Home Equity Access Scheme: Australian Investors Series
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- Опубликовано: 15 окт 2024
- Dr. Sam Wylie explains how Australian investors aged 67 years or older can access funds for investing through the Home Equity Access Scheme.
Dr. Wylie explains how citizens over 67 can borrow money from the Australian Government against the equity in their homes at low-interest rates.
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Thanks for another great video Sam! What's the advantage of using a family trust after they can no longer contribute to super? I did your finance course back in 2020 - maybe I need to take a refresher!
Thanks Joseph. A family trust allows discretion over which of the beneficiaries receives the income and realised capital gains from the investments. Income and capital gains can be distributed to the family members who have the lowest incidence of tax (especially children in the 18-25 yo span and retirees). If no one has a low incidence of tax, then the distributions can be stored in a corporate beneficiary (bucket company). If you email tracey tjones@windlestone.com.au she can sign you up for the May course as an alumnus with a big discount. Cheers, Sam
@@drsamwyliefinanceeducation9181Oh yes, that makes sense. Thanks for the reply!
Great information, I never knew this was possible.
Glad it was helpful!
Great presentation, Sam! Wasn't aware about this scheme either, pity I'm not old enough yet to benefit from it.
Thanks Ron. Perhaps your older relatives can use it.
Great strategy ... but is this viable I your a pensioner ?
Hi Bruce, because it is a loan it doesn't affect the aged pension assets test or income test. So no change to the aged pension. Cheers, Sam
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Are there any tax implications?
Great strategy!
Thanks Peter, let me know how implementing.
The way things are going in this country pensioners who are fortunate enough to own their own homes will need to borrow the money just to pay the bills.
No, they'd be better investing it and using the dividends to pay their bills.
What happens when they die at 72 yeas old ?
The house is part of their estate. If it is sold then the HEAS debt is paid off in the settlement process. If the beneficiaries of the will choose to hold onto the property, then they pay the HEAS debt to the Federal Government. Cheers, Sam
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