Dividend Transfer Question

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by Elizabeth_in_Dubai, 15th Jun, 2022.

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  1. Elizabeth_in_Dubai

    Elizabeth_in_Dubai Member

    Joined:
    13th Jan, 2022
    Posts:
    20
    Location:
    The Redlands QLD
    Hi all, sorry if this is a dumb question. I'm American, married to an Aussie, moving to QLD in Aug. We own a house there, and have pulled out equity to do debt recycling. A little over 60% is going into an unlisted property trust (via EG Private Wealth), and considering between a private loan income fund (via Avari) & investing in franked dividends, via an online brokerage. My question is this - is it free to transfer the dividend distributions to our Qudos account? Can't seem to find answers online. Was looking at CMC Markets, but open to other options.



    Thanks in advance!
     
    Elizabeth_in_Dubai, 15th Jun, 2022
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,536
    Location:
    Sydney
    Income from a income producing investment can be drawn out, spent and used without any impact on borrowing and interest deductions.
     
    Paul@PAS, 16th Jun, 2022
    #2