For a generation, Australian investors were advised to hold their investments until they retired. Then once they entered tax-free retirement, they could largely sidestep CGT tax. This central plank of financial advice is finished: Every retiree will now pay a minimum 30 per cent tax and nobody will escape.
Dr Adrian Raftery, author of ‘101 ways to save money on your tax – legally’ joins Associate Editor, James Kirby in this episode.
In today’s show, we cover:
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The shock change to investor retirement benefits
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How the CGT new minimum rate is the sleeper issue for long-term investors
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Examining how tax planning must reflect the wider budget changes
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My shares have gone to zero – can I claim a tax loss?
Listen to the Money Puzzle Podcast on the Australian website