The Wealth Guide Podcast

The 8 Biggest Tax Deduction Strategies Everyone Should Use In Their Life | The Wealth Guide Podcast Ep. 03


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In this episode of The Wealth Guide Podcast, the Ryker Capital team shares their top eight tips on how you can pay less tax, maximise your savings, and prepare for a financially secure retirement.

They talk about how salary sacrifice can effectively reduce your taxable income while boosting your retirement savings, how the principles that may work against you in a home loan can benefit you in investment scenarios, and how to handle a capital gains tax bill smartly by utilising catch-up contributions.

They also share an innovative strategy to claim a tax deduction on your life and TPD insurance through your super fund, a significant update for the 2023 tax year and how it might affect you if you work from home and the power of managed funds in diversifying your income sources and yielding tax benefits.

If you're looking to optimise your financial game plan across taxes, investments, insurance and retirement, make sure to listen to this episode!

 

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SHOW NOTES LINKS

 

https://rykercapital.com.au/
https://au.linkedin.com/company/ryker-capital
https://www.instagram.com/rykercapital/
https://www.tiktok.com/ryker
https://www.facebook.com/profile.php?id=100054854616452   
https://www.linkedin.com/in/ray-regmi-3a267539/
https://www.linkedin.com/in/rajiv-ricky-regmi-cpa-943694213/
https://www.linkedin.com/in/dean-desoukey-a6651093/ 


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LISTEN TO THE PODCAST

Spotify: https://spoti.fi/3qJL8w4
Apple Podcast:
https://apple.co/3QPF3ch
Amazon Music:
https://amzn.to/3YMZjgD
Google Podcast:
https://bit.ly/3swIVEF

 

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FIND US HERE

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https://bit.ly/46kZvGp
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https://bit.ly/3PSbK7U
YouTube:
https://bit.ly/3rsKxPG 

 

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TIME STAMPS:

00:00 - Intro
01:30 - Tip #1: The Concept of Salary Sacrifice
09:45 - Tip #2: Catch-up Contribution Strategy
12:52 - Tip #3: The Concept of Insurance
20:15 - Tip #4: Depreciation Schedule
24:52 - Tip #5: Working from Home
32:03 - Tip #6: Private Health Insurance
36:13 - Tip #7: Investments
42:33 - Tip #8: Franking Credits
45:24 - Outro

 

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DISCLAIMER

The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation. 

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The Wealth Guide PodcastBy Ray Regmi