Smart Tax Minimisation Strategies for High Income Earners.
Taxes arecomplicated and often stressful■
We can help you to make the most of your tax situation, whether it is a personal matter or business related. Our team of experts will work with you to find ways for you to reduce your tax burden while also helping you plan for future financial goals.
We can help you meet your responsibilities without compromising your future.
Work with a team of highly qualified financial planners
We are committed to providing the best service possible so that our clients feel confident about their decisions. Our goal is to provide peace of mind when it comes to taxes so you can focus on what matters most – running your business or managing your personal finances.
Are you paying unnecessary taxes each year?
This is a problem that only gets worse as your income grows and you make more money over the years.
Like most high income earners, do you need tax minimisation strategies to save thousands of dollars but have no idea where to start or what the best approach is for your situation?
Is it hard enough keeping track of everything on your own without having to worry about making mistakes that could cost you time and money?
And like most people, do you want to ensure you know about all the deductions that are applicable to your situation?
Our goal is to give you peace of mind when it comes to your taxes – not just for this year but for all years to come.
Book a Chat with a Tax Minimisation financial advisor today!
Reducing your tax improves your lifestyle and helps you unlock new financial opportunities.
Buying assets in your partner’s name
For this strategy to be effective, your partner must have a lower marginal tax rate than you do. That way, the net income from the investment will be taxed at a lower level. If the investment in negatively geared, then it may be more tax effective for your higher-income partner to own it as they will be able to use the amount of the negative gear to reduce their taxable income and therefore tax liability.
Salary sacrificing into super involves forgoing some of your pre-tax salary/wages and putting it into super instead. This is a tax-effective strategy because super contributions are taxed at the concessional rate of 15% in Australia. This rate is lower than the lowest marginal tax rate, therefore you will save tax by doing it.
Setting up a discretionary trust to distribute income
This allows you to distribute the income to trust beneficiaries with lower marginal tax rates, therefore reducing your personal tax liability.
Negative gearing is the situation where your tax-deductible expenses associated with an investment property exceed the rental income it generates. This therefore reduces your taxable income and the amount of tax you pay.
We deliver great results for individuals and businesses by focusing on the following key elements:
We can help you understand tax regulation changes, so that you don't get caught out by sudden regulations or miss important deductions.
Save more money to build your wealth.
Maximise your tax-deductible expenses.
Legally minimise your tax.
Avoid penalties with effective tax planning.
Reduce taxable income through super.
Lower your liability with an investment strategy that ensures the highest possible refund.
Regardless of age or lifestyle, we can help you find the right coverage tailored to your needs.
Protect your assets
Keep your family protected with comprehensive coverages such as life insurance, income protection, TPD or trauma insurance.
Ensure your business success with the right coverage
Maximum cost savings
Easy and straightforward advice
You’ve worked hard for your money - it’s time to make sure that you maximise deductions and minimise risks!
Schedule a complimentary tax minimisation consultation with our friendly team of financial planners.