Welcome back to another episode of the Money Matters Podcast! With the end of the tax year approaching, the mad rush on planning for your end of financial year is upon us! Today we will guide your through some ideas you can look at to make the most of these last couple of weeks.
Whether it’s setting aside surplus cash for superannuation, or paying off larger deductible expenses for this year instead of the next, there is definitely some money to be saved and invested for your future that can not only improve your tax position but also accelerate your wealth creation. Making the most of government incentives and benefits will help accelerate your wealth creation.
Tune into this episode as we show you how you can maximise your position and make sure you’re not scrambling this incoming June 30!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Concessional or pre-tax contributions towards superannuation.
• Government co-contribution
• Spouse contributions
• Non-concessional contributions into superannuation.
• Timing your larger deductible expenses.
• Offsetting capital gains or timing it to be taxed lower.
• Claim your tax deductions!
