Tax planning strategies to keep more of what you earn
Reducing the tax you pay isn't about a single trick, it's about how your salary, investments, and asset sales are structured together over time. Morgans' wealth management services help build tax-effective strategies into your broader wealth management plan, working alongside your accountant rather than replacing them, so your investment decisions and your tax position are never working against each other.
Minimise tax liabilities and maximise after tax income
After tax income
After tax income
What matters isn't what you earn, it's what you keep. Maximising after-tax income means legally reducing your tax obligations through the right deductions, tax credits and tax-efficient investment choices, rather than one-off fixes at tax time. The earlier this is built into your strategy, the more it compounds over the years.
Salary packaging
Salary packaging, or salary sacrificing, lets you receive non-cash benefits in place of part of your salary, reducing your taxable income and potentially lowering the tax you pay. It's one of the more accessible tax strategies available to employees, and it's worth reviewing regularly rather than setting up once and forgetting about it, since your circumstances and the rules around it can both change.
Capital Gains Tax management
Capital Gains Tax (CGT) applies to the profit you make when you sell an asset, and how you manage it can materially affect your overall tax position. Strategic approaches include holding assets for the long term to access lower rates, applying relevant exemptions, and offsetting gains against losses where appropriate. This is exactly the kind of decision that benefits from being made as part of a broader strategy rather than in isolation at the time of sale.
Strategic investments
Tax-efficient investing isn't a single formula, it depends on your specific goals, timeframe and circumstances. It typically involves choosing tax-efficient investment vehicles, understanding CGT exemptions relevant to your situation, and planning your exit from an investment as deliberately as you planned your entry. Your Morgans adviser works through these decisions with you as part of your overall wealth management and stockbroking strategy.
What Morgans does, and what your accountant does
Morgans does not provide tax advice. What we do is structure your investment strategy, including superannuation, portfolio decisions and timing of asset sales, in ways that can improve your after-tax outcome.
For specific tax advice, including how these strategies apply to your individual return, you should speak with your accountant or registered tax agent. Many Morgan's clients get the best results when their adviser and their accountant are working from the same information.
Tax rates and thresholds
Tax rates and thresholds for the 2025/26 financial year are available to download now. There are many factors that affect the amount of tax you pay, and it's worth getting comprehensive advice rather than relying on general rates alone.
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Tax Planning FAQs
What is tax planning?
Tax planning is the process of structuring your income, investments and assets to legally minimise the tax you pay over time, rather than reacting to your tax position after the fact. It typically covers things like salary packaging, investment structuring and timing of asset sales.
What's the difference between tax planning and tax advice?
Tax advice is specific guidance on your individual tax return and obligations, which is the role of a registered tax agent or accountant. Tax planning, as Morgans provides it, is about structuring your investment and wealth strategy in a tax-effective way, working alongside your accountant rather than in place of them.
How does salary packaging actually reduce my tax?
Salary packaging reduces your taxable income by letting you receive certain benefits instead of part of your cash salary, so you're taxed on a smaller amount. The specific savings depend on your marginal tax rate and what your employer offers, which is worth reviewing with your adviser and accountant together.
Does Morgans provide tax advice?
No, Morgans does not provide tax advice. Our advisers structure your investment and wealth management strategy with tax outcomes in mind, and work alongside your accountant, who handles your specific tax advice and lodgement.
How can Morgans help with Capital Gains Tax on my investments?
Your Morgans adviser can help you plan the timing and structure of asset sales as part of your broader strategy, considering how CGT interacts with your overall portfolio and goals. Specific CGT calculations for your tax return should be confirmed with your accountant.
Where can I find the current tax rates and thresholds?
You can download Morgans' 2025/26 Tax Rates and Thresholds guide directly. It's a useful reference, though your individual tax position should still be confirmed with your accountant.
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