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Estate Planning – Don’t include the tax office in your will

Posted by Cameron Batterham at Wednesday, March 22, 2017

Dad leaves money in his Will to the tax office!

Sounds silly, however this is what many people do with a simple or free will kit. Dad thought he was doing the right thing by leaving everything to his wife, however he did not realise that his family will now be paying thousands of dollars in tax each year unnecessarily.

The simplest way to prevent this is with a Testamentary trust.

A testamentary trust is a trust established by someone’s Will. It comes into existence only when that person dies. Including a testamentary trust in your will can be useful for making tax effective distributions to beneficiaries under the age of 18, caring for children or a dependent who is incapacitated, and preventing beneficiaries from inappropriately spending their inheritance.

A family with 2 children could earn $60,000 tax free with the use of a testamentary trust.

Tax effective estate planning

The disposal of assets in accordance with your Will may have tax consequences, including CGT, that you should consider when drafting your will and creating your estate plan. There are many strategies you can use to help make your estate plan as tax effective as possible for your dependents and beneficiaries. Some of these strategies include

  1. Ensuring the proceeds of an insurance policy paid from a superannuation fund is paid to dependents as this would be tax free.
  2. Distributing an asset (rather than the proceeds of the sale of that asset) to a beneficiary to defer any CGT liability.
  3. Using discretionary trusts can help minimise the tax a beneficiary pays on receipt of an inheritance.
  4. Using testamentary trusts can be an effective way to provide an inheritance to young children.

Death may be one of the two certainties in life – the other being taxes – but another could easily be the reluctance many have towards dealing with this inevitable event. Do you know how your loved ones will be cared for if something happens to you? If the answer is “no”, then it’s time you took steps to put your affairs in order.

There are many good reasons for having an estate plan, these are just the top three:

1.            Not wanting to add to your family’s anxiety or hardships while they are trying to deal with their loss

2.            Your hard-earned assets to end up in the wrong hands or to cause friction between those named in your will, simply because your intentions weren’t properly documented; and

3.            Your beneficiaries to pay more tax on their inheritance than they are obliged to.

That’s why proper estate planning, including having a will and keeping it updated, is essential.

In Australia, if you die without a valid will – known as dying ‘intestate’ – a court-appointed administrator could be charged with distributing your assets and even deciding who looks after your children if they are under 18. He or she may follow a pre-determined formula that could lead to a very different outcome to the one you wanted, which could cause delays in settling your estate. Studies show that 45 per cent of Australians don’t have a will so if you don’t have one, then it’s time to join the 55 per cent who do.

Drawing up a will is far more complex than merely deciding to whom you want to leave your assets to. An understanding of which assets pass into your estate is required and this is why seeking advice is important.

For instance, not all the assets you own or control can be dealt with under your will, including:

•             assets owned as a joint tenant;

•             assets owned by a company or held in a trust; and

•             superannuation death benefits or life insurance proceeds that are paid directly to a beneficiary rather than to your estate.

Joint tenancy and tenancy in common

Jointly owned assets or property can be held in one of two ways – either as joint tenants or as tenants in common. If an asset is held as joint tenants, on your death, the surviving joint tenant automatically acquires ownership of your share of the asset (‘rule of survivorship). The asset won’t form part of your estate and can’t be dealt with under your will.

If an asset is held as tenants in common, your share of the asset (i.e. 50%) will form part of your estate and can be specifically dealt with under your will.

Assets owned by a company or held in trust

If you own assets via a company or trust, your estate plan needs to address how control of that entity will be passed upon your death.  This will ensure the assets of the entity will pass in accordance with your wishes.

In the case of a company, this will involve considering who will be entitled to any shares you own in the company on your death. It may also require an examination of any rights you may have under the constitution of the company to appoint directors.

In the case of a trust, you will need to examine any rights you may have under the trust deed to appoint a replacement trustee and/or appointor or to wind up the trust and direct how its assets should be disposed of. If the trustee of the trust is a company, it will also involve considering who would be entitled to any shares you own in that company.

Superannuation & Life Insurance death benefits

Assets held by a superannuation fund usually bypass the estate and are paid to a dependant spouse or children, as are life insurance benefits with binding nominations (where you specifically name your beneficiaries). If there is no nomination or the nomination is faulty, the payment of benefits may be subject to the super fund’s rules, and this may not always be what you desired.

As part of your estate plan, you also need to consider the tax implications of how your death benefit is dealt with. Lump sum payments paid to dependents (as defined under income tax laws) are tax free. Taxable components paid to non-dependents are subject to tax.

Planning for your own future needs

You should also be planning for your own future requirements. For example, there may come a time when you’re unable to make decisions for yourself because of a loss of capacity. To assist here, you need to nominate an enduring power of attorney. This trusted person is someone you appoint to make financial and property decisions on your behalf.

Nominating an enduring power of attorney before you get to the ‘loss of capacity’ stage is important as you can’t nominate one after this happens. Remember that a regular power of attorney becomes invalid upon your death or if you lose the mental capacity to make your own decisions. An enduring power of attorney, however, will allow your trusted person to act on your behalf if this happens and you are no longer able to manage your financial affairs.

You may also wish to nominate a medical power of attorney, also known as an enduring guardian, who can make medical decisions on your behalf.

Insurance cover:

According to consulting group Rice Warner, Australia has a large underinsurance problem. It found that if couples in their mid-thirties with young children relied on the default cover in their super fund, then only 30 per cent of their life insurance needs were covered.


There are many tax time bombs found in estate planning. For instance, an asset you leave one child may be subject to capital gains tax while an asset left to another may be exempt. This could result in each child receiving very different inheritances when you thought you were leaving them equal shares. Also, the tax payable on some benefits may depend on each beneficiary’s personal circumstances.

Asset ownership structures:

Different structures offer different benefits. For example, a testamentary trust comes into effect at the time of your death and can help protect your assets against any claims that arise if your children become divorced or bankrupt. They can also be used to reduce tax and provide for young or disabled children. Other structures include companies, self-managed super funds and family trusts.

Your wishes:

You may want to give additional direction to those you have given powers of attorney. For example, an anticipatory direction lets you list what medical treatment you want or don’t want, if you can no longer make those decisions yourself. Similarly, an advance healthcare directive (or living will) details the type and extent of healthcare you wish to receive. You may also want to spell out your desires regarding your funeral arrangements, rather than have your family second guess what you would have wanted.

Estate planning can be complicated, but it’s important to do things properly so that your family can avoid any potential legal issues – especially as regulations change over time.

At a time when your loved ones are coping with a loss, don’t leave them with additional hurdles to overcome.

Together with your Accountant and an estate planning lawyer we can help you investigate which strategies are appropriate for your personal situation. As your local Perth Accountant, we recommend Brett Davies of Legal Consolidated Barristers & Solicitors for all our estate planning needs. Please contact us on 08 93828900 for all your estate planning needs.

How To Maximise Your Super Contributions Before The Biggest Changes to Super In A Decade

Posted by Sarah Gasson at Friday, February 3, 2017

You may have heard, major changes to tax and superannuation were approved by the Australian Government in early December 2016, and most of these changes will take place on 1 July 2017. The good news is there is still time to maximise your super contributions before these changes take effect.

Make no mistake, these changes are significant. In fact, they are the biggest in the last 10 years. Which is why you need to start planning for these changes as soon as possible. How do you do this? Well, you’ve come to the right place.

There are 3 key actions for you, right now.

1. Maximise Super Contributions – Large Amounts Now For Possibly the Last Time

While you might not be flush with cash now or able to put large amounts into superannuation, it’s important that you’re aware of what is possible to maximise your super balance and how to reduce your tax.

The following changes occur from 1 July 2017:

  • The tax deductible super contribution cap decreases to $25,000 per year (from $30,000 per year) for up to age 49, or $35,000 per year for age 50 to age 75 )after passing a work test if over 65).
  • The non-tax deductible super contribution cap decreases to $100,000 per year (provided your super balance is less than $1.6 million) from $180,000 per year.
  • You may have a one-off opportunity to make a non-tax deductible contribution to super of $540,000 before 30 June 2017, depending on prior year contributions if any.

2. After You’ve Maxed Out Your Super Tax Deductions What Else Is There?

One of the most effective ways to reduce your tax is through super contributions. The second is to prepay interest on an investment asset.

One solution is to prepay interest towards a portfolio of shares that are capital protected (meaning the value of the initial portfolio is 100% protected if the market falls).

This has the effect of getting a tax refund and then using it to help fund owning a protected share portfolio, usually for a 2-year period.

Unfortunately, this strategy doesn’t apply to everyone. You must be pre-qualified to ensure you will be better off from this strategy.

3. Establish a Blood Descendant Will to Keep Your Money and Assets In Your Family

We believe a blood descendant Will (or a lineal descent Will) is possibly the most important thing you can create for your family.

Rather than making gifts under your Will to individuals, you can make gifts to blood descendant Trusts set aside for those individuals.

After your death, the individual you have intended to benefit will control the blood descendant Trust set aside for them and will be able to use the assets in the trust as if they owned them.

It is worth noting that those assets will not be at risk should the individual divorce or have a separation.

Under the terms of a blood descendant Will:

  • The passing of the capital assets or proceeds is limited to the Will-maker’s bloodline.
  • Income may be distributed to a broader range of beneficiaries, including in-laws (at the discretion of the trustee).
  • Assets are protected from attacks against beneficiaries, whether from personal creditors or the Family Court.

Need Help Maximising Your Super Contributions? Batterham & Associates Can Help.

Not only do we specialise in tax and accounting, but we also offer financial planning and business advice. Get in touch today for a FREE no-obligation consultation to discuss your options.

Professional business accounting services are essential, but they can also be expensive.

However, growing businesses rapidly find they need the service of an accountant to help manage the finances of their business.

But which business accounting services do you actually need, how should you pay for them, and how do you make sure you’re getting value for money?

Here’s our top five tips for getting the most from your accountant while managing the cost of their service.

1.Use Fixed Fees

Agree on a fixed fee for business accounting services, rather than paying by the hour. This will enable you to plan ahead for the cost of the work and to control costs.

The fixed fee agreement should come with clear detail on what you’ll get in return for your money, but you’ll also have the option of commissioning additional work should it prove necessary.

2. Be Realistic About Your Budget

While it’s important to keep a tight rein on all costs, accountancy fees included, review your budget on a regular basis.

Over time, the work you require from your accountant will change. You may need additional, more wide-ranging services, or less support as the business becomes large enough to support more in-house staff.

Update your budgets according to what your business needs.

3. Buy What You Need

Most accountants offer a menu of services, so think carefully about what you actually want. In particular, look at the support an accountant can give you as you try to grow your business.

Ongoing advice and feedback based on the financials your business is generating and the accountant’s experience and knowledge working with other firms is essential.

Equally, don’t pay for what you’re not getting.

4. Timing Is Crucial

The frequency of the work your accountant produces can make as much difference as the work itself.

If your interactions are occasional you may be satisfying your compliance responsibilities, but you won’t be getting timely analysis of trading and business performance that you can put to good use.

5. Relationships Matter

It’s your accountant’s responsibility to make an important contribution to your business’s growth, but if you don’t trust them, or feel comfortable talking frankly and openly with them, you won’t be able to take full advantage.

An accountant should be a trusted business partner who is able to provide constructive support as you run your business. If that’s not an accurate description of your relationship, it’s time to ask why.

Looking For Fixed Price Business Accounting Services?

Batterham & Associates offers real advice, not just accountancy, and at a fixed price. We are a trusted business advisor, financial advisor, accountant and bookkeeper all rolled into one.

If your accountant is not fulfilling your needs, it’s time to have a chat to us.

What We Do | Get In Touch

Taxes are one of the most important issues facing small, growing businesses.

As a small business owner you must become tax savvy to ensure you are meeting all the responsibilities expected of you by the Australian Taxation Office (ATO). If you don’t you could end up owing the ATO more than you bargained for.

Taking the time and effort to understand how the tax system works on a basic level will help you to plan and budget effectively, and identify any opportunities to reduce your taxes. This is something every business can and should be doing.

To get you started I have put together these four key tax tips for small businesses.

1.Remember Important Deadlines

You will already be aware the ATO requires individual tax returns to be lodged by a certain deadline.Similarly, the ATO also has deadlines for businesses to lodge activity statements, GST returns, FBT reports, PAYG withholding reports, superannuation and income tax returns.

To find out what deadlines affect your business speak to your accountant. They will be able to give you a complete overview of everything that must be submitted throughout the tax year.

2. Keep Your Books In Order

Good record keeping is fundamental to a successful business. The business records you should be keeping include invoices, receipts, cash register tapes, banking records, creditors invoices, wage records, cheque butts and cash books.

Keep an asset register to record what assets you purchase for the business.

To make life easier, make good use of the wide selection of software packages and online facilities available to you. Software such as Xero Accounting Software, which is specifically aimed towards small businesses, will help you keep your records in order.

Remember to store all your documents in a safe place for at least five years – just in case the ATO decide to audit your business.

Work papers are also desirable as they assist in the preparation of proper accounting records for the determination of income tax liability.

3. Deductions and Charitable Contributions

Some tax deductions are obvious, like office expenses, rent, employee wages and business travel. Also, keep in mind other deductions such as depreciation of assets, trips that combine business and pleasure and advertising costs.Be consistent with your deductions. Things like lunch with a client or driving to meet with a client can sometimes be forgotten.

Charitable contributions can usually be claimed as deductions on your individual tax return. However, make sure the charities are endorsed by the ATO to maximise your return.

4. Regularly Review With Your Accountant

Your accountant can help with your tax planning, so don’t leave it too late in providing them with your financial records. That way your tax returns can be lodged on time, with no unnecessary delays.Your Action Plan

To make sure you keep on top of your tax obligations diarise the key lodgement dates for your business. These can be found on the ATO’s website.

You should also diarise regular tax planning meetings with your accountant. Ideally on a quarterly basis.

Whatever you do don’t leave your tax returns and activity statements to the last minute. You don’t want to end up with a late lodgement fee.

Need Help Managing Your Tax Affairs?

Batterham & Associates can do all the hard work for you. We offer fixed price accounting for small businesses. We will manage all your tax and accounting affairs throughout the year for a small monthly fee. For more information click here.

Why New Business Market Research Is Vital To The Success of Your Startup

Posted by Sarah Gasson at Friday, March 18, 2016

One of the main reasons new businesses fail is because the correct market research wasn’t carried out to determine its viability.

Why spend time, effort and money setting up your business, only to find an identical product is already being sold elsewhere? Or maybe customers simply don’t want to pay for the service you’re offering?

It is therefore essential you conduct some new business market research before writing your business plan. The results of the research will help you shape your offering and work out what your marketing strategy will be.

Unfortunately, asking your mates if they think you have a good idea for a business won’t be enough.  A more honest and reliable response to your idea will likely come from a number of people in your target market, or from a cross-section of the public.

The first thing to do is to think about your ideal target market and develop your buyer personas. This will give you a solid understanding of who your buyers are and their needs. Then build your research questions around these specific personas.

Simple Market Research Ideas

Information can be obtained on your chosen market through written questionnaires, face-to-face surveys, online surveys and focus groups.

It’s often best to get out there and talk to people face-to-face wherever you can. After all, these are your potential customers.

Talking to them face-to-face will help you understand your customers better and ensure you are well on your way to developing a working relationship with them. You may even get a sale – but at the very least it will give you some leads you can use for future marketing of your business.

If you are planning on conducting some formal research then bear these points in mind:

  1. People often look at the first few questions on a questionnaire before deciding whether or not to complete it.  To encourage people to complete your questionnaire, make the first couple of questions the most engaging.
  2. Questions should be simple and understandable, and at the same time meaningful and interesting.  Any technical terms should be clearly explained.  Avoid ‘biased’ or ‘leading’ questions and be careful not to lead the respondent into giving the answer you would like to receive.
  3. If your questionnaire is simple and concise people will be more likely to complete it.

Another alternative are focus groups which enable you to explore people’s attitudes, behaviour, views and concerns on new products or marketing ideas in a closed-group environment.

A focus group consists of small groups of volunteers who meet in a conference room together with a trained moderator.  It is the moderator’s job to lead the discussion, ask questions, listen to the responses and provide results and feedback to their client.  One disadvantage is that the focus group is small and may not be representative of public opinion in general – so watch out for this.

Of course, if you don’t have a lot of money to spend on research then focus groups may not be for you. Focus groups are usually run by professional marketing companies for a fee and can be quite pricey.

It’s always best to get a few quotes first before you take the plunge as market research companies fees vary. The price will depend on the type of research they are going to be carrying out for you and how involved it might be.

Research Results

The results of your market research, whichever method you use, should give you a good indication of the following:

  • The demand for your product or service
  • Customer buying behaviour and attitudes
  • Customer awareness of a product or service

This knowledge will help you determine how best to promote your product or service and ensure you are well on your way to achieving a successful and profitable business.

Do You Need Advice For Starting a Business?

Batterham & Associates offer professional business advice, and can help you set-up and finance your new venture. Your first consultation is FREE. Book an appointment today.

Advice For Starting A Business You’ll Want To Read: 4 Key Steps To Get You Moving

Posted by Sarah Gasson at Thursday, March 10, 2016

Did you know more than 60 percent of small businesses in Australia cease operation within the first three years? 

While statistics like this can discourage even the most determined entrepreneur, seeking professional advice and having a solid business plan will make sure you are on the right path to success.

To ensure you don’t become another statistical failure here is my advice for starting a new business – in just four easy steps.

1.Research Your Market

Researching your market is essential. If you don’t do the research how will you know if your idea is going to work?

There are a number of important questions you need to think about when conducting your research. This will help you work out if your idea is feasible.

The four key questions you should be thinking about are:

  • Who are your customers?
  • Who are your competitors?
  • Is there a need for your product or service?
  • What can I offer my customers that others don’t?

The last question is particularly important because you need to find your niche.

There is no point offering something that is already offered by others – particularly if there is already a high level of competition. You can’t compete with multiple businesses who have a long list of established loyal customers – unless you are offering a better product or service.

By defining your competitive advantage you will have your unique selling point. Your hook for attracting business.

2. Make a Plan

Once you’ve researched your market it’s time to write you business plan.

If you are going to need finance then it’s likely you will need to present a business plan to your financial institution. It will also help you understand if your business will be successful and make a profit.

There are many online references that you can use to help you structure a business plan.

The Australian Government provide advice on how to write a business plan, including a handy template outlining everything you need to include.

A business plan will help you get a solid understanding of how your business will operate, how you are going to market it and what your initial capital expenditure and monthly operational costs are going to be.

It should also include financial projections so that your financial institution can see if the loan you are requesting can realistically be paid back.

3. Seek Reliable Advice

Advice from your accountant, financial planner and solicitor will prove highly valuable at the outset.

Although the cost of good advice may be a concern there would be a significant cost if your business failed because you didn’t seek expert advice early on.

Make a list of questions you need to ask before you make the appointment. This will make sure you cover everything you need to know and nothing important is missed.

Talk to other business owners too about their secrets to success.

Aim to take away as much information as possible from your meetings before you embark on your business.

Your accountant will be able to talk you through your tax obligations and the costs associated with remaining tax compliant. They can also help you understand if your business plan will work – based on the costs you have outlined.

4. Ensure You Have Adequate Finance

Take the time to count the cost. Financial planning and budgeting are essential for any business.

Remember, in the early months of operation you will need sufficient cash to carry you through until your business begins to generate a profit.

Many accountants also offer financial advice. If yours doesn’t, find a financial advisor who can help you find a suitable loan. They will have their eyes across a number of financial institutions and will be able to find the best loan to suit your needs.

Dedication and Commitment Go A Long Way

As well as solid business advice and a sturdy business plan dedication and a positive can-do attitude are essential.

Starting your business will involve long hours and many personal sacrifices. If you are passionate about your business then you should be prepared to do whatever it takes. Even if that means less time with friends and family to begin with.

It also helps to have solid business management skills. So take a course if you need to. This doesn’t necessarily mean spending thousands of dollars on going back to school. Online tutorial sites such as Lynda.com have a whole host of courses for small businesses.

Setting up your own business is an exciting but scary prospect. But it needn’t be scary as long as you have sought the right advice and planned correctly.

Do You Need Advice For Starting a Business?

Batterham & Associates can help you set-up and finance your new venture. Your first consultation is FREE. Give us a call today to book an appointment.

Beautiful Accounting Software BAS Done in 15 minutes!

Posted by Sarah Gasson at Tuesday, June 3, 2014

I have just completed a monthly BAS for a commercial property development using Xero.

The banks insisted on having 5 different bank accounts;

one operating account

one loan account

one loan transfer account

one GST clearing account

and one sinking fund account. what a nightmare!

Not with Xero and the simple transfer between bank accounts, all done in 15 minutes, including lodgement with the tax office through Xero practice manager.

Take that mind your own business! They would have no chance of doing all that simply and beautifully!

If you would like to know more about Xero contact us here.

Everyone is talking about SMSF’s these days. Recent changes to the laws for operating SMSF’s have in our opinion made them an option that every one of our client’s needs to consider.

Very simply, a SMSF is a super fund that you fully control. You make all the investment choices – including shares, managed funds, property, and cash. SMSF’s can now borrow from a bank to purchase investment properties. Strategy

Choosing the right STRATEGY for your SMSF is the key.

Here’s a brilliant strategy called the Retirement Home Strategy:

An investor finds a property they’d like to live in during their retirement. They use money in their SMSF as a deposit and borrow into a special super fund borrowing arrangement with the bank to complete the transaction.

Warning: A member (or a relative of a member) of a SMSF by law cannot live in a property owned by a SMSF.

However, while the property is owned by the SMSF it’s rented to UNRELATED INDIVIDUALS for a market-based rent.

Upon retirement the SMSF members start a pension and sell their current family home. They then use the proceeds from the sale of their home to buy the property from their SMSF at market rates.

The sale of the SMSF-held property is capital gains tax free because the SMSF is in pension phase. When the transaction is complete the super fund has liquid assets to pay their retirement income.

Estate Planning

Another key reason for using a SMSF is that it gives you very exact estate planning options. For example, you can nominate a specific dependent (spouse or child under 18) to receive your super benefit if you die. Unlike a Will, this cannot be contested.

Would you like NO TAX on your Investments?

Once you turn 60, you can start to pay yourself a pension from your SMSF, and there is NO tax on income from the SMSF and NO tax on any capital gains.

This means you can gradually sell down assets (including property) held in your SMSF and pay NO TAX regardless of any capital gain you make.

We believe this is an absolutely brilliant outcome – and it’s possibly far better than owning an investment property in your individual name or in a Family Trust.

Please contact our office TODAY and make a time to discuss your family’s financial situation with one of our highly qualified Financial Planners.

Your appointment with us may mean you have hundreds of thousands more in assets when you retire. What a difference that would make!

Tax Planning Strategy #2:
Big tax refunds for prepaid interest for a capital protected share portfolio (with NO cash required by 30 June)

Apart from the usual general tax planning strategies (eg. incur business expenses prior to 30 June to claim a tax deduction this financial year), there are only 2 main ways to reduce your tax:

1. Increase superannuation contributions; and

2. Prepay interest on borrowings for investments before 30 June.

With the solid performance of equity markets over the past 9 months, we have seen a significant amount of interest by investors looking to leverage back into the share market with the benefit of capital protection and tax efficiency.

This coupled with a reduction in volatility of shares and reduced borrowing costs have made share investments as attractive as ever.

Use Tax Money to pay for your Share Portfolio!

Here’s how this strategy works:

You borrow an amount (say $50,000) from the bank to purchase $50,000 of blue chip shares before 30 June. Some banks will lend you a further amount for you to use to immediately pay back to them to prepay interest on the original $50,000 loan for the next 12 months.

Assuming an interest rate of 8.5% and that your individual tax rate is 46.5%, using this strategy would result in a new tax deduction for you of $3,475. This would result in an additional TAX REFUND to you of $1,615.

You receive all dividends from the shares throughout the year.

You cannot lose your Capital!

If you use a borrowing product such as the Macquarie Geared Equities Investment, your shares are 100% protected. This means that if the share market goes down, you don’t lose any capital. And your shares go up in value, you keep all of the upside.

This is ideal for investors who want to have share investments but who don’t want to have any chance of losing their capital.

Here is a brief summary of the features of the Macquarie Geared Equity Investment (note that other protected share investments have similar features):

  • 100% leveraged and capital protected via a Limited Recourse Loan
  • Interest cost deductible up to benchmark RBA limit (currently 6.95% p.a.)
  • Menu of around 80 ASX listed securities, ETF’s, LIC’s or pre-selected portfolios put together by Macquarie Research
  • Full dividend and franking entitlements
  • Terms ranging from 1 to 5 years
  • Each security protected in its own right so no netting off winners and losers. Winners are kept and losers are handed back.
  • Minimum investment $50,000 equities

Interest rates are dependent on the stocks chosen, the term of the investment, and the interest type (fixed or variable).

Your Action Plan

If you are looking for some tax relief by leveraging back into the share market, but want the added security of 100% capital protection, contact us TODAY and one of our highly qualified Financial Planners will discuss your financial circumstances with you and provide you with a Statement of Advice tailored to your circumstances.

In summary, instead of paying some tax, you can use this money to prepay interest on a loan for shares with full 100% capital protection for the shares.

It’s a great option to consider – contact us TODAY to implement this strategy before 30 June and save tax!