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Creating a PI Save Account within Sheries can optimize cash handling. This tax-efficient option caps the tax burden at 28%, offering a more attractive rate of return compared to traditional savings accounts. With current returns reaching approximately 3.55%, this account allows investors to grow their cash reserves more effectively.
9. Strategic Currency Exchange
Lastly, being aware of foreign currencies can provide strategic advantages. If the local currency is weak, holding or converting to stronger foreign currencies (such as USD or AUD) can mitigate losses and potentially enhance returns. This advanced strategy allows for a diverse and adaptive financial approach.