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  1. G

    Ouch - $30K being taxed and not much deductions to off set

    Great southern offered a 100% tax deduction on their agriculture investments. They also lent you as money to purchase their investments as well. That all ended well didn't? MRO is right don't do something just because of a tax deduction (expect for contributing to super :) )
  2. G

    Ouch - $30K being taxed and not much deductions to off set

    its still yours to invest, you can do what ever you want with it, you just can't touch it for a very long time thats all.....
  3. G

    Ouch - $30K being taxed and not much deductions to off set

    Salary Sacrifice to super up to your limits ($30K <50, $35K>50). on an income of $150K. assuming you're under 50 you could do say $15,000 pa to super. This would save you about $3,650 pa in tax and instead of wasting money you'll have improved your net financial position.
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