How many phone call's have you had when the caller says that the Tax Office is giving generous tax breaks?
Some Promoter's are just after your money. They offer high investment returns with no risk. Beware! you could lose your money and have to pay back any missing Tax, plus interest and penalties.
So how do you recognise a good investment from a bad one.
Beware of promoter's that promise no risk
Who say that you do not need a credit or asset test
Who promise that you will still profit from your Tax Refund even if you do not go ahead.
That the ATO has approved the investment.
Types of Tax Schemes
Transferring your money into an Offshore Tax Haven
Early access to your Super
Investments funded by loans that you do not need to pay back.
Claiming large deductions for donating goods to Charity
Remember if it sounds too good to be true it probably is.