Mo Money #446 How to save tax on your investments w. Ben Andrews
Apr 17, 2025
Ben Andrews, founder of Air Accounting and tax strategy expert, shares invaluable insights on saving taxes through smart investment strategies. He uncovers common pitfalls high-income earners face, particularly regarding property investments and the advantages of trusts and companies. Ben explains the financial implications of these structures and how proactive planning can prevent unexpected costs. Entrepreneurs will benefit from his tips on optimizing their business structures for tax efficiency and understanding the significance of clear financial management.
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Smart Property Ownership Structures
- Avoid buying a property solely in the primary earner's name to reduce tax liabilities.
- Use strategies like tenants in common with varied ownership splits or discretionary trusts for more tax efficiency and flexibility.
Trusts Offer Tax Flexibility
- Discretionary trusts provide flexibility to distribute investment income to multiple beneficiaries to minimize tax impact.
- Combining trusts with investment companies allows capping tax at 30% and accessing CGT discounts on capital gains.
Wait to Setup Trusts
- Setting up a trust costs around $5,000 plus operating expenses of $4,000-$5,000 per year.
- Don't set up a trust until you have significant funds to invest that will justify these costs.