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Be savvy about tax

by Wealth Know How in DIY Investing

Benjamin Franklin was right: "In this world nothing can be said to be certain, except death and taxes.” That’s certainly true in investment, where any investment has tax implications. First of all in Australia, any income you receive from an investment may be added to your income, and taxed at your marginal tax rate, which is the rate of tax that applies to the income range into which your taxable income falls. Australia currently has four marginal tax rates, or five if you count nil as the tax rate on for low incomes below the tax threshold. So if you have interest from cash or bonds, dividends from shares, or rental income from a property, that is added to your assessable income and taxed at your marginal tax rate. 

Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

Published on 06 Mar 15

  • Benjamin Franklin was right: "In this world nothing can be said to be certain, except death and taxes.” That’s certainly true in investment, where any investment has tax implications. First of all in Australia, any income you receive from an investment may be added to your income, and taxed at your marginal tax rate, which is the rate of tax that applies to the income range into which your taxable income falls. Australia currently has four marginal tax rates, or five if you count nil as the tax rate on for low incomes below the tax threshold. So if you have interest from cash or bonds, dividends from shares, or rental income from a property, that is added to your assessable income and taxed at your marginal tax rate. 

    Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

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