Income Splitting In New Zealand

Описание: Welcome to our in-depth exploration of income splitting in New Zealand! In this comprehensive video, we delve into the intricacies of income splitting, a tax strategy that can significantly impact your financial planning.

We'll cover:

What is Income Splitting?
Learn the basics of how income splitting works and the scenarios where it can be applied effectively.

Benefits and Considerations:
Discover the potential tax benefits of income splitting, including reduced tax liability and increased family income. We’ll also discuss important considerations and potential drawbacks.

Real-Life Examples:
We’ll present real-life scenarios to illustrate how income splitting can be implemented and the outcomes you might expect. This is for 3 stages of life, working, on the verge of retirement and retirement.

Whether you're a business owner, self-employed, or looking to optimize your family's financial situation, this video is packed with valuable information to help you navigate income splitting. Don't forget to subscribe to our channel for more insights into personal finance and taxation, and hit the notification bell to stay updated on our latest content!Join the conversation in the comments below and let us know your thoughts or questions about income splitting. We love hearing from you and are here to help you make the best financial decisions for your future!

Disclaimer: The content on this channel is for educational purposes only and does not constitute financial advice. I am not a licensed financial advisor. Always do your own research or consult with a professional before making any financial decisions. I am not responsible for any actions you take based on the information provided.

⏱️ Video Chapters ⏱️
00:00 Intro
00:20 What Is Income Splitting?
01:20 Does New Zealand Do Income Splitting?
01:58 Current NZ Tax Brackets
02:30 New NZ Tax Brackets
04:42 Scenario 1 - Single Household Income Of $50k
05:11 Scenario 2 - Dual Household Income Of $25k Each ($50k Total)
06:19 Scenario 3 - Single Household Income Of $100k
06:41 Scenario 4 - Dual Household Income Of $50k Each ($100k Total)
09:37 Scenario 5 - Single Household Income Of $150k
09:57 Scenario 6 - Dual Household Income Of $75k Each ($150k Total)
11:14 What About Income Splitting In Retirement?
12:09 Superannuation - Scenario 1 - Pension Plus $12.5k Investment Income Each ($25k Total Investment Income)
13:28 Superannuation - Scenario 2 - Pension Plus $25k Investment Income In One Name
13:59 Superannuation - Scenario 3 - Pension Plus $25k Investment Income Each ($50k Total Investment Income)
14:27 Superannuation - Scenario 4 - Pension Plus $50k Investment Income In One Name
16:04 Summary

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