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

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

Sunday, November 15, 2020 11:50 PM to Monday, November 16, 2020 12:20 AM · 30 min. (Africa/Abidjan)
Tax Today
Presentation

Information

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
     
SuperConceptsAward-winning and with over 30 years’ experience, SuperConcepts is a leading innovator in SMSF services. An expert and proven partner for thousands of trustees and the professionals who support them. SuperConcepts’ suite of market-leading SMSF services frees up your time to focus on what you do best in supporting clients. No matter what kind of SMSF business you want to be, SuperConcepts can help you get there. With SuperConcepts you’ll have access to the tools your business needs to move seamlessly through one stage of growth to another — supporting you as you support your clients. You can tailor our services to suit your needs, regardless of whether you: Want to focus solely on SMSF administration Need to outsource some of your administration and keep some in-house Would like to opt for full-service administration and focus solely on delivering advisory services Want to build your skillset or train key staff Are a new entrant into the industry or a seasoned SMSF professional

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