Some significant superannuation boosting opportunities have become available because of recent legislation changes. These new Laws are particularly good news for older Australians who stand to benefit the most. If you are assuming the super door has been closed forever, think again. Now is a great time to seek advice on how to minimise tax and maximise your retirement savings. There is also some good news for retirees looking to downsize and those saving for their first home.
2022 has been anything but ordinary, but one thing that remains a given is the end of financial year. As always, there are essential tax planning opportunities and matters to consider in the lead up to 30 June. This is also an ideal time to look at how you can boost your superannuation contributions. There are a number of advantages to contributing money to your superannuation, one of the most attractive being tax concessions.
Hands up if you would like to pay less tax. If you’ve had an unexpectedly good year or have sold an asset, tax can become a problem. With the right advice, there may be a solution. Local business owner, Mitch recently came to us for help after selling a property. He was looking down the barrel at a large tax bill and wanted to know if he could minimise this if possible.
2020 has been anything but ordinary, but one thing that remains a given is the end of financial year. As always, there are essential tax planning opportunities and matters to consider in the lead up to 30 June. This is also an ideal time to look at how you can boost your superannuation contributions.
