Mo Money #460 Tax Hacks You Can Use All Year Round
Jul 24, 2025
Dive into essential tax hacks that can boost your savings all year round! Discover staggering unclaimed tax deductions that could add up to billions. Learn about the power of franking credits and their impact on shareholders, retirees, and super funds. Uncover strategic ownership and salary packaging methods to optimize your tax situation. Plus, explore how smart financial decisions can enhance your investment strategies and ultimately improve your financial well-being while keeping more of your hard-earned income!
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Billion-Dollar Unclaimed Tax Deductions
- Over $4.8 billion in tax deductions go unclaimed yearly, costing taxpayers dearly.
- Many miss this due to poor receipt keeping and lack of awareness about deductible expenses.
Use Proper Investment Structures Early
- Start the new financial year by investing through tax-efficient structures like trusts or bonds.
- This avoids costlier moves later and maximizes tax savings as your investments and income grow.
Top Tax Strategies to Use
- Use these top tax strategies: negative gearing, debt recycling, and franking credit investing.
- Consider salary sacrificing super contributions monthly instead of lump sums for effective tax management.
