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Essentials for completing your tax return

NetBank makes tax time easier. Here are five ways to get organised to prepare for your tax return and manage your money using NetBank:

See our Blog to learn more

Start the new financial year in good shape

By understanding more about tax-effectiveness, you can take advantage of legitimate concessions and avoid the pitfalls created by our complex tax system. 

A little extra effort now could make a big difference when tax time rolls around again next year. From keeping your tax documents organised, to thinking about your next investment move or how to get more out of your super, here are some strategies to consider.

 

Tax-effective strategies

Tips for property investors

The new financial year is a good time to think about how you could use your property investments to help reach your financial goals over the coming year. To help you plan your next move: 

Get the most out of super

From super splitting to government contributions and salary sacrificing, there are a few ways you can maximise your super and reduce your taxable income.

To learn more, see MyWealth's 60 second guide to EOFY super strategies.

Understanding tax on shares

Profits or returns you make on your investments usually become part of your income for tax purposes.

Understand how tax works in relation to your investments and how dividends are taxed, to help ensure you don't pay more tax than you need to. 



If you're thinking about investing in shares for the first time, see MyWealth's share investing for absolute beginners guide


Avoid healthcare pitfalls

Learn about lifetime health cover loading, the Medicare levy surcharge and the private health insurance rebate with MyWealth's 60-second guide to turning 31 and private health insurance.

Important information

This page is intended to provide general information only and does not take into account your individual objectives, financial situation or needs. Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.

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