When you retire, your superannuation is likely to become an important source of your income. That’s why it’s a good idea to top it up while you are working. But did you know, there are also some excellent tax benefits you can take advantage of right now – just by making your own voluntary superannuation contributions?
Generally, money invested in super is taxed at a lower rate than your personal income tax rate.
Please contact us ASAP if you would like to discuss saving tax with super contributions. Timing of your contributions is critical to get right to entitle you to a tax deduction in the 2023 year.
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