Catch-up concessional contributions - How to super-charge your tax deductions

Описание: Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 24 February 2022. This weeks topic is: Catch-up concessional contributions to super, what are they and how can they help you super-charge your tax deductions?

Key topics covered include:
What are catch-up concessional contributions?
What’s the limit you can put into super each year?
The legislation allows you to look back and use up the limits you didn’t use
What are the key rules to using this strategy?
An example of using this strategy
What situations might you use this strategy?
How does this strategy work with a transition to retirement strategy?
How do you use this strategy – Don’t forget your notice of intent
Luke shares his top tips around using the catch-up contributions strategy.

Do you need advice around super and retirement planning?
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment, for a confidential discussion about your situation.

Luke will return to talk about financial planning on 2CC next Friday. You may also catch up with Luke's new book arriving in March - 'Smart Money Strategy'. Visit www.thestrategystacker.com.au to find out more.