Financial year tax tips for SMEs Superannuation

​First superannuation is regular made into a fund by an employee towards a future pension. The tax time is saying in an oldie is super but a goodie. Field says business owners should be aware that there has been a “slight increase” in the superannuation concessional contribution limit this year from Rs25, 000 to Rs30, 000. The limit remains at Rs 35,000 for those aged 49 and over. There still significant saving the maximizing your super contributions to limits to say in the field. And then another says that individuals can contribute up to Rs 180000 a year into superannuation as then on-deductible contributions and it’s possible to bring forward up to 3 years, worth of the contributions, which would give a total of Rs.540000. And toss them with a self- managed super funds by transferring surplus wealth into super can be an excellent tax strategy.