Are you ready for tax time? With the end of the financial year fast approaching, now is a good time to take stock and get your finances in order.
Here are some tips and strategies to consider as 30 June approaches.
The lead up to 30 June can be a good time to maximise tax benefits that may be available to you inside super.If you’re keen on taking advantage of potential tax benefits available inside super, or are looking at ways to rebuild your retirement savings (for instance, you may have made a withdrawal as part of the early release of super scheme), the lead up to 30 June could be a good time to act.
Certain contributions, which we explore below, may have the ability to reduce your taxable income, or see you pay less on investment earnings, but remember there will be things to consider.