Australia is one of the highest taxed countries in the developed world. 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 reduce your taxable income which assists in the wealth creation process. This can help make investing more affordable and assist you to create financial independence.
There are numerous ways of investing, managed funds, the share market, superannuation etc, and of course, residential property.
Most people are unaware of how to use legitimate tax concessions to create wealth. 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, support and guidance required, to enable you to achieve your desired investment goals and objectives.