Tax Minimisation Strategies
With the end of financial year approaching quickly, NOW is the ideal time to meet and discuss the suitable actions you can take before 30 June 2024, to reduce your tax and grow your wealth.
For 2024, key priorities are likely to include:
- Upgrading to an electric vehicle.
- Maximising superannuation contributions – and using carry-forward amounts from prior years if applicable to make even larger superannuation contributions
- Bringing forward deductible expenses
- Deferring taxable income
- Managing capital gains
- Using a Family Trust to cap your tax at 25% or 30%
Tax Planning Meetings
The sooner we start planning the better! If you haven’t scheduled a meeting with your advisor yet, please contact us today!
We need to do this well before 30 June 2024 to allow enough time to implement the relevant tax saving strategies.
Download the 2024 Tax Minimisation Guides
Our advisors have prepared the below 2024 Tax Minimisation guides. These guides outline the various strategies we can consider to help reduce your personal and business tax bill this financial year.