End of financial year 2020-21: Super strategies
End of financial year 2020-21: Super strategies
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.