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MinimiseTax

Minimising tax is key to wealth creation and retirement planning. The less tax we pay, the longer your funds will last & the more money ultimately for your beneficiaries too.

“We must pay tax, but there is no need for a tip.”
Roger Perrett - Partner

Our Client Results

Peace of Mind

Louise contributed further to her retirement despite inheriting a large superannuation benefit.

Gain Confidence

Tom and Joan made a $300,000 tax-free investment using proceeds from selling their home.

Create Wealth to Enjoy

Paul received a tax refund of $70,000 and boosted his retirement savings by $140,000.

The Challenge

The challenge is that tax rules are ever changing & can be complex. Our advisors can make simplify tax for you & they can potentially save you thousands. Please find some scenarios & see if your situation is on the list.
  • Aged 50+ and investing,
  • Aged 60+ and changing jobs,
  • Aged 65+,
  • Before aged 75,
  • Selling your home, property or business,
  • Your super balance is under $500K,
  • There is an age gap with your partner,
  • 4 R’s: Resigning, Retiring, Reducing hours or being Retrenched,
  • Potential ‘death tax’ is significant,
  • Contributing to superannuation,
  • You know someone who doesn’t have long to live,
  • Capitals gains tax to pay,
  • Claim up to a $137,500 tax deduction,
  • Paying too much tax,
  • Wanting to invest tax free (0%),
  • Received a Division 293 tax notice,
  • I’m having to pay tax regularly for my SMSF.
  • I have a Family trust.

And More

Descending tax rate model

Please find a simple list of a few taxes to minimise in descending order. Our advisors can explain the relevant taxes, as well as the recommended strategies to minimise these taxes for you.

The tax rate for children’s investment income is very high to discourage moving assets into children’s names. 

In Australia, the more you earn, the higher the percentage of tax, capping at a large 45%.

There is a tax free (0%) threshold if income is under $18,200 & this can be overlooked in retirement planning.

The tax for adult children recipients (non-financial dependent superannuation beneficiaries) can be between 15-32%.
Company tax is at a flat 30% and there is no discount for capital gains tax.
Capital gains tax is paid when you sell an asset for more than you paid for it. There is a discount if you have held the asset for greater than 12 months and if you own the asset jointly. There is no capital gains tax when selling your home.

*Maximum rate of CGT and actual tax rate may be lower

Superannuation has a tax rate of 15% on:

  • Investment income
  • Contributions – from an employer, salary sacrifice or where a tax deduction is claimed.

In both scenarios, 15% is often a lower tax rate than investing personally where the tax rate could be up to 45%.

Div 293 tax is an additional tax on superannuation contributions if your income exceeds $250,000.

The Medicare levy is 2% of your taxable income and you may receive a reduction or exemption, depending on your circumstances.

It is a great opportunity to access a legal tax rate of 0% on investment income and withdrawals.

Our 5 Principles for Minimising Tax

The good news is that our advisors can create a strategy to achieve your goals, as well as minimise some of these tax’s.

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1.  Strategy first, tax second

The strategies we recommend often have secondary benefit of reducing tax. 

2.  Move to lower tax rates

Generally we need to shift from paying 45%, to 0% in retirement. The legislation means this can take time, so we should start early.

3.  Consider everything

Often a tax saving can have other restrictions that should be considered. It is often best to be wary of implementing a strategy just for a tax benefit.

4.  Play by the rules

Our strategies consider tax & in many cases save you considerably money. However, we will never suggest breaking the rules. 

5.  Obtain advice

Where specific tax advice is required; we can recommend tax advisors or accountants.

Peace of Mind

Have peace of mind with complexity removed.

Gain Confidence

Gain confidence with personalised strategies.

Enjoy Life

Create wealth to enjoy.

For A Great Retirement Lifestyle

We believe

We believe that we should complete forms (where possible) as our customer’s time is valuable.

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Download Our descending tax Methodology

Learn effective strategies to minimise tax and maximise your wealth for a more prosperous retirement.

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What Our Clients Say

Merran, 46 - 55 years, Spencer, NSW

Dean is a really honest and knowledgeable person who always explains all of my options thoroughly and clearly. He is always very approachable, interested in understanding and meeting my needs. I’m very…
grateful and privileged to have Dean as my adviser.

Margaret, Alexandria, NSW, 55+

I have found Roger to be an outstanding financial adviser for my needs. He is extremely knowledgeable, efficient and possesses a calm and approachable personality. Always contactable, open , patient…
and proactive in providing excellent advice when required. He follows up with regular reviews and any query (small or other) is always welcomed by him. Roger has no agenda other than to ensure his clients are comfortable with the strategy and if not he has no issue in working to ensure my risk appetite aligns. He is trustworthy and oozes integrity which is rare in the industry and I would so highly recommend him to anyone.

Joe, 56 - 65 years, Castle Hill, NSW

We have been a client of Deans for some years now. During this time, Dean has always provided honest and reliable advice in relation to our superannuation and future investments. Dean is both knowledgeable…
and understanding with his advise and always tailors his advice to the client. He is always available to clarify any queries we have in relation to his advise. We highly recommend Dean as an adviser.

Phil, 56 - 65 years, Narraweena, NSW

Roger has been advising me on my superannuation and retirement income strategies for over 7 years. He takes the time to get to know his clients and their specific needs and provides excellent service and advice

Lisa, 56 - 65 years, Rose Bay, NSW

My husband and I have been clients of Deans for over 20 years and trust his expert opinion explicitly. He is always upfront and honest with us and puts himself in our position to best advise the most suitable..
investments and financial choices. I can’t recommend Dean highly enough, not only is his knowledge extensive and up to date, he’s also a really nice person!

Vanessa, 56 - 65 years, Balgowlah Heights, NSW

Roger has helped us enormously. He restructured our insurances and helped navigate our investments for retirement. I am not financially savvy and he explains things in a way that I understand…
he has incredible communication skills – especially for me as a visual thinker. He is also very proactive and responsive. Highly recommend

Patricia, 65+ years, Hornsby, NSW

Dean has been my financial adviser for 18 years or more. I cannot speak more highly about his courtesy, integrity, his kindness and honesty and clear communication to me. He assisted me when I left work in…
applying for the age pension and now looks after my pension from my superannuation fund. I can call him at any time, and he immediately returns my calls with the explanation of whatever I am enquiring about. I am very happy with the way he has distributed my superannuation into the current portfolio I have. I would wholeheartedly recommend him to any person who was looking for advice on how to manage their financial portfolio.

Vivienne, 65+ years, Leura, NSW

Roger has been my trusted financial adviser since 2018. Roger is very approachable, patient, and really explains in plain English issues I need fuller understanding of. When it comes…
to my interests, whether that be in the area of taxation, or retirement concerns, Roger gives me piece of mind. I would highly recommend him to anyone seeking a financial adviser.

Mark, 56 - 65 years, Balmain, NSW

My wife and I have been clients of Dean’s for many years now. During this time we have found Dean to be very knowledgeable, professional and a good communicator. He provides clear sound advice in all matters…
relating to our financial security all with first class service. Highly recommended.

Jo, 46 - 55 years, Freshwater, NSW

Roger has been our adviser for approximately 5 years and he has been invaluable in providing advice around our investments to ensure we have retained the right mix of cash flow and capital growth…
He has also guided us through upgrading our home and restructuring our debt and investments, as well as providing clear and easy to understand information about our super and how we will need to plan for retirement. I would thoroughly recommend Roger to anyone seeking financial advice.

Kathleen, 56 - 65 years, Bundanoon, NSW

I would highly recommend Dean Fuchs. I have found him to be very personable and knowledgeable. His experience is broad and extensive having worked in the industry for many years. His ability to communicate…
complex information in a way that makes it easier to understand is a strength. He acts with honesty and integrity at all times. And I always feel with Dean that he truly has my best interests at the forefront of his mind.

Paul, 56 - 65 years, Balgowlah Heights, NSW

Roger has helped us with our financial planning for many years. He always communicates the issues very clearly; he is very patient and goes out of his way to ensure that everything is well understood.

Graydon, 65+ years, Narrabeen, NSW

My involvement with Roger in the Finance Industry goes back over 20 years where I have always found him to operate with integrity and a willingness to fully understand…
a client’s requirements and strategy. He listens and does not force an unwanted strategy or unsuitable investment but is willing to offer alternative opportunities to support a client’s goals.”

Terry, 56 - 65 years, Balmain, NSW

Roger was recommended to us by a friend with 15+ years experience of dealing with him. We have used him to help simplify our retirement needs for the past few years…
In this time, we have found him to be personable, honest and knowledgeable – all the requirements needed in a financial adviser. We can highly recommend.

Carmen, Beverly Hills, NSW, 45+

Roger is professional, patient and genuinely listens and cares for my financial planning needs. He is approachable and delivers clear and easy to understand strategies and recommendations…
I am very grateful of Roger’s expertise and advice, and have full confidence that my investments are in very capable hands.

Bruce, Crows Nest NSW, 65+

Roger has been my adviser for over 5 years. His style is to understand my situation and my aims/desires; then he creates strategies accordingly. Along the way he clearly explains complex issues in a simple way…
In addition he frequently makes very worthwhile suggestions. He responds very quickly and has a wealth of knowledge making him ideal to contact for any financial issues. It’s a pleasure to recommend him.

Let's Get Started

Claim the opportunity to meet our expert Financial Advisors, at no cost to you. Gain clarity on goals, get an action plan, and see how we can support your financial dreams.

Ready to get started? Fill out this form to contact our friendly team.

0404 876 446

virginia@freshwaterwealth.com.au

Level 11, 10 Carrington Street
Sydney NSW 2000 

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Licensee: Alliance Wealth Pty Ltd | AFSL No. 449221 | ABN 93 161 647 007 | www.centrepointalliance.com.au/fsg/aw |

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