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RAC- Tax discussions, page-4

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    I'm no accountant and only know a little about international business taxation, but my thoughts on minimising personal income tax are:

    Concessional super contributions, $25k if under 49 years old, $35k if over. Can also contribute to a spouse and these minimise the amount of tax paid while still adding to your assets.

    Charity donations - we're all across those.

    Do professional education and training related to your field (AICD anyone?)

    Investing in early stage start-ups.

    I know you can start a trust which will minimise tax rates, but I'd imagine they're for already high net worth individuals / families.

    I'm sure there are plenty of other ways so am also keen to hear, even though my holding isn't massive, I'm hoping it will help with a first home so every bit counts.
 
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