A comprehensive e-book detailing 10 debt management strategies available to Australians. This e-book tracks an easy to follow case study and displays how to save time, money, and tax.
Debt used to purchase non-investment, or lifestyle assets, such as cars, boats or the home you live in, is usually referred to as bad debt. This debt is not tax deductible so the interest can’t be offset against your personal income to reduce the income tax you pay.
Debt used to purchase income-producing assets, such as property or shares, is usually referred to as good debt. The interest costs associated with these assets can offset the amount of income tax you pay. This reduction in personal tax helps fund the holding costs of the assets, making further investment possible.
Nexus can thoroughly review your financial situation and investigate the most efficient methods for replacing bad debt with good debt. Your financial position can be improved by reducing loan terms, reducing tax payable and reducing interest payable.
The first step is to understand you, your circumstances and the things that are important to you going forward.
We draw upon the knowledge and experience of a range of financial specialists in formalising our recommendations.
We take a strategic approach to optimise financial outcomes, achieve your goals and realise your full potential.
© 2021 Nexus Private Wealth Management
Financial Concierge services provided by Nexus Private Wealth Management Pty Ltd – ABN 37 641 644 251 | Lending services provided by Nexus Private Lending Services Pty Ltd – ABN 37 169 705 926 (ACL no. 463839) | Investment Property services provided by National Property Advisory Pty Ltd – ABN 52 159 828 038 (REA no. 3565433) | Accounting and Taxation services provided by Nexus Private Accounting Services Pty Ltd – ABN 84 169 784 329 (RTA no. 25331778) | Nexus Private Financial Planning Pty Ltd, ABN 58 159 649 055, Authorised Representative Number 425962 of Hunter Green Pty Ltd, Australian Financial Services Licence No. 225962. Although the same Adviser may offer you services under the above businesses, each business is solely and separately responsible for the advice they each provide. In particular, Hunter Green is only responsible for the financial planning services provided by Nexus Private Financial Planning.
Any advice contained in this website is General Advice and does not take into account your objectives, financial situation or needs. Before acting on any General Advice, you should consider whether it is appropriate in light of your particular objectives, financial situation or needs. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) for that product before making any decisions.