Updated Aug 29, 2025 – 8.21am, first published at 5.00am
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Lawyers, accountants and doctors – pretty much anybody who works for themselves – can get massive tax advantages simply by reorganising how they receive income.
One strategy – the family trust – is bread and butter to Chris Balalovski, a partner in BDO Australia’s business services team. He says this entirely legal structure could cut a typical professional’s tax bill by $62,983 a year. But there are even bigger benefits for professionals with a self-managed superannuation fund, which we will detail later.
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