It's now 2011-12 and the low income tax offset changes have come in to stop income splitting. However, it also affects those of us who have decided that it is wise to put some money aside each payday to invest in trust for our children (not a formal trust). If I wasn't investing for my children I'd be paying more off my mortgage and attracting no tax at all.

However, if I maintain my current investment plans for my children they will be hit with the top tax rate at some stage in the next couple of years (in other words, more tax than I pay). So, how do I invest for my children and not be overtaxed? Any advice/thoughts?