Stuart Symons and Physile Pty Ltd (ABN: 99 006 542 990) are Authorised Representatives of Avalonfs Pty Ltd (AFSL 437518). New Financial Solutions is the trading name of Physile Pty Ltd.


Welcome to New Financial Solutions

  • By Eric Edge
  • 17 Oct, 2017

With Stuart Symons

Welcome to the first of a series of videos about New Financial Solutions and Financial advising in general.

I am Stuart Symons principal adviser with New Financial Solutions.

My purpose in being an adviser is to, as my clients describe “make you feel relaxed about your financial future”, the knowing that a course has been mapped out and your massive ship of life is moving in the right direction, all directed as I “your rudder on that ship” guides you through your life’s tricky waters.

We, at New Financial Solutions, review all aspects of your financial life and make recommendations based on the information which we uncover to help maintain your lifestyle upto and beyond the age of sixty.

We also aim to protect your financial system from any unforeseen incidents which may occur on your journey through the stages of your life.

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One of the most powerful tools in financial circles is the ability to obtain taxable deductions for money spent on investing.

A tool which we use at New Financial Solutions is the tool by which we obtain a tax deduction on the interest you pay on your home mortgage.

One thing I must say first is this is not tax advice and you should always obtain professional tax advice before implementing any tax minimisation scheme.

Loan interest on an investment is deemed to be an expense to the operation of the investment and therefore is tax deductible.

Debt recycling is a method in which your home loan is setup so that you can redraw an amount upto 80% of the value of your home, which is then invested in an income producing asset.

As the investment pays an income, the income is deposited onto the home loan, the portion being not of the investment loan. You only pay the interest on the investment portion of the loan and all repayments are made on the non-deductible portion of the mortgage.

This reduces the amount owed on the loan which interest is paid but not tax deductible. Every six months a redraw is conducted upto the predetermined amount previously and the funds are invested in an income producing investment.

Doing this increases the amount of the loan which has deductible interest and lowers the amount which is not deductible.

Eventually you convert (recycle) Â the whole mortgage on your home from a non-deductible loan, whereby no interest is deductible to the point where all the interest paid on the home mortgage is deductible.

Plus, the bonus is an income producing asset which accelerates the payment of the mortgage, thus the mortgage is paid off in a shorter time.

If you have any questions or wish to discuss this matter further please contact me.
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