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Discussion about Peer-to-Peer Lenders

Harmoney
Squirrel Money

Posts about Harmoney on ShareTrader.co.nz

“Hi, I'm sure my question has been discussed before, but having no luck trawling through the pages trying to find it. Is it possible to offset Harmoney earnings against rental property mortgage interest to reduce tax liability. And/or take a small mortgage to invest in Harmoney and offset the interest paid against the...” View full post »

“Cagey and 777 - I think you need to get some advice. If the wealth is jointly owned then IRD expects income from it to be shared equally. Anything else IRD considers to be a tax arrangement. Ultimately that would reduce my tax. To take that further then all married people have joint wealth except for an inheritance...” View full post »

“Cagey and 777 - I think you need to get some advice. If the wealth is jointly owned then IRD expects income from it to be shared equally. Anything else IRD considers to be a tax arrangement....” View full post »

“I've considered this in the past, but are there any other IRD considerations? Say we had a bank account where we are both joint holders. Could my partner open a Harmoney account in their name, with deposits paid from that joint account, and be considered a separate entity in regards to tax bracket? Well if you can't then...” View full post »

“Create a Harmoney account in your partners name... Lower tax rate means higher investment return, which results in a higher compounding effect etc. Assuming that's an option? I've considered this in the past, but are there any other IRD considerations? Say we had a bank account where we are both joint holders. Could...” View full post »

“Good suggestion, but not sure an account in her name would be an option. Need to balance preservation trust capital with tax efficiency. Thanks for the suggestion, would otherwise be a good option....” View full post »

“there is no simple fix. Create a Harmoney account in your partners name... Lower tax rate means higher investment return, which results in a higher compounding effect etc. Assuming that's an option?...” View full post »

“Thanks. One of those age old question, tax efficiency or maximising trust assets. Nice advice and given me a lot to think about. Might consider a ltd liability company with dividends through to my partner. Company dividends usually go to shareholders pro rata. In your circumstances anything else will attract the attention...” View full post »

“If you go back a few pages you'll find a graph of exactly that. This is just observation, when looking at the data between different years previously. I observed that arrears/defaults in xmas 2017 (nov & dec17) against other months of the year showed a deterioration during the xmas months. However in prior years there...” View full post »

“Leesal, think about who owns the money you have in Harmoney. If passing income through a trust to your partner would enable you to reduce the tax rate then the income attributed would no longer be yours or your trusts but your partner's. If you are willing to make "your" money relationship money then perhaps ask why the...” View full post »

View full Harmoney thread on ShareTrader.co.nz

Posts about Squirrel Money on ShareTrader.co.nz

“There is no funds waiting for that rate so it must have gone. We must be looking at different pages!! 5-7 Years still 133K waiting to go!! 10154...” View full post »

“I see as of today, there is 133K of funds waiting for 8.5% There is no funds waiting for that rate so it must have gone....” View full post »

“9% no longer exists. the highest rate is 8.5% for 5-7 years. It appears that the fastest way to get your money invested and working for you is 6% for 1 year which is still double what you get for a bank term deposit. Thanks for the update ICYFIRE... I'll ask a different question now :) Has Anyone got an order filled...” View full post »

“9% no longer exists. the highest rate is 8.5% for 5-7 years. It appears that the fastest way to get your money invested and working for you is 6% for 1 year which is still double what you get for a bank term deposit....” View full post »

“Has Anyone got an order filled at the 'good old day' rates of 9% in say the last 5 months??...” View full post »

“Not what I said. Based on the email they sent out it appears SM are positioning themselves further away from Harmoney at the lower returns end of the market attempting to entice people with large sums tied up in term deposits who can earn much greater returns for a minimal increase in risk while keeping liquidity. Looks...” View full post »

“Selling two loans- 1. $477.02 @ 8.5% (4yrs, 10mnths) 2. $464.39 @ 8.35% (4yrs, 5mnths) They're available on the secondary market now....” View full post »

“Anyone else having trouble logging into Squirrel today? Can't get the login screen either on Edge or Chrome....” View full post »

“Not what I said. Based on the email they sent out it appears SM are positioning themselves further away from Harmoney at the lower returns end of the market attempting to entice people with large sums tied up in term deposits who can earn much greater returns for a minimal increase in risk while keeping liquidity. Looks...” View full post »

“So some big changes coming then... I assume they are targeting their existing mortgage base for these new homeowner loans. SM looking like a very conservative investment now. Max rate 8.5% with double protection being first the reserve fund and security on the homeowner loans. Would I be right in assuming that most who...” View full post »

View full Squirrel Money thread on ShareTrader.co.nz

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