Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, Billy and Andrew break down every method of paying yourself as a business owner, when each one makes sense, and how to structure your income to legally reduce tax, protect your wealth, and actually see how your business is performing. They also make the case for why superannuation remains the most overlooked wealth-building tool for the self-employed, and why ignoring it could cost you more than you think.
Discover why how you pay yourself could be the difference between building wealth and just staying busy.
This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706
Episode Highlights
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Salary vs dividends vs trust distributions, and when to use each
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How franking credits work and why they always bring you back to your marginal rate
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The “lifestyle salary rule”, why paying yourself the right base changes everything
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Why mixing personal and business finances destroys your ability to read business health
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Distributing trust income to adult children
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Superannuation as a tax reduction tool and a creditor-proof safety net
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The bucket company strategy — how to delay tax obligations and invest at a lower rate
