Tip 1 – Use salary sacrificing to boost your super and save tax this financial year!
Setting up a salary sacrifice arrangement can be a great way to boost your super balance while reducing the amount of tax you pay. Contact us today to find out how we can help you before the end of this financial year.
Tip 2 – Unlock your super while you are still working?
If you’re aged 55 and over, Transition to Retirement (TTR) rules mean you may be able to access your super while you’re still working. This can help to open up a range of flexible working hours without reducing your income and it can also help to improve the tax effectiveness of your income. Speak to our team today to find out how you can unlock your super early.
Tip 3 – Protect your income and quality of life while lowering your tax bill!
It is important to protect your income to maintain your quality of life and support you and your loved ones. Premiums on income protection insurance are generally tax deductible and you may be able to bring forward your tax deduction to this financial year for next year’s cover. Speak to our team today to find an income protection solution that could suit you.
Tip 4 – The window is open for managing your capital gains tax effectively!
If you have or will potentially realise a capital gain from the sale of an investment during this financial year, there may be a number of strategies you can consider to help you save tax and boost your retirement savings. Contact us today to find out how we can help you before the end of this financial year.
Tip 5 – Are you making the most of your super contributions cap?
Did you know the cap on super contributions may change from year to year? Make sure you know where you stand to avoid paying excess taxes for contributions above the cap. You can also use this as an opportunity to boost your super and save tax if your year to date contributions are below your cap. Contact us today to find out how we can help you before the end of this financial year.
Tip 6 – Have you protected your most important asset – you?
We insure our homes, cars, valuables and our holidays. Some even insure their golf clubs. But when it comes to insuring our incomes or our lives many people mistakenly believe it is too hard or too costly. We can help explain different policy covers and application processes relevant to your needs. To ensure you and your family’s future is protected speak to one of our financial advisers today.