Tax Planning

Tax planning means managing your financial affairs such that the amount of tax you pay is minimised as much as legally possible. The idea is that you pay all the tax you have to – but no more.

Optimising your tax planning unlocks enormous potential for your financial plan. In fact, getting the tax planning right is typically more important to your financial performance than just about any other aspect – including things like choosing the right investment. A good investment can become a bad one if you find yourself with a bigger tax bill than you needed.

Australia’s taxation system is deliberately designed to encourage people to do some things and not do others. This means that when we take advantage of quality  tax planning we are actually doing exactly what the community wants us to do.

That said, it can be difficult to know exactly what the community wants you to do! Australia’s taxation rules are complex – in fact, according to the government itself, each Australian faces a potential 125 taxes that they are liable to pay.

This makes it imperative that you seek qualified, quality tax advice provided by someone who is legally allowed to provide it.

Charles Pillay

Director and Financial Planner

Charles is a Certified Financial PlannerTM – who specialises in Life Insurances and the Estate Planning issues. Charles is also a licensed Credit Advisor and provides advice on all aspects of Residential and Commercial Lending.

Charles Pillay has been working in financial planning for over 20 years – as a Bank Manager with the Abbey National in the UK, as a Private Banker with Westpac in Australia and running his own firm Catalyst Wealth Solutions since 2011.

Charles Pillay is an authorised representative (242831) of Lifespan Financial Planning Pty Ltd (AFSL 229892).

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