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Tips for cutting your tax bill

Posted on Mar 13, 2015 by editor

1. Put more into your mortgage offset account: Mortgage offset accounts are usually considered to be a mechanism for protecting yourself from interest rate rises. However, another advantage is that if you direct more money here and less to your savings account, you will save on tax earned on interest. With interest rates at record lows, this strategy may be particularly beneficial to some individuals.

2. Don’t forget about non-concessional super contributions: There is a lot of hype surrounding the massive tax benefits of concessional (before tax) superannuation contributions, but don’t forget about your non-concessional (after tax) options! By making after-tax contributions, you will save tax on the returns earned by your investments.

3. Discretionary family trusts: Family trusts allow you to direct the income earned towards lower income earners, thereby reducing the amount of tax you pay. If you are interested in starting a family trust, feel free to call our office to discuss your situation.

ATP Accounting knows what it takes to run a successful business. They will position you at the cutting edge of business growth.
Take the step and get help to grow your business, minimise tax and protect your hard-earned assets.
Call us today on (02) 8850 3888, send us an email to or send us a message here.

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