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Reducing Income tax for a high earner
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07-09-2011, 01:59 AM
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RlUbQU3R
Join Date
Oct 2005
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582
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Hey Slade,
I posted this over at Somersoft in their tax section as I knew we should get some good answers. -
Effective ways to reduce tax for a high income earner - Somersoft Property Investment Forums
Some of the most common ways to reduce tax is to spend pre tax money (salary sacrifice), or spend the money on deductible expenses .
So do you need a car for work? Maybe look into a novated lease?
what about property investment? You could always look into gearing you properties.
What are some of your goals, to have more cash in your hand at the end of the week, or start set yourself up for the future? Or both ? :P
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