Absolutely awesome ! One of the easiest, most organised and plain English presentation that is actually thorough. Well done. Existing Financial Adviser. Thank you, Rui.
@OZRuiShiАй бұрын
Thank you so much for your kind words! I'm glad you found the presentation easy to follow and thorough. Your feedback means a lot, especially coming from an existing financial adviser. Thanks again!😊
@gofindyourself6568Ай бұрын
very appreciative of the way you present and articulate these updates. over the last 18 months I have taken a more active role in managing and maximising my super - feeling far more in control and optimistic about the future. not sure who prepares and edits your slides and AV, but combined with your accessible and digestible presentation style, you have a winning formula. good luck with the evolution of your channel.
@OZRuiShiАй бұрын
Thank you for your kind words! I'm glad to hear that you're feeling more in control and optimistic about managing your super. I appreciate your support and encouragement. I edit the slides and AV myself, so your feedback means a lot. Good luck with your journey, and stay tuned for more updates! 😊
@Kis-metАй бұрын
Thank you for this detailed and clear explanation . I'm always grateful when people put aside their time to make free videos to help others .
@OZRuiShiАй бұрын
Thank you for your kind words! I'm glad you found the explanation clear. I appreciate your support and am happy to help through these videos. 😊
@edwardhewer8530Ай бұрын
Ditto. Cheers.
@Andrew-ut4sg24 күн бұрын
Just stumbled upon this. That was great, well done!
@OZRuiShi22 күн бұрын
Thank you! I'm glad you enjoyed it. 😊
@thomasnguyen8Ай бұрын
Please do a video rank the best superannuation funds overall, it’s so hard to choose 🙏🙏🙏
@OZRuiShiАй бұрын
Thanks for the suggestion! It's a great idea, and a video ranking the best superannuation funds is already in the pipeline. Stay tuned! 🙏
@johnhart2683Ай бұрын
This is simply fantastic! I have learned some things I didn't know about
@OZRuiShiАй бұрын
Thank you! I'm thrilled to hear that you found the information helpful and learned something new! 😊
@thegoldenpeteАй бұрын
Hi Rui, I loved your video, you look great and loads of great info!
@OZRuiShiАй бұрын
Thank you so much! I'm glad you enjoyed the video and found the information useful. Your kind words mean a lot to me! 😊
@wardgushee3050Ай бұрын
Thanks for this. Very helpful to know the order of years where additional concessional contributions go.
@OZRuiShiАй бұрын
You're welcome! I'm glad you found it helpful. Thanks for watching! 😊
@wardgushee3050Ай бұрын
@@OZRuiShi The pressure is on now. I subscribed....lol. I will watch from time to time. While I live in QLD, I have investments in the USA and Australia. All financial insights are important to me. Good luck.
@hotchinahkАй бұрын
thank you for your work and explanation.👍👍
@OZRuiShiАй бұрын
Thank you for your support! I'm glad you found the explanation helpful. 😊
@johnbwill29 күн бұрын
Thanks hank you very much for this great work. You have helped my understanding - and I am sure you're helping thousands of other people. Really great. x
@OZRuiShi29 күн бұрын
Thank you so much for your kind words! I'm glad to hear that the content has been helpful to you. Your support means a lot to me, and I'm happy to know it's making a difference for others as well. 😊
@TP-fo9ycАй бұрын
A well explained, video that is clear and concise. The visuals ( tables etc) are helpful and work well to aid the explanations given. This is fantastic information, presented in such a way that is easily accessible to the average person. There is a lot in the video that can help maximise how to utilise super to its best effect. Thank you for this informative and current information!
@OZRuiShiАй бұрын
Thank you so much for your kind words! I'm glad to hear that you found the video clear, concise, and helpful. It's great to know that the visuals aided the explanations and made the information more accessible. I appreciate your feedback and support! 😊
@josegoncalves8521Ай бұрын
Thank you for the information . I love the background music .❤
@OZRuiShiАй бұрын
Thank you! I'm glad you enjoyed the information and the background music. 😊❤
@brianjarvis3367Ай бұрын
Very informative-we need more like that!!
@OZRuiShiАй бұрын
Thank you! I'm glad you found it informative. I'll definitely keep making more videos like this!
@vanessalee553223 күн бұрын
Thank you, I found this information very informative and necessary.
@OZRuiShi22 күн бұрын
You're welcome! I'm glad you found the information informative and necessary. 😊
@davidwright1752Ай бұрын
Excellent accurate information, knew most of it however learnt I had missed the increased limits and the increased tax free threshold.Will be forwarding this video to family and friends.
@OZRuiShiАй бұрын
Thank you! I appreciate you sharing this video with your family and friends. 😊
@davidwright4211Ай бұрын
Hi Rui I have not been able to find effective tax free threshold of $22575 is there something I missed in the calculation. Or was proposed and not passed?
@OZRuiShiАй бұрын
@@davidwright4211 Thanks for your question! The headline tax-free threshold is still $18,200, but if someone has a taxable income of $22,575, they won't pay any tax due to the low-income tax offset (LITO) of $700. I made a video about this for FY24 - check it out here. kzfaq.info/get/bejne/aZ12a7Si0ti2lYU.html&ab_channel=RuiShi I'm also working on an updated version that will be released in a few weeks. Stay tuned! ☺
@davidwright1752Ай бұрын
@@OZRuiShiThankyou I thought I missed something was not thinking at all about the offsets. Bit of a trap
@GreenHills-rl8irАй бұрын
Thank you great simple explanations for Super. From what I understood from your clear explanation is that the rich get richer!.....typical government!
@OZRuiShiАй бұрын
Thank you for your comment! I'm glad you found the explanations clear. It can feel frustrating how some policies seem to benefit the wealthy more. It's important to stay informed and advocate for fairer policies.
@KvasiirАй бұрын
Thanks for the video, very informative explanations :) !
@OZRuiShiАй бұрын
Thank you! I'm glad you found the video informative! 😊
@dennisteo9186Ай бұрын
Very informative, thank you
@OZRuiShiАй бұрын
Thank you so much! I'm glad you found the video informative.
@guygardiner3749Ай бұрын
Really useful video - thanks
@OZRuiShiАй бұрын
Thank you! I'm glad you found the video useful! 😊
@KoyoshinkaiАй бұрын
Every government who gets elected starts to mess around with superannuation, it makes people think superannuation not secure.
@OZRuiShiАй бұрын
Thank you for sharing your thoughts. I understand your concerns about the changes to superannuation policies. It's important to stay informed and adapt to any new regulations. If you have any specific concerns or questions, feel free to share.
@kavarasings981324 күн бұрын
not bad knowledge for such a young girl. you got all these basic super rules correct. im a CA. well done.
@OZRuiShi22 күн бұрын
Thank you for the kind words! I'm glad you found the information helpful. It's always nice to hear positive feedback from a professional like you. 😊
@dannyuber9154Ай бұрын
thanks for making the video! keep it up
@OZRuiShiАй бұрын
Thank you for watching! I'm glad you enjoyed the video. I'll definitely keep it up! 😊
@ironsloth95Ай бұрын
well done very clear and presented perfectly
@OZRuiShiАй бұрын
Thank you so much for your kind words! I'm glad you found the presentation clear and well-delivered. 😊
@shinleong3462Ай бұрын
Excellent work. Thank you very much.
@OZRuiShiАй бұрын
Thank you so much! I'm glad you enjoyed it. 😊
@daweigo6851Ай бұрын
Thanks for the informative, very helpfull
@OZRuiShiАй бұрын
Thank you for your feedback! I'm glad you found it informative and helpful.😊
@kencheung465417 күн бұрын
thank you so much
@OZRuiShi15 күн бұрын
My pleasure 😊
@JiseonKim24 күн бұрын
Very useful info! Thanks
@OZRuiShi22 күн бұрын
Thank you! I'm glad you found it useful! 😊
@sjj7236Ай бұрын
Very helpful. Thankyou
@OZRuiShiАй бұрын
Thank you! I'm glad you found the video helpful. 😊
@adminaccounts807Ай бұрын
Efficient presentation thank-you ❤
@OZRuiShiАй бұрын
Thank you for your kind words! I'm glad you found the presentation efficient. 😊
@tiffanynguyen390023 күн бұрын
Thank you for making this video. A lot of info I didn’t know. Are you still practising as financial planner in Australia? Because I want to be your first customer ❤
@OZRuiShi22 күн бұрын
Thank you for watching and for your kind words! I'm glad you found the information helpful. I'm no longer practising as a financial planner, but I appreciate your support.😊
@leonkent1365Ай бұрын
谢谢! It was really clear.
@OZRuiShiАй бұрын
不客气! I'm glad you found it clear. 😊
@jasonchan3647Ай бұрын
Awesome content . Good effort .
@OZRuiShiАй бұрын
Thank you so much! I'm glad you enjoyed the content. Your support means a lot!
@shriprasad7196Ай бұрын
very simple and well explained. Do you have any such presentations for seniors on super & centre link payments?
@OZRuiShiАй бұрын
Thank you! I'm glad you found it helpful. I will definitely make a video for seniors on super and Centrelink payments. Stay tuned!😊
@bunniewoodАй бұрын
When super was 9.5% I was contributing extra so it was 11.5%. Also I thought that salary sacrifice was tax free. Not sure I should bother contributing anymore
@OZRuiShiАй бұрын
Thank you for your comment! It's great that you were contributing extra when super was 9.5% to make it 11.5%. While salary sacrifice isn't tax-free, it is taxed at a lower rate of 15%, which can still provide tax benefits compared to your marginal tax rate. Reviewing your contributions regularly is a good practice to ensure they align with your financial goals. 😊
@oldvaliant19 күн бұрын
@4:28 - If you sold a property and made a capital gain, for example, of $100,000 (after 50% discount) could you place this into your superannuation fund as a concessional super contribution (taxed at 15%) or would you first need to pay the CGT, and then distribute into the super fund?
@OZRuiShi19 күн бұрын
Thanks for your question! You can place proceeds into superannuation as a concessional contribution based on your available cap, including carry forward contributions. Remember to leave enough to pay for the CGT, which is typically due when you file your tax return next year. The money for the contribution doesn't need to come directly from the property sale. Hope this helps. 😊
@dcasper525 күн бұрын
You are doing a great job. I should have started planning my retirement 23 years ago running out of time. Can you recommend a financial advisor for retirement in Perth?
@OZRuiShi25 күн бұрын
Thank you for your kind words! It's never too late to start planning for retirement. Unfortunately, I can't recommend specific financial advisors due to legal restrictions. However, you can use the Financial Advice Association Australia (FAAA) 'Find a Planner' tool to find a qualified advisor in Perth. Best of luck with your retirement planning!
@karenjonstone8763Ай бұрын
Something about the background music that makes a heavy topic less stressful.
@OZRuiShiАй бұрын
Thank you for your feedback! I'm glad the background music helped make the topic feel less stressful. Your input means a lot! 😊
@bigglesharrumpher4139Ай бұрын
Thanks for your effort and information.
@OZRuiShiАй бұрын
Thank you for your kind words! I'm glad you found the information helpful. 😊
@kyliepine3713Ай бұрын
Thankyou 😊
@OZRuiShiАй бұрын
You’re welcome 😊
@alwayswinning3743Ай бұрын
Off topic: But If you were wanting to retire say 60 (I'm 41 but thinking about It now ;)) how much super you think needed?
@OZRuiShiАй бұрын
Thank you for your question! It really depends on your lifestyle and retirement goals. Many financial experts suggest aiming for a retirement income that replaces 70-80% of your pre-retirement income. For a comfortable retirement, some estimates suggest having at least $600,000 to $1,000,000 in superannuation. It's great that you're thinking about this now-planning early can make a big difference! I'll make a video on this topic in the future, so stay tuned! 😊
@alwayswinning3743Ай бұрын
@@OZRuiShi damn that much? haha. I'm around 99K atm never put anything into It. Might have to start now.
@xsaviour755Ай бұрын
I made mistakenly made a contribution of $40K in 2015 ( only had 60k) then. I had to pay $5k tax on it even though it was from a sale of the house. Is there a way to go back and use the rolling cap ?
@OZRuiShiАй бұрын
Thank you for your comment! Unfortunately, the carry-forward concessional contributions rule is relatively new and only started from the 2018-19 financial year. It can't be applied retroactively to contributions made before this period. I'm sorry to hear about your situation.
@jamesstanley11Ай бұрын
income tiers should not be averages, they should be by percentage population
@OZRuiShiАй бұрын
Thank you for your comment! You make an interesting point.😊
@kevindunnell7150Ай бұрын
I stopped listening after 1.5 mins because of that annoying noise. WHY have it? I'm sure your content is interesting enough and I'm sure most people can concentrate on what you are saying. Lose the noise.
@OZRuiShiАй бұрын
Thank you for your feedback. I appreciate your honesty and will take this into consideration for future videos. I'm sorry the background noise was distracting. I'll work on making sure the content is as clear and enjoyable as possible.
@daweigo6851Ай бұрын
What noise?
@kerryendon7514Ай бұрын
Yeah WHAT NOISE?@@OZRuiShi
@xinguo464Ай бұрын
Can't hear any noise.
@killbot86Ай бұрын
He is referring to the music….Which I think is fine…..He sounds like a grumpy old man complaining about the music not being to his taste 🙄🙄🙄
@xyzxyz4575Ай бұрын
I wont retire in Australia or Western English speaking countries becauee cost of living is too high!
@OZRuiShiАй бұрын
Thank you for sharing your thoughts. The cost of living can indeed be a significant factor in retirement planning. It's important to consider all options and find the best fit for your individual circumstances.
@KempoWarrior1954Ай бұрын
Last year I went over the gap allowed ($27,000). The miserable government hit me for a tax bill. Now I hear they allow people to contribute up to $30,000. It stinks👎
@OZRuiShiАй бұрын
Thank you for sharing your experience. The changes in contribution limits can be frustrating. It's always good to stay updated on the latest rules to avoid unexpected tax bills.
@KempoWarrior195421 күн бұрын
@@OZRuiShiI maxed out but am getting 9% of salary into accumulation fund on top of savings put into same account. Can’t complain.
@AnthonyTolhurst-dw1ncАй бұрын
This is destroying small business: and when the Grubbermint needs the trillions, they’ll just take it. Prove me wrong, if I’m alive then.
@OZRuiShiАй бұрын
Thank you for sharing your thoughts. I understand your concerns about the impact on small businesses. It’s important to stay informed and engaged in discussions about policies that affect us all.
@m.h.t1286Ай бұрын
The information on non concessional tax contribution is a little confusing for me. Could you please clarify. I have been religiously use after tax contributions towards my super on top of SG from my employer up to the threshold (ie: $27500 for FY 23-24). Not only that, I also use the carry forward for FY 18-19 before 30th June 24 (which expired on 1st July 24). Then I submit the ‘Intent To Claim’ form with my super fund before submitting my tax return for FY 23-24. What you are saying in this video is I can’t claim a tax deduction by this method? Confused 🥺
@m.h.t1286Ай бұрын
Ps: I understand this method is encouraged for ppl who has less than $500K in their super
@OZRuiShiАй бұрын
Hi there, thanks for your comment! I understand where your confusion might have come from. The Notice of Intent to claim a tax deduction essentially converts a non-concessional contribution (bank transfer) to a concessional contribution. So, you should refer to the parts of the video where I talked about concessional contributions rather than non-concessional contributions. Hope this clears things up! 😊
@m.h.t1286Ай бұрын
@@OZRuiShi thank you
@jate.photographyАй бұрын
@@OZRuiShi Thank you, that was my question as well. Watching the Concessional Contribution section of the video, is this then known as the "Personal Deductible Contribution"? Can you please explain what the difference between SG, Employer Contribution, Salary Sacrifice contribution and personal deductible contributions are given they all contribute to the same cap? Its a bit confusing why there are 4 different types here.
@OZRuiShiАй бұрын
@@jate.photography Hey there, thanks for your comment! To clarify: SG (Superannuation Guarantee): This is the compulsory 11.5% of your wages that your employer must contribute to your super. Employer Contributions: This includes SG and any other types of contributions your employer makes to your super. For most people, "employer contributions" and "SG" are interchangeable. Salary Sacrifice: This is an arrangement you make with your employer to contribute part of your pre-tax salary to your super, rather than receiving it as take-home pay. Personal Deductible Contributions: This is when you transfer money from your bank account to your super fund and then submit a Notice of Intent to claim a tax deduction for that amount. All these contributions are considered concessional contributions and together, they are subject to the concessional contribution cap. Hope this helps clear things up!
@tonyfong2330Ай бұрын
❤❤❤👏👏👏👍👍👍
@Woodland26Ай бұрын
Cannot make any non concessional contributions any more 😢
@OZRuiShiАй бұрын
If it's because of your super balance, that's not a bad problem to have. 😉
@Woodland26Ай бұрын
@@OZRuiShi and no bring forward contribution either. 😁
@MyRay101Ай бұрын
There's always non concessional contributions. If your balance exceeds $500k you can longer use brought forward concessional contributions. Not a bad position to be in when you look at the stat's for average balances per age bracket. Very scary!
@Woodland26Ай бұрын
@@MyRay101 actually until 3 years ago I didn't know much about all these terminology. I am self employed so each year I just max out the annual limit, thinking that tucking away 25k per year to my future self. I have a SMSF, half of it owns commercial premises, the other shares. Somehow it manage to do quite well over time, and now seems well above 500k.
@davidlean8674Ай бұрын
Pro Tip: If you want your audience to listen to you, there is no benefit in including a 30-second looping sound bed. It does nothing other than distract your listener & compete with you for their attention. The content was useful. The audio was awful, thanks to music embedded poorly.
@stevebramblet7192Ай бұрын
How were you watching this video? I'm on my phone using the phone speakers and I can barely hear the background music at all...
@OZRuiShiАй бұрын
Thank you for your feedback! I appreciate your honesty. I haven't received any other complaints about the music, but I'd like to make sure my videos are as enjoyable as possible. Could you let me know how you are watching this video? I'll look into it.
@davidlean8674Ай бұрын
@@OZRuiShi I watch on a PC with a good-quality headset. I watch videos at double time, which raises the pitch of both the speaker & music. This makes the repetition & ding da ding ding much more noticeable. It is high pitch, & as a female, you are higher pitch, so there is more overlap than a baritone would have. I'd point out I can still clearly hear your voice over the music, that is not the issue. I spend a lot of time presenting & mixing content. My point is every piece of one's content should contribute to your message. Ideally, the video, animations/diagrams, audio, and soundtrack should all work together. In good productions the soundtrack is subliminal. It helps to convey/stimulate emotion in the audience. eg: Watch a Hollywood movie & focus on how each element is mixed. When the actors are sad & not talking, the music is sad. When they start talking rarely is there background music. Thus, for the sort of quality educational material that you are creating. It is unlikely that a sound bed will add value. Maybe if you want it as an intro/ outro that is up to you. Cheers
@xinguo464Ай бұрын
I can hear Rui only, there is no other distractions. Can't figure out what some people complained about
@davidlean8674Ай бұрын
@@xinguo464 There is a huge difference between feedback & a complaint. The former being how you can take something good & make it better. The latter expressing dissatisfaction.
@meaoude5392Ай бұрын
pretty and smart young lady
@OZRuiShiАй бұрын
Thank you for your kind words! I'm glad you enjoyed the video.
@meaoude5392Ай бұрын
@@OZRuiShi me and my wife not just enjoy them we found them very very educating keep the good work up 👍