Contributions

Potential benefits to couples that split concessional contributions

Spouse splitting may create opportunities to effectively transfer a portion of one spouse’s superannuation balance to the other spouse’s superannuation. Super contributions splitting generally allows one spouse to split up to 85% of concessional contributions with the other.

Here’s how it works:

The contribution must be contributed to the first spouse’s superannuation fund (15% contributions tax […]

By |August 20th, 2014|Contributions|Comments Off on Potential benefits to couples that split concessional contributions

Plan ahead to take advantage of the increase in contribution caps for the 2014/15 Financial Year

There are two significant benefits to planning contribution strategies early on in the new financial year:

1)      Where possible and appropriate, planning can ensure that contribution caps are fully utilised

2)      Ensuring that contributions are not left to the last minute, or worse still, neglected altogether.

Contribution caps are a ‘use it or lose it’ offering in […]

By |August 20th, 2014|Contributions|Comments Off on Plan ahead to take advantage of the increase in contribution caps for the 2014/15 Financial Year