For the 2020/21 financial year, the tax-deductible contribution cap is $25,000.
Depending on your circumstances there a many super strategies that may be beneficial;
Carried Forward Concessional Contributions
Non-Concessional Contributions
Bring Forward Non-Concessional Contributions
Spouse Contribution
Government Co-Contribution
When it comes to contributing to super you should seek our advice to makes sure you understand eligibility, high income earner tax rates and correctly validating contributions to receive your tax deduction.
To make the most of your superannuation opportunities please talk to us today.