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Tax Strategies

Tax Strategies

Effectively minimise your tax bill

  • Capital Gains offsets
  • Negative gearing & salary sacrificing
  • Lower overall tax exposure
  • A legal & legitimate process

 

Minimise Capital Gains Tax

Timely holding of performing assets will gain hefty CGT discounts and disposal of non-performing ones will enable capital loss CGT offsets. The art is to identify quality assets and hold them over the long term to minimise CGT exposure, and use the capital losses from the sale of non-performers to reduce overall tax burden.

Tax minimisation involves focusing on the practical matter of paying only the tax that is legitimately and legally required to be paid. It involves making decisions that reflect individual circumstances and relies on solid, professional tax planning advice.

 

And we’re talking about tax minimisation strategies, not tax avoidance schemes.

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Tax minimisation is not an “off the shelf” solution, nor is it “one-solution-fits-all’. Minimising tax is all about sound planning and maximising opportunities that relate to unique circumstances, and covers a number of activities:

 

Reducing Tax-assessable income

Investment strategies such as negative gearing and salary sacrificing offer legitimate ways of reducing the overall amount of taxable income. And simple solutions such as claiming every possible tax deduction or buying tax-deductible income protection insurance are often overlooked.

Maximise Superannuation opportunities

Super offers a number of ways to accelerate long-term wealth and reduce taxation exposure:
By salary sacrificing part of pre-tax salary no income tax is payable on the salary sacrifice amount, potentially giving a reduction in tax payable.
Contributing to a super fund from after-tax salary ((Non-Concessional (Undeducted) super contribution)), either to the taxpayer or spouse’s fund can generate reduced income tax exposure.
Government co-contributions, in certain circumstances, may be an additional benefit

Structured Investments

Carefully selecting investment structures with a lower tax rate than the top personal marginal tax rate can significantly lower overall tax exposure.

Don’t get stung by the tax man

Tax minimisation strategies are a legal and legitimate process within the financial planning industry. But to fully comply in an environment of constantly changing rules and regulations requires intimate knowledge of all the requirements.

Don’t take risks; call us for insightful assistance in developing a plan that’s right for you.

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“My sole purpose is to help clients achieve their financial and lifestyle objectives. To get them from where they are today to where they want to be – as safely and securely as economically possible” Chris Wren
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