May 2025 | Newsletter 24
As we approach the end of the 2024-25 financial year, it’s a great time to review year-end superannuation strategies and get ready for the new financial year.
When a super contribution is made can be an important factor for many super and tax measures, such as:
• A super contribution can only be deductible in the financial year it is made.
• Whether a fund is able to accept a contribution (e.g. member’s age and any related work-test requirement) is assessed at the time the contribution is made.
• A super contribution can only count towards your contributions cap in the financial year it is made or allocated.