WEBVTT - Finance with Blake Wendt | May 29th, 2025

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<v Speaker 1>Now on afternoons, all things finance with Blake.

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<v Speaker 2>Work from Pretzel Wealth.

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<v Speaker 1>Organize your free consultation at Pretzelwealth dot com dot au. Okay,

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<v Speaker 1>bit of abba means it's time to dive into finance

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<v Speaker 1>with the one and he, mister Blake, went from Pretzel Wealth.

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<v Speaker 1>He's here in the studio with us. Hello, Blake A Michael,

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<v Speaker 1>all right, we're getting our money's working and thad aba

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<v Speaker 1>down if you want not Now, if you've got a

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<v Speaker 1>question for Blake one three one eight seven three, anything

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<v Speaker 1>about your home loan or super or investments or you know,

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<v Speaker 1>other general financial advices you might need, take advantage of

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<v Speaker 1>the free advice one three one eight seven three. There's

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<v Speaker 1>always that complimentary consultation we tell people about as well

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<v Speaker 1>asn't there Blake.

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<v Speaker 3>Yes, certainly. So it's a forty five minute consultation. You

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<v Speaker 3>come into the office, bring your your statements, whatever questions

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<v Speaker 3>that you might have, any sort of dark secrets that

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<v Speaker 3>you want to reveal, all that sort of good stuff,

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<v Speaker 3>and we'll sit down, we'll unpack it, we'll go through it,

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<v Speaker 3>and you know, hopefully we walk away a bit more informed.

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<v Speaker 1>Indeed, we had the inflation data today CPI or what

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<v Speaker 1>do they call it? Two point four percent? The headline

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<v Speaker 1>figure that was up just a tick, I think anything

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<v Speaker 1>to read into.

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<v Speaker 3>That, nothing to write home about. Really trimmed. Main CPI

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<v Speaker 3>data up a little bit as well, two point eight percent.

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<v Speaker 3>So it's that's the one that the RBA will look

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<v Speaker 3>at and say, well, is it getting out of control?

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<v Speaker 3>That is not a figure which the RBA will be

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<v Speaker 3>concerned about. They'd say, Okay, it's still within our band

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<v Speaker 3>of two to three percent, so they'd be quite comfortable

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<v Speaker 3>in that range. So it's not going to result in

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<v Speaker 3>drastic rate cuts, but it's sort of where they want

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<v Speaker 3>to be.

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<v Speaker 1>One of the questions is what do they include in

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<v Speaker 1>the basket of items as it were that they used

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<v Speaker 1>to formulate these figures, Because I've just got a note

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<v Speaker 1>from someone who says, well, look, CPI is two point

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<v Speaker 1>four percent, but my insurance went up thirty seven percent,

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<v Speaker 1>but Telster internet when I'm twenty percent makes no sense.

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<v Speaker 2>Electricity going up nine percent in July, so it's.

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<v Speaker 1>Higher if it went for the government rebates, right, So

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<v Speaker 1>how do they land at this figure?

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<v Speaker 3>Well, exactly, so they look at what the average person

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<v Speaker 3>spends and effectively try to create this basket. Now, they

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<v Speaker 3>strip out in some cases they strip out volatile items.

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<v Speaker 3>So if there's a flood somewhere and that affects banana crops,

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<v Speaker 3>well we'll take out bananas this reading, because they're obviously

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<v Speaker 3>going to be impacted. So there's a basket of goods.

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<v Speaker 3>The data comes out or comes across.

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<v Speaker 2>To the ABS.

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<v Speaker 3>They work out, well, what does this actually cost and

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<v Speaker 3>what's the cost increase that's occurring, and that's our print.

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<v Speaker 3>So the CPI is sort of a best guess at

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<v Speaker 3>what prices are doing.

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<v Speaker 2>But you're quite right.

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<v Speaker 3>There are some items like insurances, as an example, which

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<v Speaker 3>are going up far quicker than CPI, But because they

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<v Speaker 3>don't make up a large component of the CPI, you

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<v Speaker 3>don't see those big increases to the overall number.

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<v Speaker 1>Okay, so they're looking largely petrol prices, energy prices, food

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<v Speaker 1>and grocery prices, those sort of every day weekly staples

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<v Speaker 1>as it were. Almost okay, that helps explain it. Well,

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<v Speaker 1>do the other things you still got to have the

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<v Speaker 1>money for, don't you? Well, exactly right, Yeah, they're not

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<v Speaker 1>going anywhere. You know, you're not going to stop insuring

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<v Speaker 1>your home. Well, some are well well exactly, and some

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<v Speaker 1>of the flood affected areas that this insurance policies are

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<v Speaker 1>going through the roof if they offer them, if they

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<v Speaker 1>offer them at all, exactly, and some people are choosing

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<v Speaker 1>not to, not to take it up, and so you know,

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<v Speaker 1>then you're running the risk.

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<v Speaker 3>Okay, if there's another flood, we're not insured. What's the

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<v Speaker 3>impact on our financial positions. It's sad to see that

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<v Speaker 3>that's occurring, but that's all part of how the insurers

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<v Speaker 3>sort of reduce their risk or avoid the risk altogether,

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<v Speaker 3>because they're in it to make money. They're not there

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<v Speaker 3>for the love of it, unfortunately.

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<v Speaker 1>Okay, this from Bert question on the text line before

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<v Speaker 1>we get to the calls. He says, I'm seventy seven.

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<v Speaker 1>Every year I have to withdraw a percentage of my

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<v Speaker 1>fund this year at six percent. So my question is

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<v Speaker 1>what affect is this horrible tax? I guess this is

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<v Speaker 1>the super text we've been talking about unrealized capital games, etc.

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<v Speaker 1>Going to have on my ow fund.

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<v Speaker 3>Well, suppose if Bert's super funds over three million dollars,

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<v Speaker 3>then he'll get caught up in this division two nine

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<v Speaker 3>six tax. If it's less, then then no impact at all.

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<v Speaker 3>But say your superbalance was above three million dollars and

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<v Speaker 3>it was growing with investment returns and the like. What

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<v Speaker 3>happens is as part of the calculation, when they work out,

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<v Speaker 3>well what's the change in balance? To work out the tax,

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<v Speaker 3>they will add back with drawals from the super fund

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<v Speaker 3>or the pension account. But then they'll subtract contributions. So

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<v Speaker 3>if there are with drawers a six percent withdrawal from

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<v Speaker 3>super that gets added back on and it's effectively you

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<v Speaker 3>know you've earned that money. And the logic behind that is, well, okay,

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<v Speaker 3>we started with a smaller amount, we ended up with

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<v Speaker 3>a lower amount, but we have to add back with

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<v Speaker 3>drawals to sort of see, well what did you actually.

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<v Speaker 2>Earn for that period. So it's a good question.

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<v Speaker 3>But Bert, if your balance is below three million dollars,

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<v Speaker 3>then you're going to be okay.

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<v Speaker 1>Okay, Bert, there you go. Pasquali's called through with a question,

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<v Speaker 1>Pasquale far away.

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<v Speaker 4>Yes right, how are you good? I just I just

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<v Speaker 4>wanted I just wanted to say, is I'm single, own

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<v Speaker 4>my own home. And the three quick questions is how

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<v Speaker 4>much is the maximum I can have in savings? And

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<v Speaker 4>what is the maximum I can have in my super

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<v Speaker 4>And is there a capital games text? I heard on

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<v Speaker 4>your family on your your family home?

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<v Speaker 2>I heard, Okay, so maximum savings.

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<v Speaker 3>I would imagine that you're referring to the age pension

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<v Speaker 3>with that respect, because there's no cap on I suppose

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<v Speaker 3>how much you can have in the bank.

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<v Speaker 2>You can have whatever you want.

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<v Speaker 3>Superinnuation there are caps as well, so you know, roughly speaking,

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<v Speaker 3>there is a two million dollar threshold. Once you get

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<v Speaker 3>to two million dollars, you can't really add much more

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<v Speaker 3>into super apart from concessional contributions. But just to come

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<v Speaker 3>back to that first point about savings and superinnuation, if

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<v Speaker 3>it's in respect to the age pension and you're a

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<v Speaker 3>single homeowner, then to get the full age pension, you

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<v Speaker 3>need to have assets less than about three hundred and

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<v Speaker 3>fourteen thousand dollars. If you want to get some age pension,

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<v Speaker 3>well that cuts off at six hundred and ninety seven

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<v Speaker 3>thousand dollars. So that's for the age pension. Now the

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<v Speaker 3>third question around is there going to be a capital

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<v Speaker 3>gains tax on your family home. There's no such thing

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<v Speaker 3>at this stage. At this stage, At this stage, I'll

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<v Speaker 3>use that at this stage, who knows. So what can

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<v Speaker 3>occur though, and what could trigger a capital gains is

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<v Speaker 3>if you've ever had the family home as an investment

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<v Speaker 3>property for some period of time. So speak to your

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<v Speaker 3>accountant about the family home. Have you always lived in it,

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<v Speaker 3>has it been rented out for a period of time.

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<v Speaker 3>Perhaps there is some capital gains there, but only if

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<v Speaker 3>it's been an investment property and not your main residence.

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<v Speaker 1>All right, pasqually, good question. Thank you single and owns

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<v Speaker 1>his own home. If it it's down of Double Bay,

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<v Speaker 1>you won't be single for too long. Ago picks a

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<v Speaker 1>few boxes. It's sixteen minutes to two. I shouldn't say

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<v Speaker 1>that one, three, one, eight seven three. Interesting nat here

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<v Speaker 1>from Graham, He says, could you ask Blake, will the

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<v Speaker 1>rise in bond rates in the US? Heaven to fifth?

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<v Speaker 3>Here it can on our superannuation funds. So superannuation funds

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<v Speaker 3>invest in bonds or fixed interest assets. So how it

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<v Speaker 3>impacts us is that if we're an investment investor and

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<v Speaker 3>we've bought government bonds from the US or treasuries and

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<v Speaker 3>their interest rates are rising, the capital value of those

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<v Speaker 3>bonds declines. So you may see that there is a

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<v Speaker 3>capital decrease to that asset, so it can have an

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<v Speaker 3>impact here. Interest rates moving up over in the US

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<v Speaker 3>does add or it can reduce the Australian dollar. Although

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<v Speaker 3>if there's weakness in the United States then money will

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<v Speaker 3>flow out of the United States into other currencies and

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<v Speaker 3>therefore those currencies will appreciate. So yeah, it does have

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<v Speaker 3>some impact. We're not sort of seeing it as being

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<v Speaker 3>a doom and gloom scenario there. It's just something to

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<v Speaker 3>be mindful of. You're not going to have huge exposure

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<v Speaker 3>to US bonds in your portfolio. It's usually quite diversified

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<v Speaker 3>that side of the equation. But interest rates rising in

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<v Speaker 3>the US will have some impact on your portfolio. Expected

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<v Speaker 3>to rise, well, what's happening at the moment with their downgrade,

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<v Speaker 3>the recent downgrade that's happened over there, it means that

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<v Speaker 3>investors are expecting more from the US or higher interest

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<v Speaker 3>to take a chance or to invest in and buy

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<v Speaker 3>those bonds cover the risk, to cover the risk exactly,

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<v Speaker 3>so they're seen as higher risk. Now you know, there's

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<v Speaker 3>naturally some revenue coming through from the tariffs in the

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<v Speaker 3>US and that may help with the deficits that they're seeing.

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<v Speaker 3>They're still expected to be in deficit by about two

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<v Speaker 3>trillion dollars. So that's you know the fact that last

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<v Speaker 3>month they got I think sixteen billion dollars US. You know,

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<v Speaker 3>that's just a drop in the ocean as to what

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<v Speaker 3>they're spending. So but it's it's sort of they're trying

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<v Speaker 3>to get in get their act together the best way

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<v Speaker 3>that they can. And so if they can prove to

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<v Speaker 3>the markets that you know, their budget is coming back

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<v Speaker 3>in line and everything's looking a okay, then maybe they

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<v Speaker 3>get that triple A rating again.

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<v Speaker 2>But it's up to the up to what they do.

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<v Speaker 1>Wouldn't candle that anytime soon? Yes, Now back to this

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<v Speaker 1>division two nine to six tech. A lot of people,

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<v Speaker 1>even if they're not directly going to be impacted or

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<v Speaker 1>worried about this.

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<v Speaker 5>Now.

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<v Speaker 1>Brendan's just sent me a note that many are asking,

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<v Speaker 1>and that is Okay, Well, if your investment loses money,

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<v Speaker 1>will the government pay you?

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<v Speaker 2>Oh?

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<v Speaker 3>Certainly not No, So what's what's happening there? Is so

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<v Speaker 3>say one year your part you the tax, you're payable,

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<v Speaker 3>and then the next year you lose money. Now what

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<v Speaker 3>will happen is the hir Reill cord a higher benchmark

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<v Speaker 3>or a watermark for what your balance has reached in

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<v Speaker 3>one financial year, and you won't pay that tax or

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<v Speaker 3>that tax calculation won't take effect until your balance exceeds

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<v Speaker 3>that previous watermark or that threshold. So they're not going

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<v Speaker 3>to pay you back. They're just saying, look, if you've

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<v Speaker 3>lost money and your balance is down, if you get

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<v Speaker 3>back up to these levels or the previous levels, then

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<v Speaker 3>we'll start introducing the tax again. So you might have

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<v Speaker 3>a period of time where the balance has come down,

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<v Speaker 3>you've lost some money perhaps, and so through that period

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<v Speaker 3>where you might be making money on Suva, you haven't

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<v Speaker 3>hit that watermark just yet, then you're not going to

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<v Speaker 3>pay the tax.

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<v Speaker 1>Just quickly. On the capital gains tax and the family Homer,

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<v Speaker 1>Jeff says, there is capital gains tax if your home

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<v Speaker 1>is greater than five acres.

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<v Speaker 3>Oh, certainly yes in that situations the spot on.

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<v Speaker 1>Okay, well done, Jeff, Thank you for the ever popular

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<v Speaker 1>Blake oint from Pretzel Oil seven three. Now, I just

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<v Speaker 1>want to make the point before we go to calls

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<v Speaker 1>and tex You've always been very popular, but ever since

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<v Speaker 1>this proposal to bring in the division to nine six taxs,

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<v Speaker 1>you've been extremely popular, and I'd imagine this is true

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<v Speaker 1>across the financial advice community that people are now alert

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<v Speaker 1>to this.

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<v Speaker 3>Right Yeah, speaking with colleagues, you know, we're all getting

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<v Speaker 3>asked the same question. You know, what does this mean

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<v Speaker 3>for me? And you know what should we do to

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<v Speaker 3>get ahead of it? And so the natural reaction from

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<v Speaker 3>people is to jump and sell properties or sell assets

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<v Speaker 3>and try to get money out of super that's their

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<v Speaker 3>natural reaction a moment, which rightly so. But you can

0:11:29.920 --> 0:11:33.000
<v Speaker 3>do this after it's come into effects. So if your

0:11:33.040 --> 0:11:35.600
<v Speaker 3>plan is to reduce your balance below three million dollars,

0:11:36.720 --> 0:11:38.720
<v Speaker 3>you have until the end of the financial year in

0:11:38.720 --> 0:11:40.280
<v Speaker 3>which it comes into place. I say it comes into

0:11:40.280 --> 0:11:44.160
<v Speaker 3>a play from one July this year and on the

0:11:44.640 --> 0:11:46.840
<v Speaker 3>by thirtieth or June twenty twenty six, if you've gotten

0:11:46.840 --> 0:11:49.400
<v Speaker 3>your balance down below three million dollars, you're okay. So

0:11:49.440 --> 0:11:51.240
<v Speaker 3>there's plenty of time for people to work out what

0:11:51.280 --> 0:11:54.040
<v Speaker 3>does that actually mean for them. We don't have to

0:11:54.160 --> 0:11:58.280
<v Speaker 3>jump and react and have a bit of a flurry

0:11:58.280 --> 0:12:02.120
<v Speaker 3>to try to exit. It's okay, get some advice first.

0:12:02.120 --> 0:12:04.160
<v Speaker 3>But Jack colleagues are saying that they're being inundated with

0:12:04.280 --> 0:12:07.200
<v Speaker 3>questions around what do we actually do here, because we

0:12:07.240 --> 0:12:09.720
<v Speaker 3>don't really want to pay the tax, and you know,

0:12:09.760 --> 0:12:12.960
<v Speaker 3>you can understand why, and so they're trying to come

0:12:13.040 --> 0:12:15.480
<v Speaker 3>up with strategies to make sure the money is still working.

0:12:16.280 --> 0:12:20.400
<v Speaker 1>I can't understand why they spend it so wisely charitable

0:12:20.440 --> 0:12:20.640
<v Speaker 1>of us.

0:12:20.640 --> 0:12:21.800
<v Speaker 2>It's a very charitable cab.

0:12:22.520 --> 0:12:25.120
<v Speaker 3>So it's just one of these things that people don't

0:12:25.200 --> 0:12:28.440
<v Speaker 3>like the idea of. And so how do we navigate

0:12:28.480 --> 0:12:30.520
<v Speaker 3>around this? But we've got a bear in mind that

0:12:30.600 --> 0:12:32.439
<v Speaker 3>you know, we're taking it out of a very tax

0:12:32.480 --> 0:12:37.000
<v Speaker 3>effective environment. Perhaps investing that money personally isn't the greatest move.

0:12:37.080 --> 0:12:39.400
<v Speaker 3>So we've just got to weigh up what the consequences

0:12:39.440 --> 0:12:43.240
<v Speaker 3>look like. And everyone's portfolio is different, and so there's

0:12:43.360 --> 0:12:47.240
<v Speaker 3>different types of portfolios that have been constructed, and so

0:12:47.400 --> 0:12:49.959
<v Speaker 3>maybe it's better to just cop the tax because you're

0:12:49.960 --> 0:12:51.480
<v Speaker 3>actually going to pay less in the long run.

0:12:51.559 --> 0:12:53.959
<v Speaker 1>It's the principle that's upset people more than the practice.

0:12:53.960 --> 0:12:56.360
<v Speaker 1>I think, Okay, let's go to more calls. How Steven's

0:12:56.360 --> 0:13:00.199
<v Speaker 1>got one for you? Hi, Stephen Good you've got Blake.

0:13:00.240 --> 0:13:00.800
<v Speaker 1>What's the question.

0:13:02.120 --> 0:13:05.840
<v Speaker 6>I'm currently with one of the big industry super funds.

0:13:05.880 --> 0:13:07.840
<v Speaker 6>I've been talking to a financial planner. I'm in my

0:13:07.960 --> 0:13:11.080
<v Speaker 6>early fifties and they're recommending some of the retail funds

0:13:11.160 --> 0:13:14.600
<v Speaker 6>or platforms like PUB twenty four and other things like that,

0:13:14.720 --> 0:13:17.600
<v Speaker 6>and we's just after a bit of feedback on the difference.

0:13:18.200 --> 0:13:19.120
<v Speaker 6>The difference of the two.

0:13:19.360 --> 0:13:22.080
<v Speaker 3>Yeah, I suppose in a nutshell, and it really comes

0:13:22.080 --> 0:13:24.720
<v Speaker 3>down to what you're after. So, you know, if the

0:13:24.760 --> 0:13:27.160
<v Speaker 3>industry fund's ticking all the boxes for you, then there's

0:13:27.160 --> 0:13:29.920
<v Speaker 3>nothing wrong with the industry fund. Some of the other

0:13:29.960 --> 0:13:32.840
<v Speaker 3>platforms like a HUB twenty four or you know there's

0:13:32.840 --> 0:13:36.280
<v Speaker 3>a BT Panorama or others. You know, what they do

0:13:36.320 --> 0:13:39.959
<v Speaker 3>is they offer flexibility. And so when I say flexibility,

0:13:40.000 --> 0:13:43.120
<v Speaker 3>I'm talking about you know, you've got the world of

0:13:43.160 --> 0:13:45.679
<v Speaker 3>investment options to choose from. You can go into direct

0:13:45.720 --> 0:13:50.280
<v Speaker 3>equities or exchange traded funds. You can buy term deposits

0:13:50.320 --> 0:13:53.360
<v Speaker 3>through them. Although some industry funds do offer term deposits

0:13:53.360 --> 0:13:56.880
<v Speaker 3>as an option, so that would be the reason for

0:13:57.000 --> 0:13:58.960
<v Speaker 3>changing or going into a platform like that if you

0:13:59.000 --> 0:14:02.520
<v Speaker 3>are wanting to actually see what you're invested in. Industry

0:14:02.520 --> 0:14:05.079
<v Speaker 3>funds don't really provide this too well. They say you're

0:14:05.080 --> 0:14:07.080
<v Speaker 3>in Australian shares and you say, well, what shares am

0:14:07.120 --> 0:14:10.959
<v Speaker 3>I in? Well, Australian shares, good luck, and so the

0:14:11.000 --> 0:14:13.199
<v Speaker 3>platforms offer you the ability to say, well, actually I

0:14:13.240 --> 0:14:15.920
<v Speaker 3>want some BHP or I want some Commonwealth Bank. I

0:14:15.960 --> 0:14:19.520
<v Speaker 3>want to actually know what's going on there. The platforms

0:14:19.520 --> 0:14:21.760
<v Speaker 3>can be a little bit more expensive because you're getting

0:14:22.600 --> 0:14:25.720
<v Speaker 3>you're getting access to many different investments. So just find

0:14:25.760 --> 0:14:27.920
<v Speaker 3>out what the costs are, make sure you're comfortable with

0:14:27.960 --> 0:14:31.120
<v Speaker 3>the decision that you're making, and really it comes down

0:14:31.160 --> 0:14:32.880
<v Speaker 3>to what do you actually need and what do you

0:14:32.920 --> 0:14:34.760
<v Speaker 3>feel is the right move moving forward?

0:14:34.880 --> 0:14:37.840
<v Speaker 1>Okay, Stephen, good question. Mike's got an interesting one, high Mike.

0:14:39.320 --> 0:14:42.800
<v Speaker 5>Yeah, Look, I'm just wondering in relation to the super

0:14:43.440 --> 0:14:46.280
<v Speaker 5>I know the rules of a family home. What would

0:14:46.360 --> 0:14:49.040
<v Speaker 5>we be up against in what we're both still alive

0:14:49.160 --> 0:14:52.120
<v Speaker 5>converting our house into the boys' names?

0:14:52.520 --> 0:14:54.640
<v Speaker 2>Okay? Have you always lived in the home?

0:14:54.880 --> 0:14:55.720
<v Speaker 5>Mike? Have you? Yes?

0:14:55.840 --> 0:14:56.560
<v Speaker 2>Had always been the home?

0:14:56.600 --> 0:14:59.480
<v Speaker 3>Okay, So if you converted into the boys' name, capital

0:14:59.520 --> 0:15:01.600
<v Speaker 3>gains is unlikely to be there.

0:15:02.280 --> 0:15:04.200
<v Speaker 2>What you will be up for is stamp duty.

0:15:05.080 --> 0:15:07.440
<v Speaker 3>Now, stamp duty gets calculated based on market rates, so

0:15:07.440 --> 0:15:08.880
<v Speaker 3>you can't give it to the boys for a dollar

0:15:09.600 --> 0:15:12.040
<v Speaker 3>and expect to not pay any stamp duty. It just

0:15:12.080 --> 0:15:14.400
<v Speaker 3>won't won't happen. So you've just got to work out, well,

0:15:14.400 --> 0:15:16.400
<v Speaker 3>what's the value of the property. Maybe speak to a

0:15:16.400 --> 0:15:20.480
<v Speaker 3>real estate agent or get it valued, and then you

0:15:20.560 --> 0:15:24.080
<v Speaker 3>can go online and look up how much stamp duty

0:15:24.560 --> 0:15:27.720
<v Speaker 3>would be applicable for that transaction. You could speak to

0:15:27.760 --> 0:15:29.560
<v Speaker 3>a conveyance, so I suppose it would help you do

0:15:29.640 --> 0:15:33.640
<v Speaker 3>the title transfer, but just be aware that there would

0:15:33.640 --> 0:15:36.440
<v Speaker 3>be some stamp duty on that. You're also giving away

0:15:36.440 --> 0:15:39.040
<v Speaker 3>the family home, so if you're going to live somewhere else,

0:15:39.040 --> 0:15:42.720
<v Speaker 3>that's fine. If you're planning on renting, there could be

0:15:42.760 --> 0:15:47.800
<v Speaker 3>some Centerlink implications for doing so. Equally, you're gifting money

0:15:47.840 --> 0:15:50.920
<v Speaker 3>is away, so maybe if there could be some granny

0:15:50.920 --> 0:15:54.480
<v Speaker 3>flat right arrangements where you can get around that with Centerlink.

0:15:55.080 --> 0:15:57.760
<v Speaker 3>I'd encourage you, Mike, just to get some advice first

0:15:57.800 --> 0:16:00.240
<v Speaker 3>before you transfer it. Understand the costs UNDERSTAN and the

0:16:00.280 --> 0:16:04.040
<v Speaker 3>complications on say age pension, and make sure you're making

0:16:04.040 --> 0:16:06.840
<v Speaker 3>that informed decision because there's a few different aspects here

0:16:06.840 --> 0:16:08.400
<v Speaker 3>that you might want.

0:16:08.240 --> 0:16:08.600
<v Speaker 2>To look at.

0:16:08.640 --> 0:16:10.680
<v Speaker 1>A couple of knock ons. Good question though, Thank you, Mike,

0:16:10.720 --> 0:16:13.040
<v Speaker 1>Thank you Blake. A lot of questions still coming through.

0:16:13.080 --> 0:16:15.120
<v Speaker 1>You'll here same time next week. We'll dealve into them.

0:16:15.120 --> 0:16:15.880
<v Speaker 2>Then we'll see you there.

0:16:15.960 --> 0:16:17.800
<v Speaker 1>All the best Blake went there from Pretzel. Don't forget

0:16:17.800 --> 0:16:20.640
<v Speaker 1>that complimentary consultation. Book it with Blake today Pretzelwealth dot

0:16:20.680 --> 0:16:21.280
<v Speaker 1>com dot au