A LEGAL TAX MINIMISATION STRATEGY

For the 2019 financial year, most individuals have a concessional contributions cap to Superannuation of $25,000.

This capped amount includes employer contributions (including contributions made under a salary sacrifice arrangement) and personal contributions.

Your personal contributions can often be claimed as a tax deduction –providing you notify your super fund and get confirmation prior to lodging your Tax Return and you do not exceed the capped amount.

This is a great tax minimisation strategy BUT you need to sort this out NOW.

The last week of June is too late as super funds have their cut off dates.

 

Please contact me if you need assistance.

I am here for you, to help with any accounting, bookkeeping or tax issues.