It’s Time To Shine The Light On Catch Up Concessional Contributions

There has been a raft of legislative changes made to superannuation in the last two years that has impacted how and when we can contribute to our funds. Given the number of changes, it is easy to overlook some of them. In this session, we explore the concept of ‘catch up’ concessional contributions and the benefits it may create for clients. At the other end of the spectrum, we’ll also revisit the idea of utilising future year contributions to create a tax deduction early. Not only will we explore the technical elements to these strategies, we’ll also demonstrate the benefits of using dedicated superannuation software to record and track the necessary information. Key learning outcomes:

• Understand the concept and benefits of catch up concessional contributions
• Understand the concept and benefits of a contribution reserving strategy
• An appreciation of using fit for purpose software for your SMSF clients