It's hard to believe the end of the financial year is just around the corner.
Now is the perfect time of year to review your superannuation and see what tax benefits may be available to you before June 30.
In our article outlined below, we have provided a few tips that you may wish to consider. Some of the considerations are:
New super rules coming into effect on 1 July 2022
Tax deductible super contributions
you may be able to claim a tax deduction on after-tax super contributions
If you’re claiming a tax deduction for an after-tax super contribution, the contribution will count toward your concessional contributions cap ($27,500 per year). Note, you may be able to contribute more than this amount if you’re eligible to use unused concessional contribution cap amounts from previous financial years.
Capital gains tax
Government co-contribution
Spouse contributions
Salary sacrifice contributions
To find out what opportunities may be available to you, simply phone the office on (08) 8357 3999, well before June 30 or book online using this link so we can help you plan ahead. Finally review our article library for general financial information.
The lead up to 30 June can be a good time to maximise tax benefits that may be available to you inside super. Read full article >>
MBA Financial Strategists Pty Ltd ABN 13 008 285 756 and Mark Borg, Darren James, Raimon Lewandowski, Brian Lynch, Peter Berresford, Darren Holst, Nicholas Munro, Jayden Mitchell and Tim Haysman are Authorised Representatives and Credit Representatives of AMP Financial Planning Pty Limited, Australian Financial Services Licensee and Australian Credit Licensee. Todd Davies is a Credit Representatives of AMP Financial Planning Pty Limited, Australian Credit Licensee.
This email contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. If you decide to purchase or vary a financial product, your financial adviser, AMP Financial Planning Pty Limited, telephone:1300 157 173 and other companies within the AMP Group may receive fees and other benefits. The fees will be a dollar amount and/or percentage or either the premium you pay or the value of your investments. Please contact us if you want more information. This email, including any attachments, may contain information that is confidential, commercially sensitive and may be subject to legal privilege. If you are not the intended recipient you must not read, use, disseminate, distribute or copy any part of this email, disclose its contents to any other party, or take any action in reliance on it. If you have received this email in error, please contact the sender immediately and delete this email. You can request a paper copy of documents attached to this email by calling our office. Any advice or compliance documents will be mailed to you free of charge. Your privacy is important to us and AMP Financial Planning Pty Limited, which is part of AMP. You may request access to your personal information at any time by calling us on 8357 3999 or contacting AMP on 1300 157 173. Information collected will be subject to AMP’s Privacy Policy.
If you no longer wish to receive direct marketing from us you may opt out by contacting the practice by return email or phone 8357 3999. You may still receive direct marketing from AMP as a product issuer, bringing to your attention products, offerings or other information that may be relevant to you. If you no longer wish to receive this information you may opt out by contacting AMP on 1300 157 173.
MBA Financial Strategists Pty Ltd does not warrant that this email or any attachments are free from viruses or other defects. Please ensure that you check for viruses and defects prior to opening any attachments.
