If you ask yourself what your biggest expense is in your life, what’s the first thing that comes to mind? For most people it's tax and this is why smart tax planning is so important.
No matter what your situation, age or income, a little bit of End of Financial Year planning can go a long way. It can help you:
- boost your retirement savings
- maximise your Government entitlements, and
- minimise your tax liabilities.
We've prepared a quick summary of strategies to consider before end of financial year.
When it comes to growth assets like shares and property, how long you commit to your investment strategy can make a huge difference in the end.
Before you start formulating your investment strategy, you should first be clear on your investment time frame. Time frame is actually one of the most significant factors in all investment decisions.