The Government’s been hitting us with extremely high taxes on our assets for years. “Pay more tax”. “Give us more”. Making you work harder for less money.
By now, you must be sick of it …
If you’re anything like most people I speak to, you just want to keep the money you make. You don’t want the greedy government gobbling up more of your hard earned cash in their bottomless coffers.
It’s not like they use it well anyway! Right?
It reminds me of what Kerry Packer said at the Print Media Enquiry in 1991. He basically said if you’re not minimising your tax 100% legally, you’re “an idiot” (excuse the French). In other words, he was saying use what is legally available (and I stress legally) to minimise your tax.
Today, I’m going to share with you a tip on how the wealthy and the “in-the-know” business owners keep more of their hard earned cash … and how you can too.
It is so simple, yet still one of the most effective ways to legally slash your tax.
The tip is this.
Use companies, trusts and SMSFs to give you a double effect. Not only does it minimise your tax, but it helps you protect your assets and wealth as well.
On top of that, it’s important to know what structures to use for what situation, and how to use them in the right way for maximum benefit.
Let me give you some examples …
Example One
If you have a company or trust, you can slash your tax from 48.5% down to 30%, or even to 15% using superannuation.
Example Two
If you invest money over the long term, you can double or even triple your wealth, simply by using a structure to minimise your tax. So for example, if you invest $100,000 at 20% per annum over 20 years, you will make $841,920 at the top rate of tax. Yet the same amount invested will make you $1,618,027 if you use a company structure (as your tax reduces to 30%)!
Want to find out more?
You can read more about using companies and trusts on our website – click here.
To find out more about how the team at Wealth Safe can help you slash your tax legally (while protecting your assets at the same time), simply click on this link to complete the application form. One of our staff will be in contact with you in 24 hours.
