HOW TO SAVE TAX

wo-ai-wo-jia

HOW TO SAVE TAX
It is now quite difficult for the average employee to claim huge tax deductions. However, there are still some legal strategies available that can help to minimise tax while you accumulate wealth.

The first of these is salary sacrifice whereby you come to an arrangement with your employer for your superannuation contributions to be made from pre-tax dollars. In most cases this means your superannuation incurs just the 15% contributions tax instead of losing 48.5% if it was paid for you after tax.

By far the best way to save tax is to focus your energies on building a large investment portfolio where the bulk of the returns comes from capital gains and not income. In contrast to interest which is taxed annually, capital gains enjoy a 50% tax concession and are not payable until you sell the asset. At Whittaker Macnaught we encourage a strategy of accumulating assets throughout your working life. By doing this you can then defer your capital gains tax for 30 years or more.

qqyang

一句话，有钱的就好办，没钱的别想了。

astina

CGT也要持有资产12个月以上才能有50'%concession的

黑山老妖

Yes, we all know compounding unrealised capital gain is the best wealth creation tool. Or don't we?

wo-ai-wo-jia

Devil_star,

Just saw your article about homeloan, I've learned a lot from it and really wished that I had seen it earlier. Would you please provide me some advice? We paid out the 1st home and just settled the 2nd one. We would like to do negative gearing but prefer to live in the 2nd house. what's the best way to do it? thanks heaps