Debt Reduction Strategies
Debt reduction strategies effectively help you eradicate non tax-deductible debt (bad debt) faster.
This can involve creating tax-deductible debt (good debt) by acquiring investment assets that have minimal impact on your overall personal cash flow. It converts bad debt into good debt.
This strategy requires sufficient equity in the family home and involves using the cash flow from the investment asset to pay down your non-tax deductible debt (e.g. home loan, personal loans). The correct investment structure is essential.
Humphrey Partners is conveniently located on the outskirts of Brisbane's CBD.
"Chris and his team have helped tremendously in organising my income protection insurance and ensuring my cover is held in the most tax effective manner. The process was very straight forward and all insurance options were explained clearly so I was able to make an informed decision on what cover I wanted. "
Adam Brady