108. How to Minimise your Tax

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discussed how to legally minimize your taxes. We mentioned the complexity of Australia's tax code and how you can utilise this to help bring down the amount of tax that you are paying. We’ll discuss things like; additional super contributions, negative gearing, franking credits and many more things that you can do to bring down the overall tax that you pay.

Learn valuable strategies and insights that can help you keep more of your hard-earned money while staying within the bounds of the law. Don't let complex tax codes overwhelm you; instead, empower yourself with knowledge. Tune in now and take the first step towards optimizing your financial future!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Minimizing tax legally

• Tax benefits of contributing to superannuation

• How Franking Credits can offset taxes on investment income

• Importance of positioning assets for Franking Credits to invest tax-effectively

• Negative gearing and its potential tax benefits

• Tax-free exemption associated with owner-occupied properties

• The importance of selecting the right asset ownership structure

• The need for coordination among professionals involved in tax planning

• Investment bonds as a tax-effective strategy

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