buyer. It's a really open scheme.
Speaker 1: Single parents who've never bought before.
Speaker 2: Wow.
Speaker 1: Okay, so it really does start to open up, you know,
Speaker 1: opportunities for a lot of people that may have had
Speaker 1: that sort of block there previously. What would you say
Speaker 1: there are any misconceptions around around this, probably.
Speaker 2: Around the tax side of it. You know that it's
Speaker 2: full fully tax exempt, which isn't the case, you know,
Speaker 2: and you know you really should speak to your accountant
Speaker 2: around advice in that regard, and.
Speaker 1: Always get advice before you make the delisions because you
Speaker 1: don't want to sort of have any regret.
Speaker 2: No, absolutely, and particularly if you're looking at calculating what
Speaker 2: you'll be able to withdraw at the time of buying,
Speaker 2: you need to be familiar with with what will come
Speaker 2: out and those tax implications as well.
Speaker 1: All right, for young families that think, okay, this may
Speaker 1: be our hope to be able to secure a property,
Speaker 1: how do they maximize this benefit?
Speaker 2: Well, to maximize it, you probably need to be saving
Speaker 2: for a longer period of time, So start as soon
Speaker 2: as you can, Okay, get those contributions going in and
Speaker 2: as we said, be familiar with what investment that is
Speaker 2: going into within your super fund, So speak to your
Speaker 2: superphone and look at you know, minimizing the risk I
Speaker 2: guess of the asset classets in. At that point, you're
Speaker 2: doing as much as you can. The longer you're doing it,
Speaker 2: maximizing how much you can put in and take cout.
Speaker 2: You're getting some tax savings on the way and hopefully
Speaker 2: a much higher return than what you're getting within a
Speaker 2: normal bank or turn deposit account.
Speaker 1: Can a couple or say a family, you know, we've
Speaker 1: got two working adults that are both never earned owned
Speaker 1: property before. Can they each use their superannuation schemists system
Speaker 1: and a combine their deposit.
Speaker 2: Yes, absolutely, And that's that's particularly from my experience, what
Speaker 2: I've what I've been doing with kinds of mind that
Speaker 2: have taken advantage of this scheme. They've both contributed the
Speaker 2: same amounts well, depending on you know, if we're talking broadly,
Speaker 2: depending on the income levels of each family member. But
Speaker 2: if you're on an equal income and you can contribute
Speaker 2: the same amount, then then ideally come the end of
Speaker 2: that stage, you both contributed the maximum and withdrawing the
Speaker 2: maximum for that purchase.
Speaker 1: Richard, I'm interested to know your thoughts of this because
Speaker 1: when this first came out, I was really concerned that
Speaker 1: people would then start use their superannuation money, which is
Speaker 1: something really I see is something and being like a
Speaker 1: bit of a treasure chest that's long away and take
Speaker 1: you away from distruction and temptation and reckless spending and
Speaker 1: really sort of changing people's mindset. What are your thoughts
Speaker 1: when you saw this come in?
Speaker 4: Similar concerns, But I think with this really you must
Speaker 4: remember that these are contributions that probably wouldn't have been
Speaker 4: made to start with. You know, people are putting in
Speaker 4: the fifteen thousand with the object of withdrawing for a
Speaker 4: property deposit, so it's not really taking away from their
Speaker 4: retirement assets because this money wouldn't have gone in in
Speaker 4: the first place. Yeah, you know, if they are concerned
Speaker 4: about marketing volatility, most super funds will have a defensive
Speaker 4: option that they could place this money.
Speaker 1: In, and they're normally you know, assets such as cash
Speaker 1: and fix interest still investments and still have some volatility
Speaker 1: in fluctuations, but less aggressive indeed.
Speaker 4: And also the return while the returns may not be
Speaker 4: hugely different to you would get sitting in a bank account,
Speaker 4: in a defensive asset within super the tax side on
Speaker 4: those earnings would be a lot less because your tax
Speaker 4: on earnings inside a super is fifteen percent, whereas you're
Speaker 4: going to pay your marginal rate, and if you're at
Speaker 4: top marginal and that's forty five percent, you're going to
Speaker 4: pay on any on the same earnings outside of super.
Speaker 4: So you know, a you've got that potential for increase return.
Speaker 4: But be more importantly, you don't pay as much tax
Speaker 4: on the earnings along.
Speaker 1: The way, and I think the average Australian is paying
Speaker 1: about thirty two thirty so instantly there as almost like
Speaker 1: you know, doubling you with your NEPH. Indeed, all right,
Speaker 1: there are some changes coming up in I believe September
Speaker 1: for the this scheme. Can you just explain what the
Speaker 1: changes are and what we need to be aware of
Speaker 1: if we're contemplating, you know, setting this up and potentially
Speaker 1: using this in five years time.
Speaker 2: The changes are very small, mainly to be able to
Speaker 2: fix errors within the applications and how you contributed those funds.
Speaker 2: And also if you change your mind, you know, sometimes
Speaker 2: your circumstances change and you're no longer in a position
Speaker 2: to buy, and that that could be a considerable time away.
Speaker 2: So then there are options to withdraw all that money
Speaker 2: back out.
Speaker 1: So what happens, for example, you know, say I want
Speaker 1: to do this as the first time, and I set
Speaker 1: it up and I'm contributing to it. Then say I
Speaker 1: win the lottery, you know, and I can now buy
Speaker 1: you know, I have a deposit now that money though,
Speaker 1: I can still potentially get it out.
Speaker 2: But if you win the lottery, you probably don't really care.
Speaker 1: Well, it depends not much, I m of course, mostly.
Speaker 1: I mean it might be one hundred thousand, or it
Speaker 1: might be you know, a couple of million dollars, which
Speaker 1: would be great, but you know, because obviously we need
Speaker 1: to be realistic things. You know, situations change, people might
Speaker 1: move overseas. You know that that dream, that goal, you know,
Speaker 1: may pivot. We need to be aware of those things
Speaker 1: that you know, if we've been contributing to it, we
Speaker 1: can't get that money then back out.
Speaker 2: Yeah, so you can get it back out, you can,
Speaker 2: And it's it's essentially the same process for applying for
Speaker 2: the deposit to be returned to you for a purchase.
Speaker 2: So you need to apply for a determination through the ATO,
Speaker 2: the ATO then process that claim after you sorry, after
Speaker 2: you claim it through your super fund. It gets returned
Speaker 2: to an ATO holding account as I understand it, where
Speaker 2: they then process a determination if you're taking it back
Speaker 2: out not to buy a property. That's when they apply
Speaker 2: the marginal tax rates.
Speaker 1: Yes, okay, so this is what I'm saying is you
Speaker 1: know what if I decide, ahually I don't need that,
Speaker 1: you know, money returns up big enough to posit, or
Speaker 1: I'd inherited some money with something because these you know,
Speaker 1: with an aging population of baby boomers, these are things
Speaker 1: that actually.
Speaker 2: Could something happen, And if you didn't need it anymore,
Speaker 2: then it's in the best place it can be in
Speaker 2: your super fund exactly.
Speaker 4: Wouldn't you a mode if you don't need to take
Speaker 4: it out.
Speaker 2: And keep it that?
Speaker 1: Yeah, yeah, it's only going to help, you know, create
Speaker 1: greater financial stability for your long run financial benefit. Absolutely.
Speaker 1: All right. There's all about the rules of the first
Speaker 1: I can't even say, probably the first home owner super
Speaker 1: skate super saber scheme. What are the things you need
Speaker 1: to know when you've got to apply.
Speaker 2: Yes, so you need it needs to be going as
Speaker 2: a voluntary contribution, so your accountant needs to be aware
Speaker 2: of that, and the super and contacts is super fun
Speaker 2: to advise them of the contributions you're making, so that's
Speaker 2: allocated towards the super SAVIS scheme that can be withdrawn
Speaker 2: once your love's a determination.
Speaker 1: Do you think this is something Richard, that someone should
Speaker 1: go and see a financial planner about if they're thinking about.
Speaker 4: Doing Ah, yes they should that or their accountant, either
Speaker 4: one of those would be able to give them the
Speaker 4: information they need to make that determination, or even the
Speaker 4: super fund themselves.
Speaker 1: Well, a lot of super innuation accounts. Now, how this
Speaker 1: general advice has none by like a one one hundred
Speaker 1: now one eight hundred dollar that you can access free advice.
Speaker 1: But also I think you're talking to a financial planner
Speaker 1: just having that meeting of mind, talking about okay, well,
Speaker 1: what are your goals? Why do you want to buy
Speaker 1: a home, what's important to you? Where do you see
Speaker 1: your future? Where do you want to live? You know,
Speaker 1: what's the lifestyle that you want? You know, what where's
Speaker 1: your value system? Having those important conversations may actually uncover
Speaker 1: that maybe property is not what you want to do,
Speaker 1: and in fact you are look at an investment portfolio
Speaker 1: you want to look at focusing more on your superannuation
Speaker 1: so that you have that piece of mind knowing you
Speaker 1: can retire and retire on time and on the you know,
Speaker 1: the income that you want and you know, would you
Speaker 1: agree with that?
Speaker 2: I think so?
Speaker 4: And also where you want to buy, because yeah, if
Speaker 4: there's a couple, yeah you can get a utilize one
Speaker 4: hundred thousand of of that. But if you looking to
Speaker 4: buy in Sydney, one hundred thousands unfortunately doesn't get you.
Speaker 1: Fry it it gets to you, not even a parking spot,
Speaker 1: Adam coming back to you when it comes you know,
Speaker 1: is this something that mortgage brokers do? You know we've
Speaker 1: mentioned about talking to your accountant, talking to your superannuation
Speaker 1: provide obviously to endo your family about you know, what
Speaker 1: your goals are. Do you also need to let the
Speaker 1: mortgage broker that, Okay, my deposit I'm working on is
Speaker 1: going to be funded through you know.
Speaker 2: We really need to be aware of it because the
Speaker 2: process and one of the rules for withdrawing the money
Speaker 2: is that you should do that for the determination before
Speaker 2: signing a properly contract.
Speaker 1: So you've got to be very organizic.
Speaker 3: Line you do.
Speaker 2: If you don't sign a contract, I don't know if
Speaker 2: we can go back in again. I'm not too sure.
Speaker 1: Gosh, that would be hard because whatd have had something
Speaker 1: happens and you the property fell through. It does occasionally happen.
Speaker 4: Weile you go to the auction and you didn't write
Speaker 4: the winning better.
Speaker 1: Yeah, and then you just keep on getting out bit
Speaker 1: all the time over the next twelve months. You know that.
Speaker 1: I mean, and I guess this is one of the
Speaker 1: downsides all this, which you know, hopefully with this new
Speaker 1: legislation coming in September. Allows, that's right, those twenty four Okay,
Speaker 1: well there, we've got twenty four months. But still I mean,
Speaker 1: I mean, I know people who have been looking for you, yeah, yeah.
Speaker 4: To get there because once it's out, if you don't buy,
Speaker 4: then I assume they would then that triggers they tack
Speaker 4: extra tacks in twenty four months or something.
Speaker 1: Gosh, you, I mean, you have to have all your
Speaker 1: ducks lined up.
Speaker 2: You've got twelve months from the determination date for withdrawing it.
Speaker 2: For the purpose of signing a contract and paying a deposit,
Speaker 2: you've got twelve months to use it. Obviously, we understand that,
Speaker 2: particularly if you go into auctions, success rights and bidding
Speaker 2: is relatively low. So you've got twelve months and they
Speaker 2: can give you an extension up to twenty four months, okay,
Speaker 2: which you don't need to apply, so I six, well up,
Speaker 2: no twenty four ok okay.
Speaker 1: Well, I mean that starts to be a lot more relaship.
Speaker 1: But still it's something you want to know because if
Speaker 1: it means okay, you're going to miss out on a
Speaker 1: property by five thousand dollars and you're going to get
Speaker 1: back to square one and you are cutting it fine
Speaker 1: with those deadlines, it's good to know these things. And again,
Speaker 1: I guess that's why you've you've got to speak to
Speaker 1: a mortgage broker. You've got to read the fine print,
Speaker 1: you've got to be organized, you've got to know your numbers,
Speaker 1: your limits as to how you know what you're getting
Speaker 1: back your taxes, and obviously how much you can afford
Speaker 1: to borrow. Do you have any success stories that you
Speaker 1: can share with us as to people who have been
Speaker 1: able to actually finally get a property by using.
Speaker 2: This success stor it? Look, this example was just what
Speaker 2: I think is probably fortunate in time and to circumstances,
Speaker 2: but customers of mine that recently used it using the
Speaker 2: super Saver scheme, not well, we're able to save and
Speaker 2: avoid mortgage insurance. And I think the mortgage insurance it
Speaker 2: was it just got over the line by a few
Speaker 2: thousand dollars. So I'd put that down towards the returns
Speaker 2: that they were getting within the super fund as being
Speaker 2: you know, the returns were then super fund were more
Speaker 2: than what they get outside of it, and that small difference.
Speaker 2: Probably want to help them avoid mortgage insurance.
Speaker 3: In the end.
Speaker 1: And how much whether that mortgage insurance costs them if
Speaker 1: they didn't have this intended that's huge. That's a that's
Speaker 1: a great win. And you know what, I really believe
Speaker 1: you make your own luck. You know, it's that's this
Speaker 1: is why you need to be informed and you need
Speaker 1: to know about this as an option if you're trying
Speaker 1: to eat it within the.
Speaker 2: Door preparation research.
Speaker 1: Yeah, and you know, you know it is fifteen thousand
Speaker 1: dollars a year. It is a lot of money to
Speaker 1: take out of your cash. But if you're you know,
Speaker 1: the discipline of it is, you can't spend it. You
Speaker 1: can't see something online and just get distracted and go
Speaker 1: blow it on a new television or a handbag or
Speaker 1: you know, a trip to Europe. It's in there. They're
Speaker 1: holding it and taking away that temptation for you, which
Speaker 1: for a lot of people is needed.
Speaker 4: That's right, But also that fifteen thousand, it's a deductible contribution,
Speaker 4: so you're not you're not impacting your cash blow by
Speaker 4: fifteen thousand exactly, depending on your marginal rate. You know,
Speaker 4: if your top marginal or that might only impact your
Speaker 4: cash flow by seven and a half to eight nine thousand,
Speaker 4: So it's not as bad as one would first think
Speaker 4: making that extra conjolution.
Speaker 1: Richard, what would you say from a financial planner's point
Speaker 1: of view with this? You know, you know people to
Speaker 1: think about. Obviously, we've touched on the importance of making
Speaker 1: sure that that money's invested with a five year investment
Speaker 1: in time horizon. So you wouldn't recommend someone who's doing
Speaker 1: this put all their money into the shares and property
Speaker 1: allocation within their superannuation. You know, talked about those conservative
Speaker 1: asset classes as potentially being wiser because we do need
Speaker 1: to pull that money out. What other things do you
Speaker 1: see as important to consider as part of this.
Speaker 4: First of all, making sure you can comfortably make that
Speaker 4: contribution without it impacting your lifestyle and you've touched on
Speaker 4: you want to make sure that you're not in the
Speaker 4: too aggressive fund for those moneys because most super funds,
Speaker 4: you'll be able to allocate that money going into a
Speaker 4: specific fund. It doesn't have to go into your default
Speaker 4: mix probably be seventy percent allocation to equity markets. So
Speaker 4: I think that's the main thing you want to make
Speaker 4: sure of, is that say you that that money is
Speaker 4: not going to impact or the lack of that money
Speaker 4: going into super is not going to be impacting your
Speaker 4: cash flavor. And then yesb that you've got it invested
Speaker 4: in an an appropriate asset for the timeframe you've got
Speaker 4: because five years isn't a great deal of time in
Speaker 4: an investment lifetime.
Speaker 1: And the other thing I have to say is, you know,
Speaker 1: if anyone that wants to do this, don't just look
Speaker 1: at this as purely your deposit, like try and save
Speaker 1: separately elsewhere if you can, because you do need to
Speaker 1: have that discipline. You do need to learn how to
Speaker 1: stick to a budget. You do need to learn how
Speaker 1: you know to say no to buying something or splurging
Speaker 1: on something because you've got this big responsibility and this
Speaker 1: big goal that you're working towards, So don't just rely
Speaker 1: these or deposit being purely bus have a separate savings
Speaker 1: account nickname it, you know, my deposit money, and try
Speaker 1: if you can. We know, as you said, within your budget,
Speaker 1: you know, have a regular saving plan towards that, so
Speaker 1: that you do have a cash too as well as
Speaker 1: this this superannuation save scheme money as well, so you
Speaker 1: can find the two and potentially you know again no
Speaker 1: save on ortgage insurances or potentially not need a guarantalk
Speaker 1: because you've got a decent sized deposit building up there,
Speaker 1: You're only going to look more desirable to the bank,
Speaker 1: would you correct?
Speaker 2: Absolutely? And because if we're talking about Sydney market, you
Speaker 2: and your partner contribute fifty thousand each to the super
Speaker 2: Savior scheme. You take me out one hundred plus earnings,
Speaker 2: it's ten percent deposit and a mean or the property. Yeah,
Speaker 2: so that you think got mortgage insurance if you don't
Speaker 2: have more than ten percent stamp duty so you need
Speaker 2: a lot more continue saving. Don't just use this as
Speaker 2: one now is it will supplement it?
Speaker 1: Correcte? Yeah? Really wise advice and Richard, I want to
Speaker 1: not end with you if that's Okay, if someone has
Speaker 1: gotten too a great habit, because five years is a
Speaker 1: long time to create a habit, you know, not even
Speaker 1: missed that money. And you know, say someone uses this,
Speaker 1: they have their regular savings plan for their deposit and
Speaker 1: they've got you know, their super Sabers skime money as well.
Speaker 1: And the reason why I say this is just so
Speaker 1: much of a financial being is habit. You know, you think,
Speaker 1: you know when you don't think about you just do it.
Speaker 1: Once you've got your deposit, you know, you've bought your property,
Speaker 1: you've taken that money out. You know, you're cooking with gas,
Speaker 1: you're you're foot in the door of the property, and
Speaker 1: you're paying your mortgage off. What are your thoughts as
Speaker 1: to what to do with that fifteen thousand that you've
Speaker 1: previously been contributing. Obviously, there's a thousand ways to skin
Speaker 1: a cat. You know, should they should one consider putting
Speaker 1: that as an extra payment towards their mortgage or should
Speaker 1: they maybe if they're comfortable that rebuild their superannuation because
Speaker 1: they like seeing a nice healthy balance there and knowing
Speaker 1: that that's the retirement money. What are your thoughts under
Speaker 1: the obviously the banner of general advice like, because I
Speaker 1: think you want to keep riding off great habits. You
Speaker 1: don't want to just let them evaporate. The lifestyle creep
Speaker 1: kick in.
Speaker 4: No, indeed, there is an argument can continue paying into
Speaker 4: super that fifteen thousand? But Eda, I'm a big fan
Speaker 4: of paying down the mortgage?
Speaker 1: Yeah, after tax saving?
Speaker 4: Yeah, yeah, of course, because you know interest rates now,
Speaker 4: what's six six and a half percent depending on your mortgage,
Speaker 4: So you're getting a tax free risk free return of
Speaker 4: six percent six and a half percent by paying down
Speaker 4: your mortgage, So you have interest rates for a lot
Speaker 4: where they were three years ago. Then maybe you could
Speaker 4: argue putting the money into super is IS would be
Speaker 4: more beneficial because you'll get a much better return. But
Speaker 4: you know, an after tax risk free return of six
Speaker 4: six and a half percent at the moment is hard
Speaker 4: to say no Toedly.
Speaker 1: Yeah, I agree, And look, you know there's no it's
Speaker 1: not we don't live in a black and white world.
Speaker 1: Sometimes you know, you might go, Okay, well, for the
Speaker 1: first two years, I'm going to make great headwinds with
Speaker 1: my mortgage because that's when we can have the biggest
Speaker 1: and best impact and save obviously interest as well as time.
Speaker 1: But then you know, in two three years time, you
Speaker 1: might go, Okay, well all right, I'm going to now
Speaker 1: balance it. I'm going to look at some sacris salary
Speaker 1: sacrificing that was in similar alignment to you know, the
Speaker 1: Super Savior, same plan that I had go going on,
Speaker 1: as well as maintaining you know, some extra payments as well.
Speaker 1: So again, this is why everyone needs to get quality advice.
Speaker 1: They need to not just get their advice off social media.
Speaker 1: They need to get advice off sitting down and talking
Speaker 1: to someone and showing them the numbers, crunching them and
Speaker 1: talking about all the pros and cons and also brainstorming
Speaker 1: a variety of other different ideas like dep recycling or
Speaker 1: having a regular investment plan or you know, there's so
Speaker 1: many different things that we need to all think about
Speaker 1: and consider. So Richard and Adam, thank you so much
Speaker 1: for talking about it. And if anyone has any questions
Speaker 1: and we'd like to, you know, learn more about getting
Speaker 1: you to help them with their mortgage applications in buying
Speaker 1: a first home. Where's the best place to contact you?
Speaker 2: Best for me is email Adam at Bluelanton dot com
Speaker 2: dot au.
Speaker 1: And Richard, you're a financial planner like myself. We've worked together,
Speaker 1: you know, many many years ago. For people who want
Speaker 1: to talk about their superannuation and talk about Okay, well
Speaker 1: I use the super scheme or you know, I'm aware
Speaker 1: of my superannuation being low and you know I'm interested
Speaker 1: in hearing about how I can potentially save tax how
Speaker 1: do they get contact.
Speaker 4: With you same way? Emails Best Richard at Blueland dot
Speaker 4: com dot you.
Speaker 1: So for everyone, Thank you so much for listening today's
Speaker 1: episode on the first home owner Supert's Saber scheme. This
Speaker 1: is something that might be a glimmer of hope for
Speaker 1: people who are passionate about having a home of their own,
Speaker 1: something they can stand in front of, look at, feel,
Speaker 1: touch and see and actually make it part of their
Speaker 1: investment portfolio over the long run, where their first home
Speaker 1: is just the entrance their passage in creating real, authentic,
Speaker 1: long term, sustainable financial freedom and independence. For anyone that
Speaker 1: ever has any questions or has any podcast topic requests,
Speaker 1: please make sure you send them directly to me on
Speaker 1: Instagram at sugar Mama Tibi, and in the meantime, please
Speaker 1: feel free to share this particular episode with any of
Speaker 1: your family or friends that are really trying to get
Speaker 1: into the property market, as this may be the perfect
Speaker 1: solution and the glimmer of the hope that they may
Speaker 1: need right now. Thank you everyone for listening. In the meantime,
Speaker 1: keep that financial fire burning bright. This is Sugarmomma's I