Final Superannuation Contributions for 2023 / 2024 FY

If you are thinking about making a final contribution into your superannuation in the 2023/24 financial year, now is the time. In this video we focus on personal deductible contributions to super in order to help you save tax.
Division 293 Tax Explained: • Division 293 Tax Expla...
Carry-forward concessional contributions explained: • Carry-Forward Concessi...
Finding your unused carry-forward concessional contributions: • Finding your carry-for...
--TIME STAMPS-
00:00 Introduction to final superannuation contributions
01:21 Using superannuation to save tax
02:40 Example of personal deductible contribution
04:50 Age limit
05:59 Contributions cap limit and carry-forward concessional contributions
07:50 Factors to consider
10:14 How to make the contribution
12:03 Other last minute contributions
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#superannuation #taxplanning #personaldeductiblecontributions

Пікірлер: 6

  • @nf7126
    @nf71262 ай бұрын

    Excellent explanation on this topic. Thanks for taking the time to make.

  • @GuidedInvestor

    @GuidedInvestor

    2 ай бұрын

    My pleasure!

  • @mattrt12
    @mattrt122 ай бұрын

    how does that work if you have sold shares and have a cgt to pay? should i then pay more into super to off set?

  • @mattrt12

    @mattrt12

    2 ай бұрын

    And also, for super you cant bring a UK pension over now until you are 55 is that correct? and then its can be a problem

  • @GuidedInvestor

    @GuidedInvestor

    2 ай бұрын

    Yes, you could consider offsetting CGT from the sale of crypto. Whether you do or not depends on a number of factors like the video mentions...

  • @GuidedInvestor

    @GuidedInvestor

    2 ай бұрын

    There are still ways to do it (a couple of specific funds retianed their QROPS status) but they are very limited.