Opinion
How to claim a $157,000 tax deduction while turbocharging super
Everybody who can make extra concessional contributions of this magnitude should seriously consider doing so.
Michael HuttonContributorNot so long ago, superannuation contributions were very much a ‘use it or lose it’ opportunity. Anyone who didn’t make annual contributions up to their super cap limits couldn’t then make them up in subsequent years.
Fortunately, a few recent changes have meant there are now a few more avenues to help people boost their super. One such change is the opportunity to roll unused contribution limits into subsequent years.
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