EOFY Tax Hacks For Your Share Portfolio
6/16/202630 min
You’ve started your investing journey (yay!), but you’re oblivious about how your portfolio is going to be taxed during this financial year (boo!).
If this year’s budget convos about Capital Gains Tax (CGT) have you sweating, strap in for a deliciously informative Deep Dive.
In this episode, Victoria and Jess discuss how shares and ETFs are taxed, explaining the difference between dividends, distributions and franking credits, plus how to offset your earnings or your income when completing your tax return.
Learn how to make the most of your investing platforms, why it pays to play the long game, and when to hand things over to a professional (read: your accountant). Soon you too will have a clear understanding of how each asset class is taxed, and why sticking it out is smarter than you think.
This episode is brought to you by our friends at Sharesies. Visit Sharesies.com.au to learn how to kick off (or supercharge) your investing journey.
INVESTING CHEAT SHEET: You heard me. Download our Investing Cheat Sheet and kick off the new FY, flying.
START INVESTING: Not yet begun your investment journey? Check out this episode on how to start.
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements (nartarshabamblett.com.au)
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 4451289
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First 90 secondsVictoria Devine· Host0:00
She's on- The ... money. She's on the money. [laughs] [upbeat music] My name's Natasha Bambler. I'm a proud First Nations woman, and I'm here to acknowledge country. Hello, beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge, and respect the Aboriginal people's land that we're gathering on today. Take pleasure in all the land and respect all that you see. She's on the Money podcast acknowledges culture, country, community, and connections, bringing you the tools, knowledge, and resources for you to thrive. Hello, friends, and welcome to another deep dive episode of She's on the Money, the podcast that helps make your personal finances feel a little less overwhelming, especially at tax time. That is right. We are reaching the pointy end of the financial year, and whether you're facing a spicy bill or you're looking forward to a very cheeky little return, we have questions. Like, how are your investments taxed, and how might changes in this year's budget affect the way that the ATO is gonna view your shares? Whether you've been investing for years or you're just getting started, my friend, this episode was made exactly for you. We'll be explaining when you actually pay tax, what needs to be reported, and the legit ways that savvy investors minimize their tax bill come June 30. More on that, though, after this very short break. [upbeat music] Hello, and welcome back to She's on the Money. I am, as always, Victoria Devine, and joining me on the deep dive