Aussie FIRE | Financial Independence Retire Early 44. Tax strategies we actually use (and would consider)
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Aug 1, 2025 Dive into the world of tax strategies that can boost your financial growth without dodging your obligations. Explore practical approaches like debt recycling and negative gearing to redirect funds smartly. Discover how understanding tax implications can influence your investment choices and even your charitable donations. Maximize superannuation contributions with proactive strategies, and learn how to navigate tax complexities as you approach retirement. Lastly, the importance of seeking professional guidance is underscored, empowering listeners to make informed decisions.
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Debt Recycling Tax Strategy
- Use debt recycling by investing borrowed money and claiming the interest as a tax deduction to reduce tax on investment income.
- Balance between income generating and growth assets to optimize tax benefits and long-term investment performance.
Don’t Prioritize Tax Over Wealth
- Tax deductions often come from real financial losses or spends, not pure savings.
- Avoid reverse engineering investment choices only to save tax; consider overall financial impact.
Balancing Investment Income and Tax
- Investing in low dividend growth ETFs can create tax losses but may forego immediate income.
- Use tax understanding to influence investment choice but not dictate it fully.