Tax-Efficient Investing: How to Keep More of Your Investment Returns
When building wealth, investment returns are only part of the equation. The tax you pay on those returns can significantly impact your long-term outcomes. Understanding tax-efficient investing strategies can help you grow your wealth while keeping more of your earnings. At MLS Financial, we regularly help clients in Penrith structure their investments in ways that […]
Division 296 Tax
Understanding Division 296 tax, the $3 million Superannuation Tax Estimated reading time: 2 minutes The Australian Government has proposed a new tax measure, known as Division 296 tax, or colloquially known as the $3 million Superannuation tax. It is aimed at modifying the tax treatment of superannuation balances exceeding $3 million. Set to commence on […]
2024 Tax Planning Guide
Tax planning guide for 2024. Considerations to reduce your tax and optimise your finances