Tax effective year end financial transactions

Better late than never, they say!!                    

Whilst most of the items that we are usually advised to attend to during the last weeks of each financial year could actually be part of our annual strategy, there is still time to 'get the house in order' before the end of the year.

Whether it is wealth creation (contributing for the co-contribution); wealth protection (getting the income protection/ salary continuance insurance in place; financial prudence (prepaying interest at a discounted fixed rate); or plain old tax effectiveness (kids education expenses; business write-offs etc) - we need to attend to these matters now.

For a detailed posting of ideas on Year End Financial Planning see our website article - and let us know some of your own strategies for managing your tax obligations.