Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we will discuss franking credits - how it works, the tax benefits, as well as its advantages for creating passive income. We highlight the tools used to optimize and maximize opportunities, including the concessional environment and preservation rules. We discuss how passive income associated with a particular stock versus passive income associated with property has different advantages and disadvantages. We also talk about the role of a good management team in deciding what to do with the profits generated from your investments.
Most importantly, it is important to have flexibility in your investment strategy to anticipate future needs.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
Passive income from property and shares, including capital growth and dividends
About dividends and its relation to Franking credits
Franking credits - what they are, how they work, and their tax benefits
Diversification of investment markets
About assets
Passive income associated with a particular stock versus passive income associated with property
Flexibility in your investment strategy
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