1. Your super account can be added extra: You have a surplus outside fund of superannuation funds and to make an additional contribution into the fund. Non-concessional contributions per year is $150,000, but you are under 65 can make contributions limit up to $450,000 during the course of the current two years. Anyone can close to 65 particularly to make maximum contributions of turning 65.
2. Transition to Retirement’ pension can be considered: Workers, access over 55 up to 10% as ‘Transition to Retirement’(TTR) pension can save considerable tax. Penalties will apply exceed the limit up to 10%. 3. Business concessions: You think about selling a retiring and small business. Using one of the small business can gain tax concessions are eligible. All proceeds may able to roll into super, eliminate or even reduce a capital gains tax suitable on the sale.
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AuthorKervin Kupp Archives
April 2020
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