Tax Planning: Opportunities To Save Tax With Super Contributions
Tax Deduction Opportunities with Super Contributions There are some excellent tax benefits you can gain by making voluntary superannuation contributions. Generally, money invested in super is taxed at a lower rate than your personal income tax rate. How Concessional Contributions are Taxed Concessional (before tax) super contributions include employer super contributions made on your behalf, […]
1 July 2022 and Superannuation Contribution Changes
What are the changes? Originally announced in the 2021 Federal Budget, the following changes apply from 1 July 2022: Individuals up to the age of 74, will no longer need to meet a work test to make voluntary, non-deductible, contributions Individuals up to the age of 75, with a total super balance under $1.7 million, […]
The Importance of Retirement Planning
Retirement Planning – what are your goals for retirement? For some there’s a big focus on travel and adventure, and for others retirement is about living comfortably and celebrating life’s achievements. No matter what your goals are, the Wilson Pateras team are certain that when the time comes, you’ll want to get the very most from […]
