There are two inevitable things in life – death and taxes. We can’t really help you with death, but taxes needn’t be quite so daunting. You do have to pay tax, but there are ways to minimise your liability. Remember when you’re developing your tax plan, one of the keys to tax minimisation is to not pursue strategies solely for their tax benefits, but to think about them in the broader perspective of your overall investment strategy. There are different options available either through superannuation or outside of superannuation, utilizing losses to reduce capital gains or pre-paying interest on investment loans or income protection premiums.