Don’t wait until it’s too late for tax planning.
When it comes to effective tax planning, timing is everything. Yet every year, many individuals and business owners leave their tax strategy conversations until it’s too late, often just weeks before 30 June, limiting the opportunities available to reduce their tax bill or improve their financial position.
At Sage Financial Advice we see it time and again: those who engage with a financial planner in the first half of the financial year are in the best position to minimise tax, maximise wealth-building strategies, and avoid financial stress come year-end.
Why Early Tax Planning Matters
Tax planning is not just about saving on your tax bill, it’s about strategically managing your income, investments, and expenses to support your long-term financial goals. The earlier you start, the more strategies are available to you. For example, starting in July or August opens up options such as:
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Contributing to superannuation in a tax-effective way
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Structuring income from business or investments to reduce your tax liability
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Setting up tax-effective investment structures
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Timing the sale of assets to manage capital gains
Many of these strategies rely on timing. Once the financial year is over, or even once it’s well underway, your flexibility is limited.
The Cost of Waiting Too Long
Leaving tax planning until the final quarter (or worse, final month) of the financial year can lead to:
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Missed deductions
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Rushed or poor financial decisions
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Inability to implement key wealth strategies
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Higher tax bills than necessary
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Lost opportunities for investment growth or superannuation contributions
By that stage, your financial planner’s ability to help is reduced, not because we don’t want to help, but because the clock has simply run out.
We Help You Do More Than Save Tax
As financial planners, our role goes far beyond minimising tax. We can help you:
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Create long-term wealth through strategic investing
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Protect your assets and income with smart structuring, like income protection to safeguard your lifestyle if you’re unable to work.
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Plan for retirement in a tax-effective way
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Make better decisions around cash flow and debt
But we can only design and implement these strategies if you come to see us early enough.
Make This Financial Year Count
Now is the ideal time to sit down with a financial planner and map out your strategy for the year ahead.
Book your financial planning appointment with us today. Book A Consultation – Sage Financial Advice
