The main tax you'll pay is income tax which is calculated on income you receive such as salary and wages, investment income and business income. Generally, the more you earn, the more you pay.

Different types are income are taxed in various ways and an understanding of the taxation system and how it applies to your income and assets is a vital part of a holistic financial plan.

Due to the complexities of the taxation system, along with the various strategies you will need to employ to effectively plan for your future, a strategic plan incorporating advice from both your financial planner and your accountant will result in the most comprehensive outcome.

  • Why your retirement intentions are critical

    Have you given much thought to the age that you might eventually retire?

  • Plans for study into elder abuse

    The government’s decision to follow one of the recommendations from the Australian Law Reform Commissioner’s report and adopt a national plan for elder abuse has been welcomed by a legal body.

  • Our website is really our digital office.

    Coming to our digital office means you can visit us at any time without moving, you family and friends can to. You can drop off and pick up files, you can catch up with important news, you can ask us questions on a wide range of topics, you can search providers such as Centrelink, the ATO and ASIC and often more easily than going to their sites, you can access a range of calculators, you can get to know our staff, and more. Drop in anytime!

  • Dissecting the downsizer contribution

    The 2017 federal budget included an allowance for a new type of superannuation contribution for individuals looking to downsize their principal residence. Michael Hallinan details the rules around these unique contributions.

IT Financial Services, ABN 48 097 884 976, is an Authorised Representative of Apogee Financial Planning. Apogee Financial Planning Limited ABN 28 056 426 932 is an Australian Financial Services Licensee and has its registered office at 105 - 153 Miller Street North Sydney NSW 2060. A member of the National group of companies.