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.

Our Recent Posts



Another record

A few weeks ago the Australian Stock Exchange All Ordinaries Index clocked up another record. So what!At my age it’s easy to remember the drama and excitement leading up to Roger Bannister’s sub 4 minute mile (at the time believed impossible – man is not built to run that fast for so long!), as well as Dawn Fraser’s first ever sub 60 second,100 metres swim (again believed impossible – particularly for a woman!) Records are meant to be broken, but there is a huge difference between human physical achievement – there is a limit even if we have not seen it yet – and the end result of a mathematical calculation (such as the All Ordinaries Index) which is a curious mixture of solid, simple arithm


Utopia has no thieves, liars, crooks or tax evaders. Utopia does not exist. In our society there are, I suspect, a majority of people who resent paying the amount of tax that they pay, because they think that either the government is “ripping them off” or the government is wasting “their” money. One of the interesting pieces of American history is the fact that Al Capone finished up in jail, not because of the number of dead bodies he was responsible for, or the millions of gallons of illegal booze he sold, but because he failed to pay tax on the money he accumulated as the direct result of his criminal activities. We will never get rid of the black economy. Human greed will see to that. Whe


Back in the bad old days if grandpa gave you £10,000, gift duty (AKA tax) was payable on that “income”. Reasonably, gift duty was discontinued. A gift, whether money or something else, is basically passing of value, not always money, as a gesture of goodwill towards the recipient. The most regular gift given in our society is a tip. The taxi driver’s meter says $17.90, so you give him $20 and say “keep the change”. In our increasingly cashless society tips are added to a credit card bill. Are they income? Or are they gifts? Don’t bother trying to answer those questions, especially if you’re a waiter, chauffeur or a taxi driver. The ATO has the only answer! If part of your income includes tip

Investing or Gambling?

I subscribe to a very large number of investment advisory newsletters which are produced by groups of people throughout the world whose job it is to pick “winners” and then divulge to subscribers what the winners are – for a fee of course. The work they do is immaculate and some of their results are spectacular – despite this they will regularly tell you that NO ONE gets it right 100% of the time. Most of us like the idea of buying something for $2 and seeing its value rise to $10 or even further, to $40! Most of us are too scared of losing money to bet on the horses or the dogs, to buy Gold Lotto, or even to invest in the share market. The share market is not a casino and I cringe when I se