Maximise Your Superannuation Deductions
- June 9, 2017
- Posted by: Quarles Business and Financial Strategists
- Category: Superannuation
Maximise your superannuation deductions before 30 June 2017
Reduce your taxation by boosting your super.
Pay up to the maximum concessional (deductible) contribution amounts for 2016/2017**:
- Aged 49 or over = up to $35,000.
- Aged less than 49 = $30,000.
Concessional contributions included deductible member contributions (meeting the 10% rule), employer guarantee contributions (9.5% of gross salary) and salary sacrifice amounts into super.
In a GESB type constitutionally protected fund:
Salary Sacrifice and Super Guarantee from employment = No upper limit.
Personal deductible member contributions = no upper limit, but you must meet the 10% rule***.