💰Get $20 FREE if you sign up to Ubank with my code & make 3 (tiny) purchases: www.ubank.com.au/refer-a-friend-invitees Use Code: MDPYUAG Ubank Review Video: ua-cam.com/video/Dch9Yvq_NLo/v-deo.html
Yeah, I agree Ian. Its such a shame they teach you how to calculate the circumference of a circle but not how to open a high interest savings account, how to fill in your tax return, or how to use a credit card responsibly.
Hi, I recently came to Australia (February) and i got into a job as casual worker. My these 5 months gross payment for the YTD is $16660 and Tax(PAYG) for YTD is $4760. How much I can get it as Tax Return? Please guide me. Thanks
@@wesleydavesh705 You made $16660 which means you dont have to pay any tax, your withheld tax(PAYG) was $4760, so your tax refund is $4760 because you dont need to pay any tax under $18200
I'm new in Australia. Started following your videos for investment & now for taxation understanding purposes. Thank you. I appreciate your help ❤ I have recommended my friends to watch your channel
You're off your tree brother. Thanks yet again for the explanation, It's made sense of the 2% deficit in my defined benefit payments. I did suspect that's what it would be but I'm not paying the accountant so I can do all the thinking. Cheers mate.
There's been a lot of videos of people having to PAY MORE tax after doing their tax return. Can you explain what the removal of the $1,500 low income and HECS have to do with this?
Would anyone else recommend another channel to further my knowledge on money? I have watched all of Bryan’s videos and wanting to further study, thanks guys❤️
I'm currently doing cert IV in accounting bookkeeping. This was very helpful. In fact, it was so helpful, I watched to the end. Broccoli looks like a tree.
yes... the grubberment is corrupt as fk... and steal our money becuase they are useless as fk at creating soverign wealth, they have to steal our money first, then line theirs and their buddies pockets, then waste it all on useless projects that are ALWAYS blown way over budget Tree🌲
Hi Bryan, thanks so much for the video. Can you ease make a video explaining PAYG for small businesses, I never use to get a quarterly income tax bill but now I do. We earn about $40-50,000 a month but about 40 of that goes back to the business each month. Is the reason why we are getting PAYG taxable income each quater because we don't get one at the end of the year? How do they work out our tax income for the quater? Would appreciate the help. Me and my partner don't understand what's going on.
Hello! I believe you can adjust how much PAYG tax is charged per quarter. At the end of the day, the ATO are pretty good at charging you exactly how much you have to pay for the year. It comes down to if you would like to evenly spread your tax per quarter or get one giant hit during tax time. So if you prefer to pay a larger chunk at the end of the year then you can request it. Check out this article: business.gov.au/finance/taxation/pay-as-you-go-payg-instalments Good luck with the business! I'll put this video idea on the list 😊
Do you mean interest you receive from a savings account? It will be added to your total taxable income along with your salary etc. You will pay your marginal rate on it. Your bank will usually have a year end summary of total interest earns for the year and you just add it in as additional income in your tax return.
Hello! Thank you so much for this video. I have a question. I am sorry as it may sound dumb but do we have to pay taxes for the money we receive for overtime as well?
Hi Bryan, For those who fall under 18000 tax bracket and some of their tax was withheld by employer, and it says no tax to be paid by individuals under those bracket. Do they gonna get all those tax withheld back after lodging? or how is it gonna work regarding getting that tax return.
Hi Bryan, can you please make one video about GST. Many of my friends UBER driver or Amazon driver . We are confused about how the income tAX work if someone futile job is on TFN & part time job is on ABN. If possible make a small video. It help us lot . Thanks in advance
Hi, I recently came to Australia (February) and i got into a job as casual worker. My these 5 months gross payment for the YTD is $16600 and Tax(PAYG) for YTD is $4760. How much I can get it as Tax Return? Please guide me. Thanks
Thank you for the information. Just a question, if a person works more than one job, how does the calculator work? Does the taxable income of all sources get combined to calculate the tax or does each income stream get the tax calculation on its own?
Hi Junqing, your taxable income will be combined for both job. So it doesn't matter if you earn 100K in one job or 50K each in 2 jobs. You will essentially pay the same tax overall. A common misconception is that you pay more tax on a second job. However, that is because you usually get 18.2K tax free in job 1 so your tax seems higher in job 2. Hope this makes sense.
Thanks for the info! Quick question though, what happens if I have two jobs? How does the tax work for this, and which job should have the "tax free threshold" box checked on the application form? I'm about to end up with a full time and part time job and not sure what I'm supposed to do to make sure it's right, thank you! TREE.
Your total income from both jobs will be combined and taxed accordingly as per the brackets. Your tax free threshold is usually claimed from the job that pays more. If you’re unsure which job you have nominated, you can check with your payroll or admin officer. Good luck!
Hey Bryan What about the tax which get deducted from our employer? Lets say, I make 100k a year, my tax is around 22k, but I have already paid 14k as per my payslips throughout the year. So I just need to pay the remaining 8k at the end of financial year right? Love your content mate! Thanks Raghav
Hey Raghav, yes that's correct. The 14K is your Pay As You Go (PAYG) instalments that are charged through out the year so that you don't end up paying the entire 22K in one go at financial year end. Also, don't forget to include the medicare levy to your tax calculation (it will automatically be applied in your tax return).
hi what if someone work full time in Australia as a teacher and part time provide graphic design services in online market places like fiverr, upwork etc.?
I believe Australia has a tax treaty with Canada so you won't be double taxed. If you're an Australian resident for purposes while living here then the same rules will apply.
@@BryanInvest thanks! After a recent pay rise, procurement said I’m now a “victim” of tax bracket creep and might want to salary sacrifice further. I don’t really understand the concept of tax bracket creep.
@@scott-wright basically means your higher salary is pushing you into a higher tax bracket. But the misconception is that you will have to pay the higher tax rate on ALL your salary. However, it's not true. As per the tax brackets, you are only charged the higher rate on the portion of your income that went over the threshold. Although, salary sacrifice is a great way to save further tax. Check out this video: ua-cam.com/video/9dKnnk5jpVQ/v-deo.html
Great video and awwsome visuals to go with it. As you have a young child, I'd like to to know your thoughts on starting an investing account for them to give them a head start. I have looked into microinvesting and trust accounts. Could make a good video idea
Thank you! Well, you could open an account for your child and have your name as the Trustee. The balance can be transferred over when they turn 18. I'll definitely make a video about it in the future!
It would be great to get a summary on a retired persons tax obligation if say he invested in stocks and traded them a number of times during the tax year and and drove a, say, AUD $100,000 + $100,000 International stocks = AUD $200,000 and sold all in one time and received AUD $270,000 in total netting AUD $70,000 in one tax year. Then what happens if he didn't sell any nor did he receive any dividends etc . . .
Profits are treated as income and taxed as such, so you net 70 grand (capital gains) you pay the normal marginal tax rate on a 70,000 income, if held for more than a year you receive a 50% discount so you would apply the marginal tax rate equivalent to a $35,000 income. Profits from international equities are treated differently depending on the specific country and the tax treaties and conditions for Australians I think
@@TryABaconSlice Hey mate, yes you are right. There are right. 1. You will be taxed on your capital gains based on your marginal tax rate. You will receive a 50% CGT discount if you sell after 12 months. You can also offset your capital gains with any capital losses. However. you cannot use capital loss to reduce your taxable income. 2. You will be taxed on dividends even if you auto reinvest them. If your shares don't pay dividends then you don't pay any tax for just holding them.
@@BryanInvestI thought that companies that pay dividends already paid tax on them, so if I received $2k in dividends and reinvested them ->> that $2k is added to my taxable income?
I am 67 and rely on account base income stream for living as I also have rental income so I must do my tax return in which I must declare my income stream payment but my payment is not assessable income with no PAYG issued by my super fund may I ask how I fill up my tax return? Thanks for your attention and assistance.
No problem mate, would you have any other channels to recommend with content like yours surrounding Australian money etc? I have watched all of your videos and am looking for anything, (doesn’t have to be UA-cam)
If you're not an Australian resident, you will be charged the foreign resident tax rate which is a bit higher: www.ato.gov.au/tax-rates-and-codes/tax-rates-foreign-residents
Good morning just watch your video on the Australian tax laws. And can I say excellent description. But your speaking far too fast. Would appreciate if you can slow it down a little so i can fully grasp and understand you. Also your video has disappeared. Thank you again
While playing any video, click the Cog symbol at the top right. There you can alter the playing speed. I use 0.75x for Bryan’s videos… Hope that helps.
@@BryanInvest I don’t understand why I’m paying medical Levy when I’m currently paying for private insurance. My tax guy has yet to answer these questions. He keeps blapping and dances around it.
@@mikediao15 majority of people in Australia have to pay the 2% medicare levy even if you have health insurance. However, there is something called the medicare levy SURCHARGE which taxes an additional 1% to high income earners. If you earn over 93K, you will be charged this surcharge. To avoid this, you can take out an appropriate level of hospital cover (health insurance). So yeah, if you can escape the medicare levy surcharge but not the medicare levy. Hope this makes sense.
@@mikediao15If you have an accident or have a critical health event, you will probably be taken straight to Emergency at a public hospital. You will pay nothing for treatment there as you have paid for Medicare in your tax.
@@BryanInvest it's a sad truth, I know the government has laid off sooo many senior project managers and hired far less novice ones to replace them. They were amazing project managers as well, now all projects are run by kids fresh out of uni with no experience. Must admit I've been binge watching your videos, great to see someone so positive about Aussie finance
@@r4z0r84 that really sucks. Something is seriously wrong if are hiring inexperienced people for senior positions! Thanks for the kind words mate. Many more Aussie videos to come!
I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.
When Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Keeping money in the bank is like paying banks and the Government. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
‘Grace Adams Cook’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
💰Get $20 FREE if you sign up to Ubank with my code & make 3 (tiny) purchases: www.ubank.com.au/refer-a-friend-invitees
Use Code: MDPYUAG
Ubank Review Video: ua-cam.com/video/Dch9Yvq_NLo/v-deo.html
I think you missed super annuation calculation in this video, since it is not take home entirely.
Tree.....OMG ...Why is this not taught in schools... I am 58 and just learnt so much new tax information.... Awesome
Yeah, I agree Ian. Its such a shame they teach you how to calculate the circumference of a circle but not how to open a high interest savings account, how to fill in your tax return, or how to use a credit card responsibly.
Hi,
I recently came to Australia (February) and i got into a job as casual worker. My these 5 months gross payment for the YTD is $16660 and Tax(PAYG) for YTD is $4760. How much I can get it as Tax Return? Please guide me. Thanks
@@wesleydavesh705
You made $16660 which means you dont have to pay any tax, your withheld tax(PAYG) was $4760, so your tax refund is $4760 because you dont need to pay any tax under $18200
I'm new in Australia. Started following your videos for investment & now for taxation understanding purposes. Thank you. I appreciate your help ❤
I have recommended my friends to watch your channel
Thank you mate! I appreciate that. Welcome to Australia. I hope you enjoy your stay here 🇦🇺💙
TREE! just stumbled upon one your videos today. I'm now 3 videos in and still going. Thanks for these very informative videos.😊
Cheers Marc. Thanks for watching!
You're off your tree brother. Thanks yet again for the explanation, It's made sense of the 2% deficit in my defined benefit payments. I did suspect that's what it would be but I'm not paying the accountant so I can do all the thinking. Cheers mate.
Haha, love that last sentence. Wish you all the best, brother!
tree. Im currently learning this for an exam I have coming up and this has really helped! Thanks!👍
Awesome! Glad it helped. Hope you ace your exam! 👍
Thank you Bryan, for teaching me what school couldn't!
Haha, I try. Thanks for watching! 🙏
Simple explanation makes it easy to understand. Thank you❤
Thank you for that. I really appreciate it ☺️
I was waiting to see what Tree meant 😂 great video! Very informative, thank you.
It takes 20-30 years to grow a tree. Same can be said about our wealth 😎🌴
Tree!! I watched this because I thought we had already changed into the new tax brack 45-200! Turns out that’s next year dang it
Haha yeah, I guess I’ll have to do another video when the new tax brackets apply next year 😄
Tree!!! Thanks. Keep up with this kinds of content, iys very helpful specifically to those new to Australia like me
No problem Erin! Welcome to Australia. Hope you are enjoying your stay 🦘
There's been a lot of videos of people having to PAY MORE tax after doing their tax return. Can you explain what the removal of the $1,500 low income and HECS have to do with this?
Would anyone else recommend another channel to further my knowledge on money?
I have watched all of Bryan’s videos and wanting to further study, thanks guys❤️
I'm currently doing cert IV in accounting bookkeeping. This was very helpful. In fact, it was so helpful, I watched to the end. Broccoli looks like a tree.
Haha cheers Dave. I love my broccoli 🥦
Tree! Excellent presentation mate! Cheers!
Thank you! 🌳
Finally now i understand the tax and tax brackets
Glad it helped mate 👍
yes... the grubberment is corrupt as fk... and steal our money becuase they are useless as fk at creating soverign wealth, they have to steal our money first, then line theirs and their buddies pockets, then waste it all on useless projects that are ALWAYS blown way over budget
Tree🌲
Dope setup man! Love your videos & your vibe. Big TREES
Thanks a lot my dude! I appreciate the support ✊
Tree. Thanks for the info Bryan! I had incorrect understanding on how tax was calculated. Appreciate it.
Hello! Glad this video helped you out 😊
TREE. Well explained. Subscribed. Love yr talking pace. ❤
Thank you, Susan ☺️ makes me happy that someone likes my talking speed!
people say i talk fast but u talk faster that i have to keep rewinding to understand :-) in places where i could not catch soon
Haha fair enough. I'm trying really hard to slow it down in future videos!
Thank you for this video. Very helpful for the newbie’s in Australia.
No problem! Thanks for watching 😄
tree! genuinely have never been able to understand this stuff, tysm
Great to hear it was helpful! Good luck 😉
Hi Bryan, thanks so much for the video.
Can you ease make a video explaining PAYG for small businesses, I never use to get a quarterly income tax bill but now I do. We earn about $40-50,000 a month but about 40 of that goes back to the business each month. Is the reason why we are getting PAYG taxable income each quater because we don't get one at the end of the year? How do they work out our tax income for the quater?
Would appreciate the help. Me and my partner don't understand what's going on.
Hello! I believe you can adjust how much PAYG tax is charged per quarter. At the end of the day, the ATO are pretty good at charging you exactly how much you have to pay for the year. It comes down to if you would like to evenly spread your tax per quarter or get one giant hit during tax time. So if you prefer to pay a larger chunk at the end of the year then you can request it. Check out this article: business.gov.au/finance/taxation/pay-as-you-go-payg-instalments
Good luck with the business! I'll put this video idea on the list 😊
Tree! Thank you for another great video Bryan. You explained things so well as per usual
Appreciate your continued support Frank!
LEGEND!!! Crystal clear, brutha! Cheers!!!
Awesome! Glad it helped bro 👊
@@BryanInvest u should do a new one with the stage3 taxes for 2024 and beyond
@@rodrigo.gibson Yeah definitely. It's on my list! Cheers bro 👊
I was a bit confused on that, thanks bro! Legend!
No worries champ! All the best ✊
How would you calculate additonal income like interest savings into tax then?
Do you mean interest you receive from a savings account? It will be added to your total taxable income along with your salary etc. You will pay your marginal rate on it. Your bank will usually have a year end summary of total interest earns for the year and you just add it in as additional income in your tax return.
Good day bryan can you make a video how the company deduct the tax of your weekly salary.
Good idea. I'll put it on my video idea list. Thanks 😊
Is it the same tax table charges whether you are an Employee or a small one man business . An ABN
?
I believe it is if you are registered as a sole trader.
Hello! Thank you so much for this video.
I have a question. I am sorry as it may sound dumb but do we have to pay taxes for the money we receive for overtime as well?
Hi, no dumb questions here 😊
Yes, overtime is still considered income so it will be added to your total taxable income in your tax return.
@@BryanInvest Thank you so much for the information. I truly appreciate it. 🙏
Hi Bryan,
For those who fall under 18000 tax bracket and some of their tax was withheld by employer, and it says no tax to be paid by individuals under those bracket.
Do they gonna get all those tax withheld back after lodging? or how is it gonna work regarding getting that tax return.
It should be refunded to you when you do your tax return.
Treetastic! Quick and clear summay, thank you!
Thanks for watching! 🌳
This video is excellent! I just need to slow down the playback speed though haha...
Tree! Very well explained Bryan. Thanks a lot.
Thank you! Glad it helped 😉
Tree, this is awesome work.. much appreciated.....
Thanks for the nice comment! 😄
You might want to clarify that in some circumstances with HECS/HELP increases in pay can decrease take home pay at a certain level.
Thanks mate. Great point! Unfortunately, I have to try fit everything into a 10-15 minutes format so cannot mention every single variable.
Hi Bryan, can you please make one video about GST. Many of my friends UBER driver or Amazon driver . We are confused about how the income tAX work if someone futile job is on TFN & part time job is on ABN.
If possible make a small video.
It help us lot . Thanks in advance
That's a great idea. I'll put it on the list mate. Thank you.
Do u know how they arrive at 26500 and the rest of the tax figures?
Hi,
I recently came to Australia (February) and i got into a job as casual worker. My these 5 months gross payment for the YTD is $16600 and Tax(PAYG) for YTD is $4760. How much I can get it as Tax Return? Please guide me. Thanks
THREE...some 🤣. Excellent brother.
Thank you for the information. Just a question, if a person works more than one job, how does the calculator work? Does the taxable income of all sources get combined to calculate the tax or does each income stream get the tax calculation on its own?
Hi Junqing, your taxable income will be combined for both job. So it doesn't matter if you earn 100K in one job or 50K each in 2 jobs. You will essentially pay the same tax overall. A common misconception is that you pay more tax on a second job. However, that is because you usually get 18.2K tax free in job 1 so your tax seems higher in job 2. Hope this makes sense.
Thanks for the info! Quick question though, what happens if I have two jobs?
How does the tax work for this, and which job should have the "tax free threshold" box checked on the application form?
I'm about to end up with a full time and part time job and not sure what I'm supposed to do to make sure it's right, thank you!
TREE.
Your total income from both jobs will be combined and taxed accordingly as per the brackets. Your tax free threshold is usually claimed from the job that pays more. If you’re unsure which job you have nominated, you can check with your payroll or admin officer. Good luck!
@@BryanInvest Thank you! I will swap that over with my part time job when I'm on the books at the new full time job
Brian great tutorial! How do you calculate income from a second job or buisness? My case i work full time and drive UBER for about 10hrs a week.
Thank you Bryan I learnt a lot
That's great! Thanks for watching.
Hey Bryan
What about the tax which get deducted from our employer?
Lets say,
I make 100k a year, my tax is around 22k, but I have already paid 14k as per my payslips throughout the year. So I just need to pay the remaining 8k at the end of financial year right?
Love your content mate!
Thanks
Raghav
Hey Raghav, yes that's correct. The 14K is your Pay As You Go (PAYG) instalments that are charged through out the year so that you don't end up paying the entire 22K in one go at financial year end. Also, don't forget to include the medicare levy to your tax calculation (it will automatically be applied in your tax return).
Thank you. This is a good explanation.
Thanks Alan! I appreciate it.
How is rental income tax calculated? Say you make $200k and $20k rental income, do u get taxed on rental income at the highest tax bracket?
What’s the cut off date to do tax return? Is it better to see an agent? (Tree)
Cut off is 31 October. If you use a professional tax agent, you have up until May.
hi what if someone work full time in Australia as a teacher and part time provide graphic design services in online market places like fiverr, upwork etc.?
Yeah, you need to pay tax on both your full time and part time job. Australia is quite strict with their taxes.
thankyou..can you make video on us options tax ..should we pay it differently or webull does it for us??
How complicated is for Canadian expats ?
I believe Australia has a tax treaty with Canada so you won't be double taxed. If you're an Australian resident for purposes while living here then the same rules will apply.
Tree! Can you do a video on tax bracket creep?
Interesting topic. I shall put it on the list for future ideas. Thanks!
@@BryanInvest thanks! After a recent pay rise, procurement said I’m now a “victim” of tax bracket creep and might want to salary sacrifice further. I don’t really understand the concept of tax bracket creep.
@@scott-wright basically means your higher salary is pushing you into a higher tax bracket. But the misconception is that you will have to pay the higher tax rate on ALL your salary. However, it's not true. As per the tax brackets, you are only charged the higher rate on the portion of your income that went over the threshold. Although, salary sacrifice is a great way to save further tax. Check out this video: ua-cam.com/video/9dKnnk5jpVQ/v-deo.html
This is my first tax return in Australia, do I get all in return for the first year?
Great video and awwsome visuals to go with it.
As you have a young child, I'd like to to know your thoughts on starting an investing account for them to give them a head start. I have looked into microinvesting and trust accounts. Could make a good video idea
Thank you! Well, you could open an account for your child and have your name as the Trustee. The balance can be transferred over when they turn 18. I'll definitely make a video about it in the future!
TREErific video 🌲 does it matter what type of health insurance you get to avoid the medicare levy?
Haha love it. You’ll need one that has hospital cover. Check with the provider to ensure it qualifies first before signing up.
It would be great to get a summary on a retired persons tax obligation if say he invested in stocks and traded them a number of times during the tax year and and drove a, say, AUD $100,000 + $100,000 International stocks = AUD $200,000 and sold all in one time and received AUD $270,000 in total netting AUD $70,000 in one tax year.
Then what happens if he didn't sell any nor did he receive any dividends etc . . .
Profits are treated as income and taxed as such, so you net 70 grand (capital gains) you pay the normal marginal tax rate on a 70,000 income, if held for more than a year you receive a 50% discount so you would apply the marginal tax rate equivalent to a $35,000 income.
Profits from international equities are treated differently depending on the specific country and the tax treaties and conditions for Australians
I think
And if you didn't sell any or receive dividends you made no 'income' for the FY therefore have no tax obligation
@@TryABaconSlice Hey mate, yes you are right. There are right.
1. You will be taxed on your capital gains based on your marginal tax rate. You will receive a 50% CGT discount if you sell after 12 months. You can also offset your capital gains with any capital losses. However. you cannot use capital loss to reduce your taxable income.
2. You will be taxed on dividends even if you auto reinvest them. If your shares don't pay dividends then you don't pay any tax for just holding them.
@@BryanInvestI thought that companies that pay dividends already paid tax on them, so if I received $2k in dividends and reinvested them ->> that $2k is added to my taxable income?
Is it counted in every financial year?
I am 67 and rely on account base income stream for living as I also have rental income so I must do my tax return in which I must declare my income stream payment but my payment is not assessable income with no PAYG issued by my super fund may I ask how I fill up my tax return? Thanks for your attention and assistance.
Hey mate, I would definitely go see a tax accountant for your situation. Sorry, there I don't want to make a guess and give you the wrong info.
good job brian
Thanks!
Your videos are awesome 👏🏽 I
I appreciate that! Thank you 💛
No problem mate, would you have any other channels to recommend with content like yours surrounding Australian money etc?
I have watched all of your videos and am looking for anything, (doesn’t have to be UA-cam)
Great video, nice trees 🌳
Thanks mate. Much appreciated 🌴
This applies on everyone ??? What about who's not Australian resident??
If you're not an Australian resident, you will be charged the foreign resident tax rate which is a bit higher: www.ato.gov.au/tax-rates-and-codes/tax-rates-foreign-residents
Tree, thanks for the vid.
💚
Big thanks for all the info ❤
yes brian
Good info Bryan. Tree 🌴
Thanks John 👊
Thank you
❤️
tree thank you
😃
Hey Brian, love your videos! Are you a practising accountant? If so, could we book you in?
Thanks Jemma! I am an accountant but I'm not available for booking sorry 🙂
Tree. Great video
Thanks!
is Australia has tax on youtube earnings ?
Yes it does. Basically Australia will tax you for all forms of income including UA-cam Adsense.
TREE!!!!! Thank you !!!
You’re welcome, Hayley. Thanks for the support! 👍
Great info
Thank you!
Interested !!
TREE👌
Tree ❤
Lovely
😊
Source 2024
Good morning just watch your video on the Australian tax laws. And can I say excellent description. But your speaking far too fast. Would appreciate if you can slow it down a little so i can fully grasp and understand you. Also your video has disappeared. Thank you again
Thanks Gerald. Yeah, I speak quite fast naturally. I actually speak faster in real life haha. But I've been trying hard to slow down for the camera.
While playing any video, click the Cog symbol at the top right. There you can alter the playing speed. I use 0.75x for Bryan’s videos… Hope that helps.
Thanks for the great tip, I played at 1.5x and can still understand you Brian.
Love your channel and content, has helped me enormously.
@@michaelstefanidis4826 Haha thank you Michael. This honestly made my day that someone can still understand me at 1.5x speed let alone normal speed! 😄
I like your energetic pacing, it contributes to a positive vibe. I'm glad you are not one of the litany of slow speaking UA-camrs
Tbx so much
TREE
💙
Thats alot of Tax😢
But why am I paying 31k tax for my 89k income??
For 89k, you should only be paying 19.4k (Income tax) + 1.8k (Medicare levy).
@@BryanInvest I don’t understand why I’m paying medical Levy when I’m currently paying for private insurance. My tax guy has yet to answer these questions. He keeps blapping and dances around it.
@@mikediao15 majority of people in Australia have to pay the 2% medicare levy even if you have health insurance. However, there is something called the medicare levy SURCHARGE which taxes an additional 1% to high income earners. If you earn over 93K, you will be charged this surcharge. To avoid this, you can take out an appropriate level of hospital cover (health insurance). So yeah, if you can escape the medicare levy surcharge but not the medicare levy. Hope this makes sense.
@@mikediao15If you have an accident or have a critical health event, you will probably be taken straight to Emergency at a public hospital. You will pay nothing for treatment there as you have paid for Medicare in your tax.
🌳
🌴
tree!!
😊
Tree 🌳👍🏻
🌴✊
45 - 120k in one bracket is such a bullshit.
Yeah I tend to agree. Doesn’t really help low income earners.
project manager $220k per year, 2023 he just gets laid off and now earns nothing. but nice hypothetical.
😅
@@BryanInvest it's a sad truth, I know the government has laid off sooo many senior project managers and hired far less novice ones to replace them. They were amazing project managers as well, now all projects are run by kids fresh out of uni with no experience.
Must admit I've been binge watching your videos, great to see someone so positive about Aussie finance
@@r4z0r84 that really sucks. Something is seriously wrong if are hiring inexperienced people for senior positions!
Thanks for the kind words mate. Many more Aussie videos to come!
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I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.
When Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Keeping money in the bank is like paying banks and the Government. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
‘Grace Adams Cook’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
Can you slow it down 😅
Working on it! 😅
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Conclusion: people pay a lot 😅
The price we pay for living in a great country 🇦🇺
Treee
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Tree. From Liam n
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