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On this episode of The nestegg Podcast, the CEO of Industry Super Australia, Bernie Dean, shares his insights into the impact of COVID-19 on super funds.

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Bernie joins host Grace Ormsby to unpack how the economic downturn has been affecting different demographics, why many in the older age bracket are experiencing increased levels of anxiety, and what those people can do to preserve their nest egg and minimise their losses.

Bernie also delves into Industry Super Australia’s stance towards accessing superannuation early as part of the government’s stimulus measures, whether now is a good time for people with the means to contribute extra to their super, and industry fund plans for a road to recovery for both their members and the national economy.

Thanks Bernie, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Industry Super Australia are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Thursday, 04 June 2020

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How savvy investors are using tax-effective strategies

By Cameron Micallef · June 07 2019

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How savvy investors are using tax-effective strategies

By Cameron Micallef
June 07 2019

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How savvy investors are using tax-effective strategies

By Cameron Micallef · June 07 2019

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In an alternative way to build wealth, savvy investors are turning to certain tax strategies as a means of achieving higher growth.

Through smart and effective trading strategies, Generation Life believes effective tax strategy would deliver higher-than-expected returns through the compounding effects of lowering the tax rate.

The aim of the investment portfolio is for anyone who has a marginal tax rate above 30 per cent to reduce the tax bill to 9-11 per cent and benefiting from the return.

Generation Life’s joint CEO and managing director Catherine van der Veen believes post-election election, which largely centered on tax, was the perfect time to launch.

“The federal election placed the taxation of investments front and centre on the national agenda, and reiterated how important delivering real after tax returns to investors is,” said Ms van der Veen.

“However, in Australia, where our share market has special tax rules, disregarding the impact of these costs can have significant, negative impacts on post-tax investment returns. In fact, buying into unit trusts directly can force significant tax liabilities onto the investor at the end of each financial year,” continued Ms van der Veen.

Generation Life’s other joint CEO and managing director Lucy Forster noted the returns are 40 basis points higher than the market since launching.

Ms Forster believes the compounding effect of reducing tax is one of the main ways for Australians to build wealth.

“Our modelling shows that tax can be the single biggest drag on what an investor can receive from their investment. The recent focus on lowering investment fees and the effect that has on performance has led to the rise of index-based investing,” Ms Forster said.

“While focusing on fees has merit, the reality is that the biggest cost of any successful investment is tax. Our analysis has shown that this new fund can improve take-home return by 56 per cent.”

Commenting generally on after-tax investment management, Caroline Bennet, Deloitte Actuaries partner, noted: “After-tax returns are important for investors as this represents the amount of returns actually generated for reinvestment, and as a result, over time form the basis of the compounding investment return”.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.