1. Beetroot
Where: Sow direct into soil
Harvest: June
2. Broccoli
Where: Grow in seed trays and plant out in 4-6 weeks
Harvest: June
3. Carrots
Where: Sow direct into soil
Harvest: July
4. Cauliflower
Where: Grow in seed trays and plant out in 4-6 weeks
Harvest: August
5. Chives
Where: Sow direct into soil
Harvest: June
6. Coriander
Where: Sow direct into soil
Harvest: May
7. Cucumber
Where: Sow direct into soil
Harvest: June
8. Onion
Where: Grow in seed trays and plant out in 4-6 weeks
Harvest: October
9. Radish
Where: Grow in seed trays and plant out in 4-6 weeks
Harvest: May
10. Leeks
Where: Grow in seed trays and plant out in 4-6 weeks
Harvest: July
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As the end of the financial year approaches, many investors become focussed on tax effective borrowing. One popular option is an interest in advance home loan.
Interest in advance loans are similar to most standard fixed-rate, interest-only residential investment loans but with one key difference: borrowers can pre-pay the next year’s interest and claim it as a deduction in the current year.
This means that come July, eligible investors can get a portion of their interest back in the form of a tax deduction.
How it works Interest can be paid in advance monthly, quarterly or annually. Because it is an interest-only loan, borrowers must pay out the loan at the end of the loan term or roll it over into another loan. It may be possible to split the loan and make additional repayments.
The trade-off is reduced flexibility. Borrowers may be hit by early repayment fees should they wish to pay out the loan before the end of the fixed term. On the plus side, locking in the interest rate provides certainty of repayments for the life of the loan.
Who is suitable? Interest in advance loans suit property investors who are eligible for tax deductions on interest paid and wish to bring forward this deduction to an earlier financial year.
It most benefits someone who has a big tax liability one year but not the next. By pre-paying next year’s interest and claiming it now, they can legally maximise the tax benefits of investing.
Therefore, interest in advance loans can be beneficial for more experienced investors with a well-researched and planned long-term strategy. Healthy cash flow or good savings habits are needed in order to pay the fixed sum of interest (often $10,000 or more) at a set time each year, quarter or month. Find out if Interest In Advance would work for you. Call us on 02 8004 0592, email PJ at pj@keystonefinancial.com.au or complete our Quick Contact Form and we will be in contact with you. |
Who has a credit file?
You may have a credit file if you've used or applied for credit. What's in your credit file?
A credit file includes information about you such as
full name date of birth and driver's licence number gender residential address and employer information. In addition, a credit file has 3 distinct sections. These are: 1. Consumer credit information which may include: credit applications made in the past five years. These applications relate to loans for household, personal or domestic purposes. information that a credit provider is a current credit provider, that is, you have a current credit relationship with that credit provider (e.g. a credit card, home loan etc) details of overdue consumer credit accounts 2. Commercial credit information may include:
credit enquiries pertaining to applications for credit for commercial purposes details of overdue commercial credit accounts 3. Public record information may include:
court judgements and court writs directorship details proprietorship details bankruptcy information. How your credit file is started
Credit files may be created in a number of ways. These are: as the result of an application for consumer credit or commercial credit as the result of information received by Veda Advantage from third parties such as the courts, who hold judgement information, ITSA, who holds bankruptcy information, ASIC who holds directorship information and state business registries who are the custodians of proprietorship information. What if my credit file shows a negative listing? Don’t immediately panic. Depending on the finance you are applying for, some listings will not change the outcome of the application. You are best to speak to us first and find out what your options are. How do I get a copy of my Credit File? You can contact Veda Advantage directly and apply for a copy online via www.mycreditfile.com.au. Whilst Veda Advantage charge you to obtain a copy of your file via their express service, everyone is entitled to a free copy of their file, all you have to do is ask and one will be sent to you in approximately 10 days. |
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