Tax Tips

  DEFERRALS OF INTEREST DUE TO COVID-19

Many borrowers with investment property loans have recently been able to defer repayments. Interest expenses on these loans, including compound interest, will generally be deductible if the borrowed funds are used for income producing purposes. However, any "penalty interest" that may have been incurred is not "in the nature of interest" and may not be deductible.

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Millionaire Calculator

Millionaire Calculator

When will you become a millionaire?


This calculator shows you how long it will take you to reach a savings goal.
How much is the initial deposit
  

If you take the capital of
and invest at rate of return of (%)4
This will provide monthly income before tax of
or, an annual income before tax of


1 3% is a (fairly) high rate of return.

2 Inflation, is currently less than 4%.
Note: Inflation is currently low, choose whatever rate you wish, but we think 3% is fair as an average

You may change the rate of inflation and the rate of return to what ever rates you think will apply over the number of years you select.
We suggest rates between 3% and 5%.

3 Similarly the $1m is our default wealth goal. You can change this to whatever final figure you want.

4 You may change the rate of return to any value you like

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