In this video, we look into the world of tax-efficient investing in the Australian share market. We'll explore the benefits of franking credits distributed by Listed Investment Companies (LICs) and ETFs, comparing their impacts on investment returns.
Australian listed companies are known for higher dividends and franking credits, while there is often a debate over whether using LICs or ETFs is a better tax efficient vehicle as the amount of franking credits distributed can vary. But which investment vehicle is better for tax efficiency? Join us as we analyze real-world investment scenarios to uncover the answer.
Key Points Covered:
- Understanding franking credits and their tax-saving benefits.
- Evaluating the tax efficiency of LICs (AFI) versus dividend-paying ETFs (VAS)
- Highlighting tax strategies such as deferring capital gains, utilizing franking credits, and optimizing tax brackets for long-term tax efficiency.
Whether you're a seasoned investor or just starting, understanding tax-efficient investment strategies is crucial. Watch the video for practical insights and strategies to enhance your investment returns while minimizing tax liabilities.
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💰 The Excel Template that I use to track my taxes can also be purchased at my online store here: www.etsy.com/au/shop/MoneyWit...
LINKS MENTIONED
💰How to Enter ETF Tax Statement in MyGov Tax Return with no Pre Fill | 2023 Australian Tax Return • How to Enter ETF Tax S...
💰 Capital Gains Tax (CGT) on Shares and ETFs for Beginners | Australia 2022 Tax Return • Capital Gains Tax (CGT...
💰How Capital Gains Tax is Calculated in Australia • How Capital Gains Tax ...
OTHER VIDEOS
✔️ Why my 2022 Australian TAX REFUND was higher than normal 💰💰😄 • Why my 2022 Australian...
✔️ Higher WORK FROM HOME deduction in your 2022 Australian Tax Return • Video
✔️ Tax File Number (TFN) Declaration Form | Explained | AUSTRALIA only • Tax File Number (TFN) ...
✔️ How to track expenses for TAXES automatically | less Excel data entry work for SMALL BUSINESS • How to Track Expenses ...
ATO LINKS
🔗 MyGov help login.my.gov.au/mygov/content...
🔗 Work from Home Expenses instructions and COVID-19: www.ato.gov.au/general/covid-...
🔗 Carry forward unused concessional contributions www.ato.gov.au/individuals/su...
🔗 Claiming deductions for personal super contributions www.ato.gov.au/individuals/su...
DISCLAIMER: it is important to note that the information in this video is for general information and entertainment purposes only and is not a replacement for professional advice. Money with Dan is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how the information in this video relates to your unique circumstances.
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#TaxEfficientInvesting #FrankingCredits #CGTDiscount #AustralianShares #InvestmentStrategies
30 апр 2024
