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Tim Rust

@timrust

I'm a [grand]father who often gets worked up about stuff

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But an even bigger thing to look at is debt recycling, which is particularly useful for someone who inherits a large sum or simply has some spare cash.

Here’s how that works. If someone has a home loan and $500,000 in a bank account, they could take $499,999 of that money and put in their home loan. They could then redraw the entire amount and use that money to buy an investment such as a share portfolio.

“That means that all the interest costs on that debt are then fully tax-deductible because it’s for investment purposes. And so you’re talking about a really significant tax deduction. If you think the average mortgage size in Australia is like $700,000-odd, then $40,000 a year of the interest on that could then become tax deductible,” Nash says.

“It’s a great strategy. It’s one that we use quite a lot with our clients, particularly the higher-income earners.”

But an even bigger thing to look at is debt recycling, which is particularly useful for someone who inherits a large sum or simply has some spare cash. Here’s how that works. If someone has a home loan and $500,000 in a bank account, they could take $499,999 of that money and put in their home loan. They could then redraw the entire amount and use that money to buy an investment such as a share portfolio. “That means that all the interest costs on that debt are then fully tax-deductible because it’s for investment purposes. And so you’re talking about a really significant tax deduction. If you think the average mortgage size in Australia is like $700,000-odd, then $40,000 a year of the interest on that could then become tax deductible,” Nash says. “It’s a great strategy. It’s one that we use quite a lot with our clients, particularly the higher-income earners.”

If you want to get just how rigged the tax system is for the rich, have a read of this tip from the AFR "wealth reporter"

16.06.2025 02:11 👍 572 🔁 199 💬 33 📌 12
Preview
a group of people are standing in a forest with the words `` bravely ran away away '' written on the screen . ALT: a group of people are standing in a forest with the words `` bravely ran away away '' written on the screen .

Brave, brave Sir Markwayne!

07.03.2026 17:13 👍 137 🔁 17 💬 3 📌 0

True, but what's the consequences for Israel if they don't? There haven't been any to date.

08.03.2026 01:17 👍 0 🔁 0 💬 1 📌 0

One lie fits all

08.03.2026 01:14 👍 1 🔁 0 💬 0 📌 0

US & Israeli spokesmen say;
Iranian sources claim.

08.03.2026 01:13 👍 2 🔁 0 💬 1 📌 0

What's good for General Bullmoose..

08.03.2026 01:11 👍 0 🔁 0 💬 0 📌 0

This is almost exactly what I said would happen on yesterday’s show. The conflicting & contradictory reasons given for the war, coupled with client journalists & pusillanimous politicians on both sides of the Atlantic, will enable him to claim ‘success’ when nothing remotely successful has happened.

06.03.2026 21:24 👍 1129 🔁 291 💬 110 📌 15

Maybe, but it's just as likely that Trump officials saw what Israel was doing in Gaza and said 'we need to do that too and stop listening to people telling us not to'.

07.03.2026 18:40 👍 17 🔁 2 💬 0 📌 0
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They blew up an elementary school Tom
www.theatlantic.com/ideas/2026/0...

07.03.2026 18:28 👍 4581 🔁 751 💬 144 📌 42

I do

07.03.2026 23:55 👍 0 🔁 0 💬 0 📌 0

Wong will call it "allegations"

07.03.2026 23:47 👍 0 🔁 0 💬 0 📌 0

School for girls, and water plants...

Nice, no wonder how the USA and Israel get along so well.

07.03.2026 18:46 👍 40 🔁 3 💬 1 📌 0

3rd wayers and Centrists: you don't gotta hand it to them

07.03.2026 23:35 👍 0 🔁 0 💬 0 📌 0

Israel (The political state) uses every situation to land a few sly shots and settle old scores, while hiding behind the skirts of their powerful and generous benefactors

07.03.2026 23:31 👍 1 🔁 0 💬 0 📌 0
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The asymmetry of the value placed on human life is so striking. Israel has a goal to recover 40-year-old remains; to do so, it invades a sovereign country, and the lives of 26 Lebanese are an afterthought. Their names not even worth printing in the New York Times.

07.03.2026 14:15 👍 5252 🔁 1793 💬 78 📌 63
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Dozens killed as Israeli special forces raid Lebanese village in search of 40-year-old remains Overnight, one Israeli operation saw at least 41 people killed and 40 injured, according to the Lebanese health ministry.

Israel is behaving like a medieval state.

This is fucking insane.

07.03.2026 20:13 👍 63 🔁 34 💬 10 📌 1
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Israel kills dozens in Lebanon after failed mission to find pilot’s remains Commandos started digging up grave thought to be of famous IDF pilot, leading to gunfight followed by airstrikes

‘Israel kills dozens in Lebanon after failed mission to find pilot’s remains

Commandos started digging up grave thought to be of famous IDF pilot, leading to gunfight followed by airstrikes’

These thugs are insane.

www.theguardian.com/world/2026/m...

07.03.2026 20:19 👍 4 🔁 5 💬 1 📌 0

Hard to imagine that

07.03.2026 11:03 👍 1 🔁 0 💬 1 📌 0

Julia? Are you awake? There is truth, and there is untruth. To be in a minority of one doesn't make you mad.”
― George Orwell, 1984

07.03.2026 09:22 👍 0 🔁 1 💬 0 📌 0

In summary: "pew pew, pew pew pew"

07.03.2026 09:33 👍 1 🔁 1 💬 0 📌 0

There are only two types of people who love war. Those who don’t have to fight in them and those who profit from them. And they are very often the same people.

07.03.2026 06:49 👍 65 🔁 18 💬 0 📌 1
Stoic Kristi Noem Bears Firing With Stiff Upper Lip, Chin, Cheeks, Forehead

Stoic Kristi Noem Bears Firing With Stiff Upper Lip, Chin, Cheeks, Forehead

Stoic Kristi Noem Bears Firing With Stiff Upper Lip, Chin, Cheeks, Forehead

06.03.2026 18:48 👍 13416 🔁 1949 💬 466 📌 169

They get serious neck injuries if they don't look up from time to time

07.03.2026 06:28 👍 1 🔁 0 💬 0 📌 0

Why make it better when they can simply make it different?
I'm still traumatised by the time an upgrade changed the entire colour scheme

07.03.2026 06:25 👍 3 🔁 0 💬 0 📌 0

My wife's brother's (then) partner. Never lived down the family legend!

07.03.2026 06:23 👍 1 🔁 0 💬 0 📌 0
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Six Nations Rugby weekend. Pictured Pincess Anne who is patron of the Scotish team and bother of Andrew Mountbatten-Windsor

06.03.2026 09:18 👍 456 🔁 61 💬 39 📌 9

.. without the wit

07.03.2026 05:07 👍 0 🔁 0 💬 0 📌 0

Have had the experience of someone beachcombing and putting a too recently departed seahorse on the mantelpiece for display. In summer, naturally

07.03.2026 05:06 👍 7 🔁 1 💬 1 📌 0

It took two hours for Albanese to declare support for the latest US/Israeli war crimes.

How long has it taken the Labor Party to consider raising the rate? To halting fossil fuels? To seriously address the racism to First Nations and Muslims?

The ALP in your head is long dead.

07.03.2026 01:24 👍 540 🔁 187 💬 41 📌 12
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U.S. May Have Committed War Crime In Sinking Of Iranian Ship The Geneva Conventions say nations have a duty to “take all possible measures” to help rescue victims of shipwrecks. A U.S. submarine left that to Sri Lanka.

It's a long way down from Midway to *drowning the Iranian Navy Band" for the US Navy I would have thought. www.huffpost.com/entry/submar...

07.03.2026 03:46 👍 10 🔁 5 💬 3 📌 1