An important area of wealth creation is to ensure that your balance sheet is structured in the most tax efficient way in order to support long term growth of your wealth.

There is often a misconception that the actual wealth creation process can only start once the home loan is fully paid off, however we often regret that clients did not come to see us five or ten years earlier than they actually do.

The ability to gradually convert good debt into bad debt is a worthwhile strategy to consider for many young wealth accumulators.

Other important considerations are aligning investment ownership with marginal tax rates in your family, making use of family trusts where possible to distribute income tax efficiently to other beneficiaries on lower tax rates, and ensuring that your wealth is built and transitioned into the right boxes of ‘Investment’, ‘Super’ and ‘Pension’.