EOFY – Tips to ensure you maximise returns
Set aside some time and get your EOFY tactics in place to ensure you maximise the tax effectiveness of your investment strategies without the stress of leaving it to the last minute. We have some tips to help.
1. Review your investment portfolio
It’s important to capitalise any profits or losses within your portfolio before June 30 if you want to offset any gains against losses. Any losses utilised only provide a potential immediate tax benefit if you have realised capital gains in the current financial year.
If you have crystallised gains during the year, consider the sale of underperforming investments that no longer fit within your portfolio strategy and long term view of where future growth will be…
