Taxation

The main tax you'll pay is income tax which is calculated on income you receive such as salary and wages, investment income and business income. Generally, the more you earn, the more you pay.

Different types are income are taxed in various ways and an understanding of the taxation system and how it applies to your income and assets is a vital part of a holistic financial plan.

Due to the complexities of the taxation system, along with the various strategies you will need to employ to effectively plan for your future, a strategic plan incorporating advice from both your financial planner and your accountant will result in the most comprehensive outcome.

Create Financial Planning ABN 92 115 963 445, trading as IT Financial Services, is an Authorised Representative of Consultum Financial Advisers Pty Ltd, ABN 65 006 373 995, an Australian Financial Services Licensee with its registered office at Level 6, 161 Collins Street, Melbourne VIC 3000.