The ability to prepay next year’s concessional contribution in June is arguably one of the best tax planning strategies for business owners with a Self-Managed Superannuation Fund.
However, the devil is in the detail and this episode discusses what you have to do to get this absolutely correct within the 28-day timeframe to qualify.
What you’ll learn:
- (0:13) Prepaying Concessional Contributions: An Overview
- (0:45) Introduction and Disclaimer: Meet Chris Becks
- (1:09) General Advice Disclaimer: Considerations for Investment Decisions
- (1:40) Episode Introduction: Joining Us Today is Dale Whitson-Ray
- (2:04) Contribution Reserving: Understanding the Strategy
- (2:12) The Benefits of Contribution Reserving and Increased Caps
- (2:46) What is an SMSF Reserve?
- (3:06) Using Contribution Reserving with Higher Contribution Caps
- (3:26) Maximising Tax Benefits with Contribution Reserving
- (3:50) Compliance Challenges in Contribution Reserving
- Loads More…
Links and Resources:
Australian Taxation Office (ATO)
#FinancialPlanning #SMSF #TaxDeduction #Superannuation #ContributionReserving