Tax Minimisation Strategies
Structuring income, deductions, and contributions for high-income professionals and business owners.
General Advice Warning: Any advice on this site is general in nature only and has not been tailored to your situation and needs. Please seek personal advice prior to acting on this information. Before acting on this content, consider its appropriateness to your objectives, financial situation and needs.
Tax minimisation is not about aggressive schemes or artificial arrangements. It is about structuring your financial affairs so that you pay the correct amount of tax — no more than the law requires — by using the concessions, deductions, and structures that Parliament has deliberately made available.
Build MyWealth works with high-income professionals and business owners to identify and implement tax-effective strategies across contributions, investments, insurance, and entity structures — always in coordination with your accountant.
Key Tax Strategies We Implement
- Concessional contributions — Maximising salary sacrifice and personal deductible contributions within the $30,000 cap, including carry-forward unused amounts
- Non-concessional contributions — Strategic use of the $120,000 annual cap and the bring-forward rule for wealth building inside super
- Salary packaging — Structuring remuneration to reduce taxable income through FBT-exempt items and employer super contributions
- Investment tax efficiency — Asset location, franking credits, capital gains management, and tax-loss harvesting
- Insurance premium structuring — Holding insurance inside super where premiums are paid from concessionally taxed contributions
- Entity structuring — Using trusts, companies, and SMSFs to distribute income and manage tax across multiple entities
Division 296 and Tax Planning
For SMSF members with balances approaching or exceeding $3 million, Division 296 introduces an additional layer of tax planning complexity. The proposed tax applies to unrealised gains, which fundamentally changes the calculus of contribution strategy, asset allocation, and withdrawal planning. Tax minimisation strategies must now account for both the existing 15 per cent contributions tax and the potential 15 per cent Division 296 tax on earnings above the threshold.
Related Strategy Pages
- SMSF Strategy — Self-managed super fund strategies including Division 296 planning
- Division 296 Tax Strategy — Modelling and mitigation for the proposed tax on unrealised super gains
- Retirement Planning Strategy — Pension strategy and drawdown planning
- High-Income Professionals — Coordinated advice for professionals earning above $250,000
- Business Owners — Structuring business and personal wealth for tax efficiency
Sangram Rana is an IFA Excellence Awards finalist: Risk Adviser of the Year 2022, 2023, and 2025, SMSF Adviser of the Year 2022 and 2023, and Client Outcome of the Year 2022. Published in the Australian Financial Review, Money and Life, SmartCompany, Inside Small Business, Professional Planner, Life Insurance Guide, CommBank Brighter Magazine, and Benefolk. Corporate Authorised Representative, Lifespan Financial Planning AFSL 229892.
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Build MyWealth is a trading name of Accounting Cloud Pty Ltd. Sangram Rana is a Corporate Authorised Representative of Lifespan Financial Planning Pty Ltd AFSL 229892. This page contains general information only and does not constitute personal financial advice. Financial Services Guide available at lifespanfp.com.au.
Rates and thresholds should be confirmed on ATO published pages at the time of implementation, as indexation and legislation changes can occur.