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Ticker, Shares, Avg Cost [, Frequency, Currency, Last Div Payment]
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Import Dividend History
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Supports Stake .xlsx and standard .csv
Supported Formats
Stake INVESTMENT_INCOME.xlsx
Reads "Aus Dividends" & "Wall St Dividends" sheets · per-row FX rate · tax withheld · auto-deduplication
Betashares Direct CSV
betashares-transactions_*.csv · Distribution rows only · DRP reinvestment rows auto-skipped · `:AU` suffix stripped
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Ginini
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Ginini is an educational instrument for personal wealth modelling. The figures,
projections, and scenarios shown are illustrative only and do not constitute financial,
tax, or legal advice. Please consult your accountant or licensed adviser for guidance
specific to your circumstances.
Welcome to Ginini
A living P&L and balance sheet for your personal wealth. Choose how you'd like to begin:
A Quiet Daily Review
$—
Now · —10yr · —
5yr · —
Current vs. 10-Year Projection: —
Composure
Where you stand, at a glance.
Monthly Cashflow
—
—
Savings Rate
—
—
Liquidity Runway
—
months of cover
Freedom Horizon
—
projected
Assets
Total Assets
$—
Share Portfolio
$—
Superannuation
$—
Current Cash Balance
$—
Expected Tax Return
$—
Shares · Super · Property · Cash
Commitments
Total Liabilities
$—
Monthly Expenditure
$—
Tax Harvesting Potential—
Mortgages · Other loans
Insights
Cross-tab synthesis surfacing what matters most right now.
Insight cards will be added here in upcoming work.
Watchlist
Secondary signals and recent changes.
Watchlist items will be added here in upcoming work.
A Modelling Room
Models, composed.
Where every variable becomes a question. Adjust the inputs and watch your freedom
horizon shift — composed in real time.
Liquidity alone — projected with composure.
Freedom Modelling
Freedom Modelling
Model the shape of financial independence. Lifestyle shifts, capital injections,
and rate movements all move the horizon — composed against the long view.
Model when liquidity covers a lifetime's spending. Adjust lifestyle, rates, and
capital injections to see the horizon shift. Calculation: liquid assets measured
against 25× annual spend — super and home equity sit separately.
Lifestyle Shift
+0%
−40%0+40%
Annual spend → $60,000
Interest Rate
7.0%
3%6%9%
Compound rate on liquid assets — drag to model.
Capital Injection
$ one-off
$
An immediate capital injection. Inheritance, bonus, asset sale — capital introduced today.
Scenarios
Freedom Horizon
—
Adjust the inputs to shift the horizon.
—
Rate volatility: high · Stress test active
The Cost of Waiting
· approximate
A year of delay costs you
— months
of freedom.
Each year deferred, compounded growth deferred with it — your horizon moves back by
—.
Liquid Now
$—
25× Target
$—
Years to Freedom
—
Liquidity, measured against 25× annual spend. Super and home equity remain
separately accounted.
Scenario Detail
Scenarios are non-destructive — they simulate alternate timelines without altering your underlying data.
⚠️ Assumptions and caveats
The model uses a steady-state assumption for investment returns (the rate slider value). Real markets are volatile — actual returns vary year-to-year and can be negative for extended periods.
Sequence-of-returns risk is not modelled. A market downturn in the years just before or after the Freedom Horizon can extend or delay independence significantly even with the same long-term average return.
Lifestyle inflation is assumed at the rate shown. In practice, expenses tend to grow as wealth grows ("lifestyle creep") — the model may underestimate the spending trajectory.
The 25× rule (4% safe withdrawal rate) is a heuristic developed for 30-year retirement horizons in US data. Australian conditions and longer horizons may warrant a different multiplier.
Tax treatment of withdrawals during retirement is not modelled — super is taxed differently from non-super assets, and Age Pension interactions can significantly affect spending capacity.
Inflation is assumed constant. Real CPI varies between 1–5% per year in Australia and can spike (e.g. 7%+ in 2022-23).
Capital expenditures (housing repairs, medical, family events) are not modelled as discrete events. Lumpy outflows can disrupt the trajectory.
Longevity risk: the model doesn't show what happens if you live longer than expected. Plans should account for longevity beyond actuarial averages.
Currency & offshore exposure is not modelled. AUD movements can affect real wealth significantly for internationally exposed portfolios.
This is a modelling tool, not financial planning advice. Decisions about retirement timing involve goals, family situation, health, and risk tolerance beyond what this model captures.
Mortgage Modelling
Mortgage Modelling
Model loan structures, refinancing scenarios, and mortgage strategies. Compare
current vs proposed loans, project amortisation, and test repayment options.
Compare your current loan against a refinance proposal across rate, term, and
repayment type. Shows monthly cashflow delta, lifetime interest delta,
after-tax effective rate, and a sensitivity table.
Refinance Lab
Restructure the Loan
Model a new rate or term. See the lifetime cost delta, the freed cashflow, and the portfolio return you'd need to come out ahead.
Current Loan
Read-only
Balance$—
Rate—%
Type—
Term left—
Monthly payment$—
Lifetime interest$—
Tax class—
Proposed Loan
Editable
—
—
Derived from property type — owner-occupier interest is not deductible.
⚙️ Comparison Assumptions
Stress-test these
7.0%
3%7%11%
39.0%
0%39%49%
Portfolio return is gross of CGT and fees. Tax rate defaults to 37% bracket + 2% Medicare levy. Both are user-adjustable to stress-test the outcome.
Monthly Cashflow Change
$—
—
Lifetime Interest Δ
$—
—
After-tax Cost
—%
of the proposed rate
Break-even Return
—%
if freed cash invested
Wealth at end of new term — invested freed cashflow
Portfolio return
Wealth gain from investing
Extra interest paid
Net
⚠️ Caveats and assumptions
The model assumes constant interest rates throughout the comparison period. Variable rates fluctuate; fixed rates expire after the fixed term and roll to a different rate.
Refinancing typically involves break costs, application fees, discharge fees, and Lenders Mortgage Insurance (LMI) if LVR exceeds 80%. These are not modelled.
Tax deductibility of interest is shown via the after-tax effective rate KPI. For investment loans, interest is generally deductible at marginal rate; for owner-occupier loans it is not.
Stamp duty implications for restructured loans (e.g. cross-collateralisation changes) are not modelled.
Cashout amounts drawn for debt recycling or other purposes have different tax treatment than refinanced principal (see Debt Recycling card).
P&I vs IO rules — IO loans don't reduce balance during the IO period; after IO end they convert to P&I over the remaining term, raising the repayment.
This is a modelling tool, not financial or credit advice. Refinance decisions require advice from a qualified mortgage broker and accountant.
Model how an RBA rate hike affects your mortgage repayments and disposable
income. Tests cashflow resilience and offset-buffer durability under rate-shock
scenarios. Auto-populates from your existing property loans where possible.
⚠️ Caveats and assumptions
The model assumes immediate full pass-through of the RBA rate change to your mortgage. Banks may pass through partial or delayed changes.
Stress band descriptions (comfortable / tight / strained / highly strained) describe the percentage of net income consumed by mortgage repayments — they are factual categorisation, not a value judgement about your situation. APRA's serviceability assessment uses a +3% buffer.
The model assumes you're on a variable rate. If you're on a fixed rate, the shock won't apply until the fixed period ends.
The model uses your loan's remaining term for the amortisation calculation. Real repayment changes depend on whether your bank holds payment level constant (loan term extends) or extends payments (term unchanged).
Investment loan interest is tax-deductible (where the property is income-producing), so the after-tax impact is smaller than the pre-tax monthly delta shown. For non-deductible (PPR) loans, the impact is full-rate.
The model assumes your offset balance sits in offset only. Cash in regular savings accounts produces taxable interest income at marginal rate.
"Months covered" assumes only the rate-increase delta is drawn from offset. In practice, multiple pressures (lifestyle inflation, other expenses, job loss) compound during a stress period.
Offset balance may have other competing demands (emergency fund, upcoming expenses) that the buffer calculation doesn't account for.
Loan term remaining is estimated from originalTermMonths and loanStartDate when available; otherwise defaults to 30 years. Pre-existing IO periods are not separately modelled here.
This is a stress-testing tool, not financial advice. Borrowing-capacity and serviceability assessments require lender-specific calculations.
Should your next dollar pay down the mortgage (via offset) or invest in an ETF? The answer depends
on your mortgage rate, marginal tax rate, the ETF's return assumption, and franking-credit treatment.
This card runs three-way projections using a constant monthly surplus, showing wealth differences
over 5 / 10 / 20 year horizons plus a hurdle-rate analysis.
⚠️ Caveats and assumptions
ETF total return is constant in the model. Real markets are volatile; sequence-of-returns risk significantly affects outcomes, especially over short horizons.
The model assumes you can sustain the monthly contribution for the full horizon. Income disruption or competing priorities reduce actual contributions.
Offset benefit calculations assume your offset balance fully reduces deductible/non-deductible interest. Some lenders cap offset effectiveness or apply it only to specific loan portions.
Investment loan deductibility assumes the property is income-producing (rented). Vacant or owner-occupied investment property has different rules.
Franking credits: assumes franked dividends paid at 30% company tax rate. Some distributions may be partly or fully unfranked (international earnings, capital returns).
Franking credits are refundable for individuals (excess refunded by ATO). For super funds and some structures the treatment differs.
CGT calculation assumes a single sale at horizon end. Multiple smaller sales or holding indefinitely produces different CGT outcomes.
CGT regime transition (1 July 2027): pre-cutoff sales get the 50% discount; post-cutoff use cost-base indexation + 30% minimum tax floor. The card uses the shared _applyCGTDiscount helper which handles the transitional split.
ETF distribution yield is treated as constant. Real ETFs have variable distribution patterns by quarter.
The model uses "today" as the acquisition date for ETF holdings. Drip contributions over time have different acquisition dates; the simplified model treats them as today.
Liquidity differs: offset cash is accessible immediately; ETF holdings require sale (with potential CGT triggers and market-timing risk).
Volatility differs: offset = certain return; ETF = variable. The "after-tax winner" comparison is based on expected values, not probability-weighted outcomes.
This is a modelling tool, not financial advice. Personal circumstances, risk tolerance, and liquidity needs all affect the right choice.
📖 Tax notes & references
ITAA 1997 Div 207 — Franking credit gross-up and tax offset (refundable for individuals)
ITAA 1997 Div 115 — Discount capital gains (50% discount for assets held > 12 months, applies to sales before 1 July 2027)
ITAA 1997 s.8-1 — Deductibility of interest on borrowings used for income-producing purposes (investment loans)
Federal Budget 2026-27 — CGT regime change from 1 July 2027: indexation + 30% minimum tax floor replaces the 50% discount
PPR offset: interest "saved" by offset is not income — fully tax-free; equivalent to an after-tax return equal to the mortgage rate.
Investment offset: interest "saved" reduces a tax-deductible expense, so the effective benefit is mortgage rate × (1 − marginal rate).
Choose a property loan, then layer extra monthly repayments and/or a one-off
lump sum on top. Shows how much sooner the loan is paid off and how much
interest is saved — every extra dollar reduces balance and stops interest
compounding (the "extra-repayment" effect).
🔨 Mortgage Freedom Lab
amortization simulator
You have cleared
0%
of your starting balance.
0%100% (Debt Free)
Original
→ Current $—(after capital injection: $—)
—
$500
$0$5k$10k
one-off · applied directly to your loan principal
$
Inheritance, bonus, asset sale — anything that lands on the principal today. Subtract from balance, then the accelerated loop runs on the new lower starting point.
Pick a loan and adjust the dial to see your repayment timeline.
Months Saved
—
Interest Saved
$—
—
Each extra dollar reduces loan principal directly, preventing further compounding of interest.
⚠️ Caveats and assumptions
The model uses a constant interest rate throughout the projection. Variable rates fluctuate; fixed rates expire and roll to a different rate.
Extra repayments assume the lender accepts and credits them to principal immediately. Some loans cap the extra repayment amount or only credit annually — check loan terms.
For loans currently in their IO period, extra repayments during IO may not be permitted or may not reduce balance until the P&I switch — depends on product.
Offset accounts achieve a similar net interest result without locking funds away. The model treats extra repayments as locked principal reduction; offset behaviour is not modelled.
Redraw availability depends on the lender — extra principal may not be accessible later.
Tax deductibility of interest on investment-property mortgages is not factored in; the savings shown are gross interest, not after-tax.
Opportunity cost of extra repayments vs investing the same amount is not modelled. A 7% portfolio return outperforms a 6% mortgage rate on a pre-tax basis.
This is a modelling tool, not financial or credit advice. Repayment strategy decisions should consider cashflow, offset/redraw availability, and investment alternatives.
Tax Modelling
Tax Modelling
Model Australian tax strategies — super contributions, CGT timing, property
structures, trust distributions. These are calculator tools; see each card's
caveats and ATO references for specific regulatory context.
Australian individual taxpayers can prepay up to 12 months of interest
on investment loans and claim the full deduction in the year paid
(ITAA 1997 s.82KZL). This model shows the tax timing difference between
prepaying and paying interest month-by-month.
⚠️ Caveats and assumptions
This is a cashflow timing model only — the deduction is accelerated, not duplicated. The net economic benefit depends on your time value of money and whether your tax position changes between this FY and next FY.
s.82KZL applies to individuals only. Different rules apply to SBE (Small Business Entities) under s.82KZM.
Prepayment is deductible only if it relates to a period ending within 12 months of payment AND ending in the next income year.
Loans for vacant land have specific restrictions (s.26-102).
Prepayment for the express purpose of obtaining a tax benefit may attract Part IVA general anti-avoidance rules. The ATO has issued specific guidance on prepayment arrangements (TR 96/11).
The model does not account for opportunity cost of the cash outflow, foregone investment returns, or impact on cash position.
This is a modelling tool, not financial advice. Specific tax planning decisions require advice from a qualified accountant.
📖 ATO references
ITAA 1997 s.82KZL — Prepayment of interest by individual taxpayers (12-month rule)
ITAA 1997 s.82KZM — Prepayment by small business entities
TR 96/11 — Income tax: prepayment of expenses
TR 96/4 — Income tax: prepayment of interest under tax avoidance schemes
Demonstrates the tax mechanics of converting a Principal Place of
Residence (PPR) to an investment property — interest deductibility,
pro-rata CGT exposure on future sale, and the 6-year absence rule
(ITAA 1997 s.118-145).
⚠️ Caveats and assumptions
Property must be genuinely available for rent for interest to be deductible — listed, market-rate rent, available for inspection. The ATO scrutinises sham conversions where the property isn't actually rented.
Loan input model: uses a constant loan balance × constant rate throughout. In reality, P&I loans amortise (balance reduces); IO loans don't but typically convert to P&I after the IO period (commonly 5 years). For a more accurate projection, run the model with both starting and final balance estimates.
Principal repayments are NOT deductible. Only the interest component of P&I payments is deductible. The "other deductible expenses" field should exclude any principal repayment.
The 6-year absence rule (s.118-145) requires that you not claim another property as your main residence during that period. If you have another PPR, the 6-year rule does not apply. The rule resets each time you return to live in the property as your PPR.
Cost base resets to market value at conversion under s.118-192 for properties first used to produce assessable income after 20 August 1996. Pre-conversion period is exempt; post-conversion CGT is calculated from the conversion-date market value.
Depreciation deductions (Div 43 capital works + Div 40 plant & equipment) reduce the cost base for CGT purposes when sold (cost base adjustment).
The model assumes 4% annual property growth — actual growth varies and may be negative. Past performance doesn't predict future returns.
CGT regime transition (1 July 2027): under the 2026 Budget proposals, the 50% CGT discount is replaced by cost base indexation + 30% minimum tax floor from 1 July 2027. For assets held before 1 July 2027 and sold after, a transitional regime applies — gains accrued up to 1 July 2027 retain the 50% discount; gains accrued after use the new regime.
The model uses TIME-PROPORTIONAL apportionment for the transitional regime split. The actual law uses value at 1 July 2027 — either obtained by valuation or via an ATO-published apportionment formula (not yet published). The model's approximation may over- or under-state actual liability.
The indexation calculation uses 2.5% annual CPI as a placeholder. The ATO will publish official indexation rates. Real indexation will differ based on actual inflation experience.
The 30% minimum tax floor applies to capital gains accruing post-1 July 2027 under the new regime. It does not apply to income-support recipients (Age Pensioners, JobSeeker recipients). The model does not currently model this exemption — if you receive income support, the actual tax may be lower than the model shows.
Negative gearing quarantine: under the 2026 Budget, properties acquired (contract date) on or after 7:30pm AEST 12 May 2026 face NG quarantine from 1 July 2027 — rental losses can only offset rental income or rental property capital gains, never salary or other income. The model applies this gate based on the user's "Acquired before 12 May 2026?" toggle.
Quarantined losses carry forward indefinitely to offset future rental income or rental capital gains. The model shows the accumulated quarantined losses and applies them as a CGT offset on the simulated future sale. In practice, quarantined losses pool with all your other quarantined losses across all properties.
Sale transaction costs (agent fees, legal, marketing) are not modelled. Typically 2–3% of sale price. Stamp duty implications of any structural change (transfer to spouse, family trust) are not modelled.
The model uses a single marginal rate. In reality, the gain in the sale year may push you into a higher bracket — making the effective rate on the gain higher than your steady-state marginal rate.
This is a modelling tool, not financial advice. The 2026 Budget proposals are legislation as of Budget night (May 2026); some details remain to be finalised (ATO apportionment formula, indexation rates, transitional valuation method). Specific decisions require advice from a qualified tax adviser with current knowledge of finalised regulations.
📖 ATO references
ITAA 1997 s.118-110 — Main residence exemption
ITAA 1997 s.118-145 — Continuing main residence status during absence (the "6-year rule")
ITAA 1997 s.118-192 — Cost base reset at first income use
ITAA 1997 s.118-185 — Partial main residence exemption (pro-rata calculation)
ITAA 1997 Div 43 — Capital works deduction
ITAA 1997 Div 40 — Depreciation of plant & equipment
TR 2002/16 — Income tax: capital gains tax: main residence exemption
TD 92/153 — Sale of former home: main residence exemption
Federal Budget 2026-27 — CGT Reform measures (replacing 50% discount with indexation + 30% minimum tax from 1 July 2027)
Federal Budget 2026-27 — Negative Gearing measures (quarantine for post-12-May-2026 established residential properties from 1 July 2027)
ITAA 1997 s.110-36 (proposed) — Indexation of cost base
Treasury Laws Amendment Bill (2026) — Capital Gains Tax Reform
Demonstrates the tax impact of using unused concessional super contribution cap accumulated from prior FYs. Available if your Total Superannuation Balance (TSB) was under $500K at 30 June of the prior FY. Unused cap from up to 5 prior FYs can be used in addition to the current FY's standard cap.
⚠️ Caveats and assumptions
TSB threshold ($500K at end of prior FY) is checked at one point in time. Future use of carry-forward requires TSB to remain below $500K at the end of each relevant prior FY.
Defined benefit super has special rules — the model assumes accumulation-style super only.
Excess concessional contributions are included in assessable income plus an Excess Concessional Contribution Charge (ECC) — a notional interest amount. The model approximates excess tax (marginal less 15% offset) but does not calculate the precise ECC interest charge.
Division 293 (extra 15% on contributions above $250K combined income threshold) is modelled, but the exact calculation involves "Division 293 income" not just salary — including reportable fringe benefits, super contributions, foreign income.
Employer SG is fixed at 12% for FY 2025-26 onwards in this model.
Personal deductible contributions (vs salary sacrifice) require a Notice of Intent to Claim a Deduction lodged with the super fund before the tax return is filed.
The model assumes the entire contribution is concessional. Non-concessional contributions have a separate $120K cap (or up to $360K under bring-forward) and are not modelled.
Sacrificed salary reduces gross salary AND reduces super contribution base for SG purposes in some scenarios — the model uses simple "salary − sacrifice = new salary" without adjusting SG, which slightly overstates the benefit.
Insurance premiums and admin fees within super reduce the net growth of the contribution.
Preservation age (60 for most current workers) restricts access until retirement.
This is a modelling tool, not financial or tax advice. Super contribution decisions involve liquidity, preservation, insurance, and estate planning considerations.
📖 ATO references
ITAA 1997 s.291-20 — Concessional contributions cap
ITAA 1997 s.291-25 — Unused cap carry-forward (5-year rolling)
ITAA 1997 Division 293 — Additional contributions tax for high earners
ITAA 1997 s.293-15 — Division 293 thresholds
SISA 1993 — Superannuation Industry (Supervision) Act
See how voluntary repayments interact with annual indexation on your study loan. Because indexation compounds on the balance that remains after repayments, bringing repayments forward can reduce total indexation paid. Models the current compulsory repayment scheme (FY 2025-26 thresholds). Educational only — not advice.
⚠️ Caveats and assumptions
Models the current all-or-nothing repayment scheme (FY 2025-26 thresholds). Does not model the proposed marginal-style reform.
Uses taxable income (RTI), not the ATO's broader Help Repayment Income (HRI). If you salary-sacrifice, make reportable employer super contributions, have net investment losses, or exempt foreign income, your real compulsory repayment will be higher than shown here — those amounts are added back into HRI.
Salary is held flat across the projection — no salary growth or bracket creep is modelled.
Indexation is applied annually (1 June). Compulsory repayments are modelled as reducing the balance before indexation; in reality PAYG compulsory amounts are credited after year-end, so actual indexation may be slightly higher than projected.
Voluntary repayments are assumed made before 31 May, so they reduce the balance before that year's indexation. Repayments made on/after 1 June miss that year's indexation benefit.
The one-off 20% reduction is NOT auto-applied. If it applies to your balance, enter your post-reduction figure.
The indexation rate is your input, not a forecast. Recent years have varied; it is now capped at the lower of CPI or WPI.
Educational only. Not financial advice. Verify against ato.gov.au.
📖 ATO references
Study and training loan repayment thresholds and rates
Demonstrates how timing the disposal of investment assets affects total tax across the current and next FY. Models four scenarios: realise all this FY, defer all to next FY, split assets across two FYs, harvest current losses against current gains. The model accounts for the 2026 Budget CGT changes (regime change 1 July 2027).
💡 Selling an active business asset? Small-business CGT concessions may apply
If the asset being sold is an active business asset and you meet the eligibility tests (e.g. the $6M maximum net asset value test or $2M aggregated turnover test, plus the significant-individual test for shares/units), the small-business CGT concessions — 15-year exemption, 50% active asset reduction, retirement exemption ($500k lifetime cap), and rollover — can substantially reduce or eliminate this CGT. Eligibility is complex and the concessions must be applied in a specific order. This calculator models the standard individual-rate path only; if you may qualify, seek specific advice. Refer to ATO "Small business CGT concessions" (ITAA 1997 Div 152).
⚠️ Caveats and assumptions
The model assumes you can choose when to realise — actual disposal timing depends on market conditions, liquidity needs, contract terms (for property), and other constraints beyond tax.
The 50% CGT discount applies only to assets held > 12 months and only to gains accrued before 1 July 2027 (per 2026 Budget proposals).
From 1 July 2027, cost base indexation replaces the discount and a 30% minimum tax floor applies to net gains.
For assets held across the 1 July 2027 cutoff, the model uses time-proportional apportionment. Actual law uses value at 1 July 2027 (via valuation or ATO-published formula).
The model uses 2.5% annual CPI as an indexation placeholder. Actual ATO indexation rates will be published.
The 30% minimum tax floor does not apply to income-support recipients (Age Pension, JobSeeker).
Losses must be applied first to no-discount gains (preserving the discount), then to discount-eligible. The model uses a simplified loss allocation; real ATO ordering (ITAA 1997 s.102-15) may differ slightly.
Prior-year losses can be carried forward indefinitely. Future use of losses against future gains depends on having gains to offset.
Negative gearing quarantine: rental property losses on post-12 May 2026 acquisitions can only offset rental income or capital gains from rental property, not realised gains from other assets.
The model does not include CGT events triggered by death, relationship breakdown, or rollover provisions.
Capital gains can interact with Medicare Levy thresholds, HECS repayment income, Division 293, and other concessions — not modelled.
The "minimum-tax" scenario is highlighted, not labelled "optimal" — implementation depends on factors beyond tax. This is a modelling tool, not financial or tax advice.
📖 ATO references
ITAA 1997 s.102-5 — Capital gains and losses
ITAA 1997 s.102-15 — Loss application order
ITAA 1997 Div 115 — Discount capital gains
ITAA 1997 Div 118 — Pre-CGT and main residence rules
Federal Budget 2026-27 — CGT Reform measures
ITAA 1997 s.110-36 (proposed) — Indexation of cost base
Demonstrates how distributing investment income between entities with
different marginal rates affects total household tax. Shows the math
under various split ratios — does not recommend implementing specific
transfers, which have legal, estate, and Part IVA considerations
beyond tax.
Person A's share
ⓘ/ B
⚠️ Caveats and assumptions
This model shows the tax math under different allocation ratios. Achieving a specific ratio requires legal asset transfers (e.g. re-registering shares, changing property titles, transferring cash between accounts). The model does not cover transfer mechanics or costs.
Asset transfers between spouses may trigger CGT events. Some rollover provisions exist (e.g. s.118-180 main residence transfer), but transfers of investment assets typically constitute CGT events at market value.
Stamp duty applies to property transfers in most states. Costs vary significantly (e.g. NSW transfer between spouses incurs duty unless specific exemptions apply).
Part IVA general anti-avoidance rules apply to arrangements entered primarily for tax benefit. The ATO scrutinises asset transfers between spouses where the dominant purpose is tax minimisation.
Section 100A applies to trust distributions where the entitled beneficiary is not the actual recipient ("reimbursement agreements"). If asset transfers route through a trust, s.100A may apply (PCG 2022/2).
Family law implications — assets held individually may have different treatment in divorce proceedings than jointly held assets. Asset transfers undertaken for tax purposes can have unintended consequences in separation.
Estate planning implications — the holding structure affects succession, control during incapacity, and beneficiary designations. Optimising for tax may suboptimise for estate planning.
The model uses simplified Australian individual tax brackets (FY 2025-26 Stage 3 cuts). It does not include Medicare levy, MLS, LITO, or HECS — these can affect the real comparison.
Marginal rate dependency — investment income is taxed at the marginal rate after adding to existing salary. Large lump distributions can push the recipient into a higher bracket, reducing the apparent benefit.
This is a modelling tool, not financial or legal advice. Decisions about asset structuring require advice from a qualified accountant, lawyer, and financial adviser.
📖 ATO references
ITAA 1997 s.118-180 — Main residence transfer between spouses
ITAA 1997 s.126-5 — Marriage breakdown rollover
ITAA 1997 Div 100 — General CGT framework
Part IVA, ITAA 1936 — General anti-avoidance
ITAA 1936 s.100A — Trust distribution reimbursement agreements
PCG 2022/2 — Section 100A guidance (current ATO position)
Demonstrates the long-term tax effect of progressively converting non-deductible debt
(e.g. home loan) into deductible debt by drawing equity to invest in income-producing
assets. Deductibility under ITAA 1997 s.8-1 follows the use of
borrowed funds, not the security. This model holds rates, yields and behaviour constant
— real outcomes depend on investment performance, interest rate cycles, and disciplined
execution. Leverage amplifies losses as well as gains.
⚠️ Caveats and assumptions
Investment risk — invested capital can fall. A 30% drawdown leaves you with reduced assets and the full investment loan. Past returns do not predict future returns.
Leverage amplifies losses — borrowing to invest magnifies both gains and losses. Combined with a fall in market value, you can owe more than the investments are worth.
Drawdown / margin call equivalent — while typically not margin-called like a margin loan, banks can require remediation or refinance if LVR exceeds limits or property values fall significantly.
Behavioural risk — discipline is rarely maintained over 10+ years. Job loss, illness, family events, or market panic commonly disrupt the strategy.
Interest rate movement — model assumes a flat rate. Real rates float; a 2–3% rate rise materially changes net cashflow and can turn the position deeply cashflow-negative.
Yield assumption — modelled gross yield ignores volatility, dividend cuts, distribution discontinuities, and reinvestment pattern. ASX 200 yields have ranged from ~3% to ~7% historically.
Franking credits — model treats yield as ordinary income. Franked dividends would add gross-up at 30/70 and credit offsets, materially changing the after-tax result.
CGT on disposal — gains on eventual sale are taxable. Even with the 50% discount (12+ months individual hold), CGT can erode the apparent benefit. The investment loan must usually be repaid on sale.
Investment selection — strategy depends on the investments held actually producing the assumed income. Capital-growth-only assets (e.g. growth ETFs, vacant land) generate deductions without offsetting income — risks Part IVA scrutiny.
Loan structure — deductibility under s.8-1 requires the borrowed funds to be used for income-producing purposes. Mixing personal and investment use in the same loan ("contamination") forfeits deductibility (TR 2000/2). Split loans are essential.
Time horizon — short horizons (under 7–10 years) rarely justify the costs and risks. The strategy assumes you can hold through downturns.
Estate planning — death triggers loan repayment requirements; surviving spouse may not qualify for the loan on their own income. Investment loans interact with super, pensions, and beneficiary designations.
Family circumstances — divorce, separation, or capacity loss can force liquidation at the worst time. Joint and individual structures behave very differently.
Part IVA — schemes with the dominant purpose of tax benefit (e.g. negative-gearing on assets selected purely for deductibility) can be cancelled by the Commissioner.
LMI and lender restrictions — equity drawdowns above 80% LVR typically trigger Lender's Mortgage Insurance. Some lenders restrict drawdown purposes or require evidence of intended use.
Model uses FY 2025-26 Stage 3 individual tax brackets. Excludes Medicare levy, MLS, HECS, LITO and any state taxes.
This is a modelling tool, not financial or credit advice. Debt recycling decisions require advice from a qualified financial adviser, mortgage broker, and accountant.
📖 ATO references
ITAA 1997 s.8-1 — General deductions (use-of-funds test for interest)
TR 2000/2 — Deductibility of interest on borrowings used to acquire income-producing assets
TR 95/25 — Deductions for interest under former s.51(1)
TD 2008/27 — Interest on borrowings to fund private expenditure (loan contamination)
ATO QC 62611 — Debt recycling: ATO guidance and risk indicators
Part IVA, ITAA 1936 — General anti-avoidance (dominant tax purpose)
Demonstrates the tax math of distributing discretionary trust income across multiple
beneficiaries with different marginal rates, with an optional bucket company at 25%
(BRE) or 30% (non-BRE). Switch FY to model the 2026 Budget 30% trust minimum
tax (proposed, from 1 July 2028). s.100A and PCG 2022/2 impose
strict requirements on the genuineness of distributions. This model shows tax math
only; implementation requires qualified advice.
⚠️ Carve-outs apply to some trusts — check before modelling
The proposed 30% minimum tax does not apply to:
Fixed trusts (beneficiaries have fixed entitlements)
Widely-held trusts (e.g. managed funds)
Complying superannuation funds
Special disability trusts
Deceased estates
Testamentary trusts in existence at 12 May 2026 (grandfathered)
Charitable trusts
Certain income types within otherwise-affected trusts are also exempt:
Primary production income
Income relating to vulnerable minors
Non-resident withholding tax income
Income from assets of testamentary trusts in existence at 12 May 2026
⚠️ Caveats and assumptions
Section 100A (ITAA 1936) — applies where a beneficiary's entitlement arises from a reimbursement agreement (beneficiary presently entitled but another party gets the economic benefit). The ATO's view in PCG 2022/2 sets out white, blue, and red zones.
PCG 2022/2 zones — green/blue (low risk, typical genuine distributions) through red (high risk, ATO will likely audit). Distributions to low-income beneficiaries who do not control the funds are typically red zone.
Family Trust Election (FTE) — required to access franking credits and to make distributions outside the family group without Family Trust Distribution Tax (47%). FTE locks the test individual permanently.
Trust deed limitations — distributions must be permitted by the trust deed. Some deeds restrict beneficiary classes or prohibit corporate beneficiaries. Deed review is essential.
Streaming — capital gains and franked dividends can be streamed to specific beneficiaries under ITAA 1997 s.115-225 / s.207-145, only if the trust deed permits and the streaming is properly documented in the trustee resolution before 30 June.
Bucket company timing & UPEs / Div 7A — distributions to a corporate beneficiary must be paid or have a present entitlement set before FY end. Post-2009 UPEs are treated as Div 7A loans requiring a complying loan agreement (7-year P&I) or sub-trust arrangement, or they become deemed dividends.
Children under 18 (s.102AG) — distributions to minors are taxed at penalty rates: tax-free up to $416, then 66% to $1,307, then 45% above. "Excepted trust income" (e.g. testamentary trusts, deceased estates) avoids this.
Personal Services Income (PSI) — if the trust income is from personal exertion, PSI rules (Div 84–87) attribute the income to the person earning it, defeating the distribution strategy.
Trust administration costs — annual returns, ASIC fees (for trustee company), accountant fees, FBT/PAYG obligations are not modelled. Bucket companies add further compliance cost.
2026 BUDGET — 30% MINIMUM TAX FROM 1 JULY 2028: trustees of discretionary trusts will be subject to a 30% minimum tax on the trust's taxable income from 1 July 2028. Non-corporate beneficiaries receive a non-refundable credit for the trustee tax paid. Sub-30% marginal-rate beneficiaries lose the excess credit permanently (the "tax leak").
CARVE-OUTS — the 30% minimum tax does NOT apply to: fixed trusts, widely-held trusts, complying superannuation funds, special disability trusts, deceased estates, testamentary trusts in existence at 12 May 2026 (grandfathered), and charitable trusts. Certain income types are also exempt: primary production income, vulnerable minor income, non-resident withholding tax income, and income from assets of grandfathered testamentary trusts.
TESTAMENTARY TRUST GRANDFATHERING — testamentary trusts that existed before 12 May 2026 are exempt. Testamentary trusts established after Budget night are caught by the minimum tax.
BUCKET COMPANY ANTI-AVOIDANCE — from 1 July 2028, corporate beneficiaries do not receive non-refundable credits for trust-level tax. This causes effective double-taxation through the chain: trust-level tax (lost) + corporate tax (creditable via franking) + shareholder marginal-rate tax. Effective rates of 50%+ are common.
FRANKING CREDIT INTERACTION — from 1 July 2028, trustees receiving franked dividends will be required to use those franking credits to pay the minimum tax. This affects trusts holding franked dividend-paying shares.
ROLLOVER RELIEF — a 3-year window from 1 July 2027 to 30 June 2030 allows assets to be moved out of discretionary trusts without triggering CGT. The relief facilitates transfers into companies, fixed trusts, or other entity types.
CGT 30% MINIMUM TAX INTERACTION — the separate 30% CGT minimum tax (effective 1 July 2027) applies to capital gains within trusts. This creates a dual floor: 30% on income via the trust minimum tax + 30% on capital gains via the CGT minimum tax.
LEGISLATION STATUS — these 2026 Budget measures are not yet law (as at May 2026) — they're proposals subject to parliamentary passage. Final mechanics may differ from the announced framework shown here.
The model uses simplified FY 2025-26 Stage 3 individual tax brackets. It does not include Medicare levy, MLS, LITO, HECS, or low-income offsets.
This is a modelling tool, not legal or tax advice. Trust structures involve trust law, tax law, family-provisions, stamp duty and lender implications. Decisions about establishing, restructuring, or exiting trusts require advice from a qualified tax adviser, lawyer, and financial planner.
📖 ATO references
Federal Budget 2026-27 — Trust Minimum Tax measure (announced 12 May 2026)
Treasury Fact Sheet — Minimum Tax on Discretionary Trusts (12 May 2026)
Federal Budget 2026-27 — CGT 30% Minimum Tax measure
Federal Budget 2026-27 — 3-year Restructure Rollover Relief
Model under rebuild. The 2023 "$3M unrealised-gains" proposal was withdrawn. The version that passed on 10 March 2026 (commencing 1 July 2026) taxes realised earnings only across two tiers — an additional 15% on earnings attributable to TSB between $3M and $10M, and roughly an additional 25% above $10M — with the thresholds CPI-indexed in $150k / $500k steps and negative earnings carried forward. The compute below was built against the superseded 2023 mechanics and is suppressed pending a full rewrite (Phase 8.23b). Caveats and references panels below have been refreshed; the input form is preserved so the rebuild can reuse the surface.
⚠️ Caveats and assumptions
Legislated mechanics (passed 10 Mar 2026, commences 1 Jul 2026) — the bullets below describe the rules the rebuilt model will implement. The current compute is suppressed.
Realised earnings only. The legislated tax applies to realised earnings attributable to the TSB excess — not the unrealised / paper-gains formula in the 2023 proposal.
Two tiers above the floor. An additional 15% applies to earnings attributable to TSB between $3M and $10M; an additional ~25% (≈40% effective) applies to earnings attributable to TSB above $10M.
Proportional attribution. Tax applies to the share of realised earnings attributable to the excess: (TSB − threshold) / TSB × realised earnings × tier rate, summed across the two tiers.
Thresholds are CPI-indexed in $150,000 increments at the $3M floor and $500,000 increments at the $10M ceiling — they are no longer frozen.
Negative earnings carry forward. Loss years produce a carry-forward amount that offsets future positive earnings before tax is calculated — not zeroed at year end.
Paid personally, not from super by default. The member can elect to have the fund release the amount, which then reduces the balance.
Withdrawals and contributions change TSB across the measurement window; the legislated formula adjusts for both. The previous model assumed constant contributions and no withdrawals.
Defined-benefit and inter-spouse splitting have specific treatment under the legislation; both are out of scope for the rebuild's first cut.
Regulations pending. Some operational detail (valuation timing, fund-release election mechanics, transitional rules) sits in regulations not yet finalised at the time of this update. Final implementation will be confirmed against published regulations before the 8.23b rewrite.
This is a modelling tool, not financial or tax advice. Division 296 affects high-balance super members; consult a qualified financial planner.
📖 ATO references
Treasury Laws Amendment (Better Targeted Superannuation Concessions) Act — passed 10 March 2026 (the 2023 Bill of the same short name was withdrawn and superseded)
ITAA 1997 Division 296 — additional tax on realised earnings attributable to TSB above $3M / $10M (two-tier)
Commencement: 1 July 2026 (FY 2026-27 is the first affected year)
ATO Pre-filling Service — TSB measurement at 30 June
SISA 1993 — Superannuation Industry (Supervision) Act
Regulations covering valuation timing, fund-release elections and transitional treatment are pending finalisation at the time of this update.
Three separate government super incentives, each keyed to a different contribution and a different income test. They are INDEPENDENT strategies — they do not stack on the same dollar. Figures are FY 2025-26.
Section 1 — Spouse contribution tax offset
Section 2 — LISTO (Low Income Super Tax Offset)
Section 3 — Government co-contribution
⚠️ Caveats and assumptions
These three incentives are independent. The spouse offset rewards you for contributing to your spouse's super; the co-contribution rewards an individual's own after-tax contribution; LISTO is an automatic refund of contributions tax. Do not add the three results together as a single benefit on one contribution.
Spouse offset: max $540, being 18% of the lesser of $3,000 and your contribution. Full amount if spouse income ≤ $37,000; phases to zero at $40,000. Spouse income = assessable income + reportable fringe benefits + reportable employer super. Spouse must be within their non-concessional cap and have a total super balance under $2M at the prior 30 June. Offset is non-refundable.
LISTO: 15% of concessional contributions, capped at $500 (minimum $10), for income up to $37,000. From 1 July 2027 the threshold rises to $45,000 and the cap to $810 (legislated) — re-check if modelling FY27-28 or later.
Co-contribution: 50% match on personal after-tax contributions, max $500, for total income up to $47,488; phases to zero at $62,488. Requires the 10%-from-employment/business test, age under 71, total super balance under $2M, and being within the non-concessional cap. The lower threshold is indexed each February, so the FY26-27 figure is not yet published — this card is FY25-26 only.
Contribution caps rise 1 July 2026 ($30k→$32.5k concessional; $120k→$130k non-concessional) — re-check contribution figures when modelling future years.
Educational only. Not financial advice. Verify at ato.gov.au.
Estimate the income-tax saving from salary-packaging an FBT-exempt electric vehicle through a novated lease. Battery-electric and hydrogen fuel-cell vehicles at or below the luxury car tax threshold ($91,387 for 2026-27) are exempt from Fringe Benefits Tax, so the full lease and running costs come from pre-tax salary. The saving shown is versus paying for the same vehicle and running costs from post-tax income.
⚠️ Caveats and assumptions
Although the EV is FBT-exempt, it still generates a Reportable Fringe Benefit Amount. This RFBA is added back into your income for several tests — including HECS/HELP Repayment Income, Division 293, the Medicare Levy Surcharge, and family-payment income tests. Note specifically: the HECS Optimiser card in this tool models compulsory repayment on taxable income only, so it will understate your HECS repayment if you package an exempt EV. This card does not compute those downstream effects.
Models FBT-exempt EVs only. PHEVs lost the exemption for new arrangements from 1 April 2025 and are treated like petrol cars; petrol/diesel cars are not exempt. For non-exempt vehicles the saving is reduced or eliminated by FBT (typically offset via the Employee Contribution Method), which this card does not model.
No Employee Contribution Method (ECM) is modelled because an exempt EV has no FBT to offset — ECM is only needed for non-exempt vehicles.
The luxury car tax threshold test uses the vehicle's value at first retail sale. If it ever exceeded $91,387 it is permanently ineligible, even if its value later falls below.
Saving = packaged amount × (your marginal rate + 2% Medicare levy). It assumes the full packaged amount would otherwise have been taxed at your marginal rate. It does not model GST input credits (claimed by your employer), lease interest/fees, or the end-of-lease residual.
Indicative model — not financial advice. Confirm with your salary-packaging provider and a licensed adviser before entering any lease.
Work out your claimable annual property depreciation and its tax value. Capital works (Division 43, the building structure) is claimable on most post-1987 buildings. Plant & equipment (Division 40, removable assets) has restrictions: for a second-hand residential property bought after 9 May 2017, you generally can't claim Division 40 on the existing assets — only on new items you install. Enter the figures from your quantity surveyor's schedule; this card applies the eligibility rules and values the deduction at your marginal rate.
⚠️ Caveats and assumptions
When Division 40 is blocked (second-hand plant in a residential property bought after 9 May 2017), those amounts aren't lost outright — they can typically be recognised as a capital loss / CGT cost-base adjustment when you eventually sell the property. This card does not model that CGT interaction. The annual deduction is simply unavailable while you hold the property.
Division 40 (plant & equipment) restriction: for a second-hand residential property under a contract signed after 7:30pm on 9 May 2017, Division 40 on the existing assets is not claimable — only on new plant you install yourself. Commercial property is not affected. Properties bought before that date, or new/off-the-plan, are not restricted.
Division 43 (capital works) is claimed at 2.5% per year over 40 years for buildings constructed after 15 September 1987, and is not affected by the 2017 change.
Enter the figures from a quantity surveyor's depreciation schedule. This card does not estimate depreciation amounts — they depend on construction date, fit-out value, and asset mix that a QS survey establishes.
Per-asset effective lives, diminishing-value vs prime-cost method, and low-value pooling are handled in the QS schedule and not modelled here.
Indicative model — not financial advice. Your QS schedule and a registered tax agent are the authoritative sources.
📖 ATO references
Capital works deductions
Rental properties — claiming capital allowances (Division 40)
Compare an Australian investment (insurance) bond against holding the same investment directly. Earnings inside a bond are taxed at the life company rate of 30% — but franking credits on Australian dividends can push the effective internal rate well below 30%, and after 10 years withdrawals are tax-free. Bonds suit higher-rate earners investing for the long term; if your marginal rate is below 30% you may pay more inside a bond than outside it. This model shows the effective internal rate it derives, so you can see the assumption it's using.
⚠️ Caveats and assumptions
Bonds are not universally tax-advantaged. They suit investors whose marginal rate is above the 30% bond rate and who hold for 10+ years. If your marginal rate is below 30%, you may pay more tax inside a bond than holding directly.
The effective internal rate shown is a simplifying assumption: it treats fully-franked Australian dividends as offsetting the 30% to roughly nil, and everything else — unfranked income, interest, and realised capital gains — at the full 30%. Inside a bond there is no 50% CGT discount on capital gains; a direct individual holder does get that discount, which this model gives the direct side.
Actual internal rate depends on the bond's asset mix, real franking levels, and the timing of realised gains each year. Your bond's PDS and annual statement are authoritative.
10-year rule: withdrawals at year 10 or later are tax-free to you. Withdrawing earlier makes part of the earnings assessable (all of it in years 1–8, two-thirds in year 9, one-third in year 10), with a non-refundable 30% offset for tax already paid.
125% rule: to keep the 10-year clock, each year's contribution should be no more than 125% of the prior year's. This model validates that limit but does not model the clock-restart if you exceed it.
Not modelled: the clock-restart on >125% contributions, education-bond rules, estate/beneficiary nomination benefits, and the notional unrealised-CGT some bonds deduct from unit prices.
Indicative model — not financial advice. Confirm with the product PDS and a licensed adviser.
📖 ATO references
Income Tax Assessment Act 1936 s.26AH — the 10-year rule
Check your eligibility to contribute up to $300,000 per person ($600,000 per couple) to super from the sale of your home, and see the effect on your super balance and your Centrelink-assessable assets. Available from age 55 with no upper age limit, outside the normal contribution caps, if you've owned the home for 10+ years.
⚠️ Caveats and assumptions
Age Pension interaction — relevant only if you receive or nearly qualify for the Age Pension. Your home is exempt from the assets test, but super counts once you reach Age Pension age. Retaining sale proceeds — whether or not you contribute them via downsizer — converts exempt home equity into an assessable asset, which can reduce your pension under the assets test (roughly $3 per fortnight less per $1,000 above the threshold). The actual effect depends on your full asset position, partner and homeowner status, and the income test, so this card doesn't estimate it. If you're pension-affected, model it with Services Australia's calculator or an adviser. Super is a concessionally-taxed environment, which is why many people use the downsizer route for retained proceeds.
The contribution doesn't count toward your concessional or non-concessional caps, and doesn't count toward the total super balance test for making it. Once contributed, it does form part of your total super balance for future purposes (e.g. future non-concessional eligibility, Division 296).
You generally must contribute within 90 days of receiving the sale proceeds. This card doesn't track that window — confirm your timing.
Eligibility also requires the home to have been your main residence and the sale to qualify (fully or partly) for the main residence CGT exemption, among other conditions not all checked here.
Indicative model — not financial advice. Confirm eligibility at ato.gov.au and model any Age Pension impact with Services Australia or a licensed adviser.
When you move super into retirement phase as an account-based pension, earnings become tax-free — but only up to the Transfer Balance Cap. Anything above the cap stays in accumulation (earnings taxed at 15%) or outside super (taxed at your marginal rate). This shows how much of your balance fits in the tax-free pension environment, the minimum you'd be required to draw, and the single-year earnings-tax difference across the three environments.
Single-year snapshot — not a lifetime projection. It shows the cap split and one year's earnings-tax difference, not how balances evolve over retirement (drawdowns, compounding, and depletion are not modelled here).
⚠️ Caveats and assumptions
This is a single-year snapshot of earnings-tax treatment, not a lifetime projection. The full multi-year picture — drawdown depletion, compounding, and how the three environments diverge over time — is not modelled in this version.
An account-based pension is not universally best. Only the amount up to the Transfer Balance Cap earns tax-free; anything above the cap should generally stay in accumulation rather than be forced into pension phase.
The pension's 0% earnings tax comes with a mandatory minimum annual drawdown that rises with age. This model shows the first-year minimum; it does not project how those drawdowns deplete the balance over time.
Uses the general Transfer Balance Cap. If you started a pension before 1 July 2025, your personal cap may be lower — check myGov.
Covers age 60+, where the taxable component is tax-free. The pre-60 pension offset is not modelled in this version.
Amounts above the cap can't be moved into pension phase without an excess-transfer-balance problem (you'd have to commute the excess, and tax accrues on notional earnings until you do). This model flags the excess amount but does not project that tax over time.
The Age Pension means test (deeming and assets test) can interact with where you hold your balance; this model does not compute Age Pension impact.
Indicative model — not financial advice. Confirm with a licensed adviser.
Tracking your diversification across local and international markets.
Calculating…
Holdings
⚠ FX stale
ACBValuation method
Adjusted Cost Base methodology. Same numbers as The Trader's Desk — every buy, sell, and FX rate normalised into one position-level ledger.
No trades imported yet.
Open The Holdings tab to import your trades — drag in a Stake XLSX or Betashares CSV.
Largest Positions
Return Contribution (A$)
Monthly Income Calendar
Cash flow by ticker and month — green cells indicate payment months
Add holdings with valid share counts and dividend amounts to see projections.
Historical Dividends
Actual payments received · last 12 months · A$
No historical dividend data yet
Record payments under Dividend History to see actuals
Currency Mix
Single source of truth for exchange rates — all conversions across the dashboard use these rates
Currency
Symbol
Rate to AUD
Live API Rate
Source
Status
Last Refreshed
Manually saved rates override live API rates on page load
Portfolio Currency Exposure
Active positions only · all values converted to AUD at live rates
Calculating…
Total Records
0
Unique Tickers
0
Date Range
—
Calculating…
Add Dividend Payment
🔔
Dividend Reconciliation
Dividends whose ex-date passed in the last 45 days and are not yet in your payment history.
Amounts shown in each stock's source currency · historical FX applied on confirm.
Payment History
Ticker
Date Paid
Total Received
Currency
Approx. A$
Source
No history yet — import a CSV or add entries manually.
Format: Ticker, Date, Total Dividend
Net Worth Forecast
Multi-year monthly projection · all figures in A$
📅
Your starting balances may be out of date
Salary typically grows faster than CPI; non-salary defaults to CPI.
Per-item override available in advanced row controls (⚙).
Portfolio Market Value (aggregated from The Holdings)A$—
Projected Dividend Income
ⓘA$—
FV = V × (1 + r/12)³
When on, dividends compound into portfolio value — not added to monthly cashflow.
Deducted from monthly cashflow & added to portfolio value each month.
Portfolio held by
Attribution used for tax calculations and Net Worth by Person.
Independent of the Income / Expense inflation toggles above — this controls rent and property expenses only. Mortgage payments and property capital value are unaffected.
💰 Cash at bank
OwnerOffset
⚠️ Cash balance last updated ago.
Your cumulative cash position — tracked month by month from net cashflow. Link it to a loan above to model an offset account.
10-Year Projection
120-month forward view · updates in real-time
Net Worth
Total Assets
Liabilities
Cash
Target
Monthly Forecast
Scroll right → to view all months
● Positive● Negative
Milestones & Goals
Bookmark targets like 🏡 a home deposit or 🚗 a new car — each appears on your 10-year chart
Net Worth History
Your recorded track record · builds as you roll forward each month
Edit any forecast input to populate this view.
Australian Tax Ledger
FY 2025–26 · Stage 3 tax cuts · ATO rules · For guidance only — not financial advice
Tax rates as at —. Verify with ATO before acting.
Estimated Return
Live estimate · updates as you edit income & deductions below
Click Recalculate to load your tax summary.
The Taxpayers
Person A
Person B
AU Franking %%
Foreign Withholding Tax15% (US treaty)
Income & deductions sourced from NWF entries. Assign owners & deduction types in the Income / Expenses sections above.
🧒 Child Care Subsidy (CCS) Balancing
2025–26 CCS: 90% subsidy up to A$85,279 combined ATI, tapering 1% per A$5,000 above. ATI includes back-add of net rental losses.
These adjust the income used for surcharge and HECS tests only — they don't change your income tax. Leave at zero if none apply.
Person AA$
Person BA$
Person AA$
Person BA$
RFBA is the grossed-up value of fringe benefits (from your PAYG summary). For a salary-packaged exempt EV via novated lease this is still reportable — your packaging provider can supply the exact RFBA figure.
Person AA$
Person BA$
Current-year net investment loss (positive number). Enter the absolute loss amount — the engine adds it back to income for the income tests. Phase 8.32b: this field auto-derives from your investment deductions − investment income (per-category, floored at zero independently). Auto-fill is per-person and only when the field is blank; user-typed values are never overwritten.
Person AA$
Person BA$
Used by Division 293 only (the lesser-of test). Does NOT change MLS or HECS. Reportable super (above) covers the MLS/HECS add-back; this field captures the broader concessional total (which also includes employer SG) the ATO uses for the Div 293 test.
Click Recalculate or switch to this tab to compute tax.
Income & Deduction Assignment
Line-by-line control · editable amounts & owners · green glow = deductible
Description
Source
Annual A$
Biz Use %
PAYG Withheld
Owner / Split %
Category
Deductible?
🧠 Tax Intelligence — Strategy Alerts
Run the tax calculation to see strategy alerts.
🧪
What-If Scenarios
Model salary sacrifice, CGT timing, and structure decisions across FY26–FY28
General information only based on publicly available ATO guidance and announced Budget measures as of 15 May 2026. Not personal financial or tax advice. CGT and trust changes are announced but not yet legislated and may change. Consult a registered tax agent before acting.
Rules version: 15 May 2026 · FY26 baseline
📋 Scenario Inputs
Snapshots Salary, Spouse, Super, Dividends & Franking % from The Horizon. Levers untouched.
Personal
Super
Portfolio & Structure
Bracket Reference
Resident individual income tax. Stage 3 cuts active from FY 2024-25; FY 2026-27 drops the 16% bracket to 15% (legislated).
FY 2025-26Current
Taxable Income
Marginal Rate
Tax on Range
$0 – $18,200
0%
Nil
$18,201 – $45,000
16%
up to $4,288
$45,001 – $135,000
30%
up to $27,000
$135,001 – $190,000
37%
up to $20,350
Over $190,000
45%
45¢ per $1
+ 2% Medicare Levy · LITO up to $700 · MLS 1.0/1.25/1.5% if no private hospital cover & single income >$101k/$118k/$158k (family >$202k base)
FY 2026-27Next
Taxable Income
Marginal Rate
Tax on Range
$0 – $18,200
0%
Nil
$18,201 – $45,000
15%
up to $4,020
$45,001 – $135,000
30%
up to $27,000
$135,001 – $190,000
37%
up to $20,350
Over $190,000
45%
45¢ per $1
+ 2% Medicare Levy · LITO up to $700 · MLS 1.0/1.25/1.5% if no private hospital cover & single income >$105k/$123k/$164k (family >$210k base, confirmed May 2026)
Franking credits reduce tax payable (refundable). Brackets above apply to resident individuals only; non-residents and working-holiday-makers use separate schedules.
⚡ What-If Scenario Comparison
Scenario A (Baseline) vs Current Configuration (Scenario B)
The Reserve
Total Return model · Multi-scenario deferral engine · Super TBC check · Means-tested Age Pension — projected to age 95.
Rates verified —
Withdrawal Style
⏱ Time to Freedom
—
Wealth at Freedom
—
Annual Cash Flow
—
Age Pension (est.)—·Projected Interest—·Wealth at 95—
Person A
Age—Super—Property eq.—Other—
Person B
Age—Super—Property eq.—Other—
Household total
Super—Property eq.—Other—NW (today)—
Portfolio split 50/50 for couples in v1. Excludes unattributed assets.
Overview
freedom · alerts · primary driver
⏳Independence
Calculating…
Enter your details below to project the trigger date.
Wealth at 95
A$—
Projected residual at end-of-life
★ Primary Driver
Sensitivity · High
The Household
Person A Age
Person B Age
Person A Retires
Person B Retires
Couple
Homeowner
Superannuation
Super Balance (A$)
Monthly Contrib (A$)
Growth Rate %
Transfer Balance Cap: A$2.0M
Non-Super Assets
auto-sync
Share Portfolio—
Net Rent / yr—
Property Equity—
Other NWF—
Cash Return %
Monthly Contrib (A$)
pre-retirement
Income Sources
Rental Growth %
e.g. 3–5% high-demand
Other Inc. /mo (A$)
Other Growth %
Royalties, side business, consulting — counts toward freedom trigger.
Approach & Target
Target Income — Pre-tax (Today's A$)
Engine treats this as gross. Subtract your effective rate (~13–25% depending on income) if you're thinking in net terms.
CPI Inflation %
Withdrawal Style
Tone
Conservative
Drops stock withdrawal rate to 3.2% — simulates a high-inflation / low-growth decade. Freedom trigger still uses 3.5%.
Wealth Trajectory
Real dollars · to age 95
PortSuperCashReq'd
Income Layers
Nominal A$ · post-retirement
RentOtherIntABPPenSWR
Tax Analysis · Independence vs Retirement
Two milestone years side-by-side
Year-by-Year Projection
Nominal A$ · Total Return model · Phase ①Bridge ②Super ③Pension
Year
Age
Age B
Portfolio EOY
Super EOY
Cash EOY
Interest
Net Rent
Other Inc
Super Draw
Stock Draw
Total Cash Flow
Target
Age Pension
Defer / Tax Save
🔍 Freedom MethodologyClick to expand
Freedom is calculated using a Total Return Drawdown logic. It is triggered in the first financial year where your Passive Income Floor (Net Rent + Other Income + Cash Interest) plus your Safe Withdrawal Rate (Balanced · 3.8%) from your portfolio meets or exceeds your inflation-adjusted Target Income. This model assumes a total return approach where dividends are reinvested to drive capital growth, and cash flow is optimised by drawing from passive layers first, then cash buffers, and finally capital sell-down.
⚖️ Important Disclaimer
This Retirement Planner is provided for educational and illustrative purposes only. It does not constitute personal financial, taxation, or superannuation advice. All projections are based on assumptions and simplifications — actual results will differ. Tax rules, Centrelink rates, deeming rates, and superannuation legislation change frequently. This tool applies 2024-25 Australian rules only and does not account for individual circumstances including SAPTO, HECS/HELP debts, family thresholds, defined-benefit super, or state-based concessions. You should consult a licensed financial adviser (AFS licence holder) before making retirement decisions. Past performance does not guarantee future returns. All currency values are in Australian Dollars (AUD). Dates follow DD/MM/YYYY format.
The Trader's Desk
Import Betashares CSV, Stake INVESTMENT_ACTIVITY.xlsx, or generic trade CSVs · ACB · realised P&L · partial fill grouping
Incomplete history — 0 ticker(s) with missing buys