Access TAX incentives

Why do tax incentives even exist? Many will suggest its the governments way of encouraging people to take a pro-active approach to their financial future. By creating a way for people to build income producing assets to ideally fund their own future, growing pressure to find funds for a pension might be reduced.

There are many tax incentives out there in today’s world. Each of them have their list of pro’s and con’s. As a result of this and the lack of understanding that exists around them, many start to claim everything is just another tax scam. Remember, what works for one may not work for another.

Accessing taxes to fund your future is great and all, but how can this be helping you today? Were you aware that it is possible to redirect a portion of your taxes in a way that can help you pay down your mortgage faster? If you won’t, that doesn’t mean it can’t be done. If anything, you just haven’t been shown how.