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Eight ways high earners can maximise their tax returns

Michelle Bowes
Michelle BowesWealth reporter

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Changes to income tax rates from July 1, make this end of financial year more important than ever.

The stage three tax cuts will reduce the amount of tax all workers pay in the next financial year. To use this change to maximum advantage, the message this tax time is to bring deductions forward to lower assessable income this financial year and push income into the following financial year when lower tax rates will apply.

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    Original URL: https://www.afr.com/wealth/personal-finance/eight-ways-high-earners-can-maximise-their-tax-return-20240603-p5jiu6