Everyone knows someone who’s heard of someone that doesn’t pay any tax. With the ATO’s sophisticated income matching protocols, the concept of anyone paying ‘no tax’ has definitely become an urban myth.
However, there are ways to legally minimise the amount of tax you pay – after all why pay more than you need to? Depending on your situation, Mason Lloyd will develop a set of tax efficiency strategies to help you reach your goals.
Those strategies might include (but aren’t limited to);
- Forming a family trust
- A self managed super fund
- Income splitting
- Salary sacrificing
- Prepaying interest
- Reducing future capital gains tax
Just for the record, we don’t particularly like paying tax either (and we certainly don’t consider ourselves partners of the ATO), so we try to minimise the taxman’s impact on you as much as possible.
If you’re wanting to see what you can do to legally reduce your tax liability, give Kerry a call on 6023 1700.
Got a question? Get in touch
If you've got financial or business questions, or you just want to run something by us, we'd be delighted to really talk to you – in person, over the phone - call us on 02 6023 1700 - or you can use the form below and we'll get back to you.