Whilst we all need to pay tax so that we can all have roads to drive on, hospitals to go to, and schools to send our kids to, there are no doubt times where it’d be great to pay a little less to our friends in Canberra.
When addressing a government inquiry in 1991, the late Mr Kerry Packer once said “Of course I am minimising my tax, and if anybody in this country doesn’t minimise their tax they want their heads read, because as a government, I can tell you you’re not spending it that well that we should be donating extra!”
At Carrington Financial Services we do not believe you should choose an investment just because it gives you a tax break, but if we can help you make wise investment choices that build long term wealth and have ongoing tax advantages then you can see that the strategies start to tick a few required boxes.
Options may include things like salary sacrificing more to superannuation, or restructuring your assets to be more tax efficient, as well as a multitude of options in between.
If the above sounds like one of your financial concerns, then we’d suggest you contact us to see how we can help.