Save 50% More Tax With No Extra Effort

Hello there. My name is Rick Leighton from Ethical IQ.

In this session, let’s talk about a way to save 50% more on your taxes without lifting a finger.

If you’re earning wages, you probably know that the highest personal tax rate in Australia — including the Medicare levy — is 47%.

Every time you get paid, a portion of your salary is automatically withheld and sent to the ATO to ensure you don’t face a large tax bill at the end of the year.

But it can often feel like nearly half of your hard-earned income disappears each payday.

And here’s the kicker — the ATO gets to hold and use that money throughout the year, and when you eventually receive your tax refund, they don’t pay you any interest on it.

But there’s a better way.

Game-Changing Tax Strategy Number 4 allows you to access tax savings earlier and even generate an additional 50% bonus on those savings, all without requiring extra effort.

Imagine being able to save tax at a higher rate than the tax you actually pay, while at the same time boosting your future tax-free income.

It’s a bit like hitting a double jackpot.

This strategy uses the power of compounding to amplify your tax savings over time.

Even better, you can access these tax savings before you’ve even spent the money, which improves your cash flow throughout the year.

Let’s look at a simple example.

Suppose you earn $160,000 per year and decide to contribute an additional $20,000 into your superannuation.

By applying for an ATO tax variation, you could receive a $300 tax saving in your pocket in the very first fortnight.

If you then contribute that $300 into your super, you effectively generate a tax saving on your tax saving.

Do the same thing in the next fortnight, and you receive a tax saving on the tax saving on the tax saving.

Repeat that again, and you create a tax saving on the tax saving on the tax saving on the tax saving.

You can think of it like a hall of mirrors, reflecting and multiplying your tax savings again and again.

To find out more, talk to us at Ethical IQ Advisory — Australia’s number one tax advisory firm for property investors.

You can book a complimentary strategy onboarding session by selecting Game-Changing Tax Strategy Number 4: How to Save 50% More Tax Without Any Extra Effort.