Most people don’t understand legitimate passive income because it is complex.
But rich people know how to use the tax system to buy assets to generate passive income.
Here are a few advantages they get – that many wrongly think is unfair.
Let me show you how to do that too – quickly & legally.
# 1 – Two Critical phases that allow for easier tax planning
You see, there are two critical phases to amassing your passive income:
– before you’ve been put out to pasture at the ripe old age of 60
– after you’ve crossed that milestone.
Each phase demands its own cunning strategies and an assortment of asset-holding structures. Timing, as they say (And as you too know now), is everything.
For example, you can use your super to fund your passive income goals after the age of 60.
The complexity does not stop at that as there are structures that can help you maximize your passive income.
# 2 – Cheaper Family trusts that saves you hundreds of thousands potentially
Family trusts allow you to distribute your income to others on lower tax bracket. So, overall, when combined, you are paying hundreds of thousands less in taxes over your working life. But they are fiddly things, so people give up – instead of just letting their accountant manage for a small fee.
The additional income is in the hundreds of thousands. Why not spend a few thousand dollars to get all that? It’s a no brainer.
You see, in tax, complexity actually makes people money.
# 3 – SMSF and paying ZERO capital gains taxes
Here’s another one. Did you know if you set up your SMSF and time your investments properly, you don’t pay Capital gains tax. The latter is 50%. When your properties are worth millions, 50% is a lot. Imagine not having to pay that. And yet, SMSF are notoriously difficult to set up.
So many avoid it – ignoring the fact professionals can help them for a couple of thousand dollars. When the saving is 50% and the assets are in the millions, what’s $2k? But people don’t get told by their accountant.
# 4 – Companies & Reducing your taxes to 25% only
Another thing people don’t know – or don’t know how to use it? Companies. Did you know they only pay 25% in taxes in most cases? If you are earning over 180k, you are on 45% (plus 2% medicare).
That means the company pays half as much tax as you do!
Like with everything else we mentioned, these are very complex entities & you should not start one without talking to us first.
However, our clients use these vehicles very well, under our advice. Because we do all the heavy lifting for them. Our clients don’t have to worry about any of these complexities.
# 5 – Investing in assets with stable value & encouraged by actual government policies
Unlike crypto and other speculative investments, the models we present are based on structures that are sometimes centuries old. In fact, that may be why other accountants don’t use them as much. Maybe they have just forgotten or just too lazy to combine them? In a manner that suit your individual taste and financial situation.
But we are not lazy and we have definitely not forgotten.
Call us on 1 800 672 670 & let us show you how you adapt the best tax structures and government incentives to your property situation