Comfort with Money

by Rodney Gibson Financial Advisor

I am a sole practitioner with 40 years experience in finance, taxation, law, business and accounting. I am currently associated with SALA Financial Services. I provide the following:

  • Estate Planning, including wills and powers of attorney (EPOAs)

  • Estate Management

  • Taxation advice

  • Investment advice, including superannuation

  • Business structure advice

 

My aim is to assist you to live within your means and achieve all your financial goals.

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Negative Gearing

Back in the “good old days” we had no capital gains tax in Australia and it occasionally made some sense to add to your cost for a property to engage in negative gearing. In its simplest form this kind of “gearing”(aka “borrowing”) meant paying out more in tax deductible interest and other expenses associated with a rental property you had bought in the expectation (?hope) that at some time in the future you would sell the property at a handsome tax free capital gain. Capital gains tax added a new dimension to this financial manoeuvre but I despair of anyone whose sole aim in negative gearing is to get a tax deduction. I once used the term “positive gearing” in an article I wrote and more th

Here for the long haul - a bit about me.

Hot topics come and go in the press and social media and one topic that is copping a bit of air time at present is the way in which “ageism” is treated by employers, government, families, young people and “the aged”, whoever they are or choose to be. I started paid work at the age of 14 – that was 68 years ago. That was an age at which, I think, you were allowed to leave school for“real” work, 40 odd hours a week. In my case I did stay at school and then went to University and started full time work after I obtained the first of my three degrees. The last of these I got at the age of 48. A couple of years ago my two much younger co-owners and co-directors of the company that I had establishe