Tax Planning & Strategy – Must take actions before the 30th of June
Tax Planning 2021
For 2021, key priorities are likely to includes:
- Maximising superannuation contributions without exceeding the relevant limits
- Bringing forward deductible expenses
- Deferring taxable income
- Managing capital gains
- Using a Family Trust or a “bucket company” to cap your tax at 26% or 30%
Imagine what you could do with your tax saved:
- Reduce your home loan
- Top up your Super
- Save for a holiday (when we can all travel again!)
- Deposit for an Investment Property
- Pay for your children’s education
- Upgrade your Car
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