Superannuation – Unused Carry Forward Rule

Your eyes may already be rolling in the back of your head. Not another post about super, you may say.

Have you heard of the “carry forward unused concessional super contributions” rule?

As the the end of the financial year approaches, many look for ways to reduce assessable and taxable income.

Have you fully used the concessional super contributions, including unused contributions.

This is one tax reduction strategy as concessional super contributions are a tax deduction up to their cap.

If you would like to chat to us about some options – feel free to contact us: info@cwmm.com.au