The three best tax deductions

The most frequent query I receive from higher income earners relates to how to reduce their income tax. I’m pleased they ask, because the most common tax reduction method of the non-advised is one of the least appropriate. If you have surplus income here are the best three tax deductions I recommend you start with.

To Have and Withhold

Are you living with your partner (or contemplating it) and already have hard-earned assets that you'd prefer not to lose if you break up? Then it's worth exploring a Binding Financial Agreement (BFA), which is the Australian legal term for 'pre-nups'.