Australia is one of the highest taxed countries on the planet. However, the Australian Government through the ATO does give us the opportunity to use our tax dollars under certain conditions to assist us to invest and help us on our way to becoming self funded retirees.
Broadly speaking if you borrow funds for investment purposes you can use part of your tax dollars to help make investing affordable and of course assist you to create financial independence.
There are numerous ways of investing, managed funds, the share market, superannuation ect, and of course, residential property.
For ease of budgeting, most of Premium Finance Services clients favor the tax saving be passed onto them each time they are paid. This is done using a tax variation form. Alternatively, they can claim at the end of the financial year.
Most people are unaware of how to use legitimate tax concessions to create wealth. The problem is that no government gives us a step by step instruction manual that outlines how to do it. We are not taught how to do it at school either. This is where Premium Finance Services can assist you. We can give you the knowledge you need, and the support and guidance required, to enable you to use the Australian Taxation System to your advantage.
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Tax Reduction Calculator
Take advantage of the Federal Government's Tax Incentive and Pay Less Tax Find out in our Tax calculator
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Retirement Calculator
Did you know that just 5% of the Australian population retire with sufficient funds to continue the lifestyle they have become accustomed to during their first 60 or so years on this planet?
