Question: My wife does not work. We have money to invest in shares. Wondering what's the best way to approach shares to generate a yearly income of $15,000 (to be below tax threshold) in her name.
Answer: The market is currently yielding around 5% so you would need to have $300,000 invested in shares to produce an income of $15,000 a year. The first decision should be what entity the shares should be held in, for example it may be best to hold them in the name of a self managed super fund. A good stockbroker should be able to advise you on shares that suit your goals and your risk profile.