Del I want to come and live with you!!! PLEASE?? I can bring all my animals too! LOL
As for shifting….Ill be at work that day…no no I just CAN NOT get time off….oh what a shame….*sigh* [][] I will leave for work from one house….and come home to a different one! LOL
Fullout, the novated lease means that the car is registered in my name, but the company pays the lease (about 6%) and if I leave the company, I have to take over the lease.
C2, you have to consider what an old bomb would cost me anyway. My 5.3k includes 30,000km pa, which costs in petrol alone 30,000 X 10.8L/100km X 74c = $2397. Rego is $683,…[Read more]
Can’t sleep, so figured I’d say g’day. You have me thinking, so yes, you have contributed thank you. I’m hoping that there may be a difference between gains tax and income tax, but this is what I understand to be true.
As I understand to date, yep at your marginal rate if on the top marginal rate. Income is income as a sole…[Read more]
Keith, P&I or IO has little bearing on your tax situation, just your cash flow. Sure with P&I you are going to be reducing the principal and therefore your interest payable, but not by a big percentage in the early years. Eg on a 100k loan @ 6%, 25 years P&I payments are $644, cf $500 I/O. After 12 months the residual will be $98219, which would…[Read more]
Hi all, If you can wangle a car as part of your pay packet, with a novated lease, then it can be pretty cheap to own a new car, provided you do at least 25000km pa. My car was 38000 new, but it only costs me 5,300 out of my net wage pa. This includes the lease payments, and all petrol, rego, insurance and maintenance.
The only trouble is that I…[Read more]