Help me to Retire

Are you struggling to make those extra cash payments into your investment property loan(s) every month on your negatively geared property?  Or is worrying about this exact problem stopping you from taking that first leap into property investment?
Then never fear. As some of you might know you can apply to the tax office to have the amount of tax taken out of your pay packet every week lowered to match your expected return at the end of the financial year.
Basically you are given your expected tax return negative gearing benefits through out the year rather than a lump sum at the end of the financial year after you’ve put in your tax return.
It’s called the PAYG income tax witholding variation (ITWV) application. So with the help of your accountant (or do it yourself if your handy with numbers) you can fill out one of these forms online or hard copy and get your self a bit of payment relief every week.  Be sure you try and estimate as closely as possible, as any money you over estimate will have to be paid back once your tax return for that year has been made final.

Heres the link to this years form.