Mo Money #446 How to save tax on your investments w. Ben Andrews
Apr 17, 2025
Ben Andrews, founder of Air Accounting and tax strategy expert, shares invaluable insights on saving taxes through smart investment strategies. He uncovers common pitfalls high-income earners face, particularly regarding property investments and the advantages of trusts and companies. Ben explains the financial implications of these structures and how proactive planning can prevent unexpected costs. Entrepreneurs will benefit from his tips on optimizing their business structures for tax efficiency and understanding the significance of clear financial management.
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Client's $30k Tax Saving Story
- A couple in their late 30s earned $380k combined and had $1.6m in assets but felt time-poor and uncertain about their money strategy.
- They sold an underperforming property, diversified investments, started accounts for their kids, and did super contribution splitting, saving $30,000 in tax in 12 months.
Structure Investments to Reduce Tax
- Avoid owning investments solely in your personal name if you are a high-income earner paying the top tax bracket.
- Consider different ownership structures like trusts or companies to reduce tax burden and improve flexibility.
Smart Property Ownership Structures
- Avoid buying a property solely in the primary earner's name to reduce tax liabilities.
- Use strategies like tenants in common with varied ownership splits or discretionary trusts for more tax efficiency and flexibility.