EPISODE · Jun 13, 2022 · 19 MIN
263 It’s all one bucket
from Money Over 50 · host Dallas & Michael of Money Over 50 Financial Advisers
If you are married or in a long-term relationship, then your money is all in ‘one bucket’. According to family law (and Centrelink), you and your partner don’t have separate money – regardless of who earns more. However, there are ways that you can benefit from paying less tax based on how you treat certain assets and whose super you put more money into. Don’t worry – it’s all legal! In this episode, Dallas and Michael explore how to keep as much of your taxable income as possible, and why your money is really all in one bucket.
What this episode covers
If you are married or in a long-term relationship, then your money is all in ‘one bucket’. According to family law (and Centrelink), you and your partner don’t have separate money – regardless of who earns more. However, there are ways that you can benefit from paying less tax based on how you treat certain assets and whose super you put more money into. Don’t worry – it’s all legal! In this episode, Dallas and Michael explore how to keep as much of your taxable income as possible, and why your money is really all in one bucket.
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263 It’s all one bucket
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