money money money 848 pumping second job cash into super, sharing salary deets, kids bank account tax + more
Dec 1, 2025
Shane Hatton, a leadership speaker and professional mentalist, joins Glen to tackle intriguing personal finance questions. They discuss whether you can salary sacrifice a second job entirely into super and assess a listener's investment in a one-bedroom unit. Shane reveals why kids’ bank accounts might incur monthly taxes, and they explore the ethics of sharing salary details among friends. Plus, Glen shares tips on maintaining a cash buffer for unexpected expenses, all while Shane showcases some mind-boggling mentalist tricks!
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Salary Sacrifice Second Job Carefully
- You can salary sacrifice 100% of a second job into superannuation, but reportable contributions may affect end-of-year assessments.
- Consider making personal after-tax contributions and lodging a notice of intent to claim to avoid HELP, family benefits or withholding issues.
Negative Gearing Is A Carry-Then-Gain Strategy
- Negatively geared properties can cost a few thousand a year after tax but aim to earn more in capital growth.
- The strategy works only if you can carry losses and the property grows faster than holding costs.
Apply A TFN For Kids' Accounts
- Kid savings accounts should have a tax file number applied to avoid maximal withholding by banks.
- Understand children's unearned income tax rates and choose investment structures (trust, investment account) accordingly.
