Have searched the forums and found little snippets of info but nothing major. I was starting to research and look into ways one can prepare financially if planning to start a family. Not even sure I have posted in the right discussion area to be honest!
Some basics I’ve read about for example is to pre pay tax for the FY were income will be less (assuming one parent will not work, or work less). I’ve heard that you can look at Super too, though whether it is co contributions, splitting contributions or something else altogether I don’t know.
I would like to hear form everyone, especially form people who have been through this and see what they have done to get the best out of the situation.
Who can provide the best advice with this... accountants? Financial planners? Or are there any great websites? I am not after a parenting site till will instruct you to pay off cc debt, and to eat out less and to prepare oneself for the extraordinary cost of diapers etc…. I’m after strategic ways of working the system and being wise ahead of time.
Thanks!
Some basics I’ve read about for example is to pre pay tax for the FY were income will be less (assuming one parent will not work, or work less). I’ve heard that you can look at Super too, though whether it is co contributions, splitting contributions or something else altogether I don’t know.
I would like to hear form everyone, especially form people who have been through this and see what they have done to get the best out of the situation.
Who can provide the best advice with this... accountants? Financial planners? Or are there any great websites? I am not after a parenting site till will instruct you to pay off cc debt, and to eat out less and to prepare oneself for the extraordinary cost of diapers etc…. I’m after strategic ways of working the system and being wise ahead of time.
Thanks!