Carry forward concessional contributions (also called catch-up contributions) offer the ability to make extra tax-deductible contributions into super. In my experience, people are not aware of this fantastic opportunity to reduce tax, hence this blog article. What are concessional contributions? Concessional contributions are superannuation contributions which have been concessionally taxed. Concessional contributions include your employer…
The maximum amount we can contribute into superannuation is decided by the superannuation contribution ‘caps’. Super contribution caps change every few years, and it is important to know what the changes are.
Salary sacrifice is a tax effective way to increase your superannuation balance. In essence it involves voluntarily sacrificing some of your salary into your superannuation account. This article highlights important things to think about, including advantages and disadvantages, before you salary sacrifice. Please note, this blog post covers salary sacrifice into superannuation; it…