Categories for Tax

Government Super Co-Contribution

April 28, 2022 2:21 pm Published by Leave your thoughts

As we approach the end of the tax year (June 2022) it’s time to start thinking about superannuation strategies that you can use to your advantage. The often forgotten but by far the biggest payoff exists for those in the lower to mid tax brackets (with income less than $57,016) with what I term a ‘free hit’ where you can receive up to a 50% return on your contribution.

Older mature middle aged woman using laptop computer sitting at work desk.

Time To Start Thinking Post 30 June

June 23, 2021 11:10 am Published by Leave your thoughts

Written by Michal Park - Senior Adviser Okay, now that we’ve done all we can pre 30 June, let’s consider a few post 30 June strategies: 1. Have you lodged your Notice of Intent to claim a tax deduction form? Individuals who made non concessional (after tax) superannuation contributions through the year may reclassify them as concessional (taxable) if they, after assessing their tax position, need a deduction.