Effective wealth management demands Investment Tax Effectiveness to optimise the return on your portfolio. It also works to improve asset protection – and investment efficiency.
You can can take action early each financial year to ensure that –
- you effectively manage tax cost, from a
- cash flow, and
- a financial advantage perspective.
By planning now, you can avoid a last-minute rush at year’s end. That rush may prove to be an expensive action.
Some of the things you can get in place now to ensure your tax burden is minimized for the current financial year include –
- Ensure that you carry adequate Income Protection insurance;
- Commence an effective debt-recycling strategy that will substitute tax deductible interest for interest on private debt;
- Consider a negatively-geared investment;
- Ensure good record-keeping (file receipts; summarise cash expenses; maintain a vehicle log book; etc); and
- Where possible, apply to the ATO for a reduction in the rate of PAYG Withholding from your salary, based on a known level of deductible expenses.
To obtain advice relevant to your personal circumstances on wealth management aspects, arrange an appointment with one of our experienced advisers –
- phone our office, on 07-34213456, or
- at your convenience, use the linked Book A Meeting facility.
We also suggest contacting your Accountant/ Tax Adviser for other tax planning strategies relevant to your situation.
(This article was originally posted by us in January 2013. We occasionally refresh/ update it, most recently in June 2025.)
