Superannuation Q&A

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Liam Shorte added an answer to this question
Liam Shorte

Liam Shorte, Director, SMSF Specialist Advisor & Financial Planner at Verante Financial Planning & The SMSF Coach

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Self Employed or small company owners can double dip on the concesssional contribution limit?
The taxpayer could have $25,000 concessional contributions made during the year, then make an additional $25,000 in June, enabling a $50k tax deduction.  $25k is allocated to the member in the current ...  Continue Reading
Liam Shorte

, Director, SMSF Specialist Advisor & Financial Planner at Verante Financial Planning & The SMSF Coach

This strategy is really only available to SMSF owners but check with your Super Fund. Also For those over 60 there is an option to boost this strategy a further $10k