I'm in a situation where my annual leaves (more than 3 months) paid out just before the end of financial year. There is also 6 months termination pay but I believe it is taxed at lower rate. That means I would get 21 months worth of pay coming in this financial year but less than 1 year worth of pay in next financial year.
All our loans are 50:50 between my wife & myself.
Is it possible to pre-pay my portion (50%) of IP interests to maximise my tax return?
All our loans are 50:50 between my wife & myself.
Is it possible to pre-pay my portion (50%) of IP interests to maximise my tax return?