High-income earners need to be aware of an extra levy imposed on their superannuation contributions. The government introduced Division 293 tax to ensure that high-income earners don't enjoy disproportionate tax benefits from their super contributions compared with lower-income earners. By increasing the tax on super contributions for high earners to 30%, it aims to balance the tax benefits across income brackets.

Matt Baczyk, Senior Manager in Barton’s Business Advisory and Tax team, and Adrian Guarino, Head of Strategic Advice and Senior Financial Advisor at Bartons, discuss strategies to effectively manage the impact of Division 293.

BARTONS 
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

High-income earners need to be aware of an extra levy imposed on their superannuation contributions. The government introduced Division 293 tax to ensure that high-income earners don't enjoy disproportionate tax benefits from their super contributions compared with lower-income earners. By increasing the tax on super contributions for high earners to 30%, it aims to balance the tax benefits across income brackets.
Matt Baczyk, Senior Manager in Barton’s Business Advisory and Tax team, and Adrian Guarino, Head of Strategic Advice and Senior Financial Advisor at Bartons, discuss strategies to effectively manage the impact of Division 293.
BARTONS  <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a>
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters. 

Proudly brought to you by leading Bartons, chartered accountants and wealth advisors based in Adelaide, the podcast aims to provide insights with all things financial, including accounting, planning, lending and everything in between. 

The general advice in this series has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters. 
Proudly brought to you by leading Bartons, chartered accountants and wealth advisors based in Adelaide, the podcast aims to provide insights with all things financial, including accounting, planning, lending and everything in between. 
The general advice in this series has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters.

Financial Clarity for Life

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters. 

Proudly brought to you by leading Bartons, chartered accountants and wealth advisors based in Adelaide, the podcast aims to provide insights with all things financial, including accounting, planning, lending and everything in between. 

The general advice in this series has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

ABOUT BARTONS

https://www.bartons.com.au/

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters. 
Proudly brought to you by leading Bartons, chartered accountants and wealth advisors based in Adelaide, the podcast aims to provide insights with all things financial, including accounting, planning, lending and everything in between. 
The general advice in this series has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.
ABOUT BARTONS
<a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>

The dreaded Division 293 tax

The team at Bartons are often approached with common (and sometimes uncommon) tax-related questions that arise from high-income clients, especially medical professionals. Madison Vizzari, Assistant Manager in Bartons’ Accounting Team, and Matt Baczyk, Bartons’ Senior Manager, discuss some of the frequent ones, including enquiries involves structuring income to minimise tax.



Other queries include travel deductions, investment property repairs and improvements, entertainment, and a range on miscellaneous tax deduction expenses. As with most tax matters, consulting an accountant is vital, as many tax rules are nuanced and situation-specific, ensuring the best possible outcomes.

BARTONS 
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit 
https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

The team at Bartons are often approached with common (and sometimes uncommon) tax-related questions that arise from high-income clients, especially medical professionals. Madison Vizzari, Assistant Manager in Bartons’ Accounting Team, and Matt Baczyk, Bartons’ Senior Manager, discuss some of the frequent ones, including enquiries involves structuring income to minimise tax.
 
Other queries include travel deductions, investment property repairs and improvements, entertainment, and a range on miscellaneous tax deduction expenses. As with most tax matters, consulting an accountant is vital, as many tax rules are nuanced and situation-specific, ensuring the best possible outcomes.
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a> 
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit  <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a>
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Tax Deductions – Facts & Myths for Medical Professionals

With housing prices at historic levels and interest rates stubbornly high, it’s become increasingly difficult for young people to get their toe into the housing market. Is it worth their parents putting their hands in their pockets to help out? Bartons Director Adam McCann explores the issue with Matt Baczyk, Head of Bartons Medical Division and Teresa Reid, Finance Broker from Bartons Lending Services.

Parents can assist their children through methods like gifting money, providing loans, or acting as guarantors, but there are legal and financial implications. They also examine government incentives, including the First Home Owners Grant and stamp duty concessions. Parents considering support should assess their financial security and retirement plans.

BARTONS 
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visithttps://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

With housing prices at historic levels and interest rates stubbornly high, it’s become increasingly difficult for young people to get their toe into the housing market. Is it worth their parents putting their hands in their pockets to help out? Bartons Director Adam McCann explores the issue with Matt Baczyk, Head of Bartons Medical Division and Teresa Reid, Finance Broker from Bartons Lending Services.
Parents can assist their children through methods like gifting money, providing loans, or acting as guarantors, but there are legal and financial implications. They also examine government incentives, including the First Home Owners Grant and stamp duty concessions. Parents considering support should assess their financial security and retirement plans.
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit<a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a>
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Helping your Children to buy their First Home

Many people dream of owning a weekend getaway, often by the sea or in the countryside, once they have secured their finances and have surplus income. When buying a lifestyle property, it is crucial to balance emotional desires with practical considerations.

That’s according to Bartons Managing Director Chris Waples and Director Adam McCann, who discuss the important financial and tax implications for holiday homes. While holiday homes can offer lifestyle benefits, they shouldn’t be viewed purely as investment assets.

MORE INFORMATION

BARTONS
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Many people dream of owning a weekend getaway, often by the sea or in the countryside, once they have secured their finances and have surplus income. When buying a lifestyle property, it is crucial to balance emotional desires with practical considerations.
That’s according to Bartons Managing Director Chris Waples and Director Adam McCann, who discuss the important financial and tax implications for holiday homes. While holiday homes can offer lifestyle benefits, they shouldn’t be viewed purely as investment assets.
MORE INFORMATION
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a> 
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a> 
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

The dreaded Division 293 tax

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