Australians pay one of the highest rates of personal income tax in the world. As such, the impact of tax on investment earnings can be significant and can make a big difference to a person's wealth accumulation and retirement outcomes.
For the last 30 years, superannuation has reigned supreme as the preferred investment vehicle to tax effectively accumulate wealth for retirement, offering generous tax concessions that weren't on offer elsewhere. However, years of legislative tweaks and a likely slashing of these tax concessions has financial advisers and their clients seeking alternative tax-effective solutions such as investment bonds.
Generation Life's Tax Optimised investment series, which is part of its new generation of investment bonds, is the pinnacle of tax aware investing. This truly innovative series of investment options has been developed to reduce the tax payable on returns generated, with no additional investment risk, making the realisation of wealth goals that much easier.
Find out more in the article and video.