Superannuation
Year-end superannuation contributions and concessions
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With the financial year-end fast approaching, there is still time to take advantage of the various superannuation contribution strategies and concessions that are available. This paper comprises a brief summary of these strategies and concessions.

1) Personal tax-deductible contributions

Concessional contributions cap is $25,000 for all individuals People under age 67 may be eligible to claim a tax deduction for making a personal contribution to their superannuation fund of up to $25,000 in the current financial year.

For employees, their employer 9.5% Superannuation Guarantee (SG) contributions, superannuation contributions paid on bonuses plus any salary sacrifice amounts to superannuation, also count towards this cap. Where this applies, the available personal tax-deductible contribution will be limited to the difference between the $25,000 cap and the amount of the employer contributions.