End of Financial Year Tips

Tuesday, 21 June 2011 23:00

With the end of the financial year approaching, now is a good time to make sure you’re doing everything you can to minimise the amount of tax you pay. To help you do this, here are some tips which you may find useful...

• given the recent market downturn, if you have had to sell any investments, capital losses realised as a result can be offset against any capital gains made throughout the year
• you can prepay interest on an investment loan and claim a tax deduction, and
• Super Co-contributions — if you earn less than $61,920 pa you should consider the Government’s super co-contribution scheme.

For more information on how to minimise your tax obligations, contact us to arrange a complimentary, obligation-free consultation with a Bridges financial planner.

_{Bridges Financial Services Pty Limited (Bridges). ASX Participant. AFSL No 240837. This is general advice only and does not take into account your objectives, financial situation and needs. Before acting on this advice, you should consult a financial planner. In referring Members to Bridges, SCU does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives.}

Ashley Jennings Chief Executive Officer SCU

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