Apart from regular account savings, one of the best ways to have a healthy financial future is to know the best methods in tax savings. It is interesting to note that retirees and investors can get as much as thousands in tax savings with the proper information. Here’s a look at the best ways to get yourself a break from taxes.
Your superannuation tops the list. Only 15% of your super income is taxable. Other schemes are at a marginal tax rate of up to 46.5%. This is enticing to groups nearing retirement because you can even get to the ultimate point of not paying taxes upon retirement.
For all the other ways to save on taxes, read more about this on the Herald Sun website.