Topping up your super? Take care to avoid a tax bill
By Robert Jeremenko · 28 June 2011 · Locked
By Robert Jeremenko · 28 June 2011 · Locked
With superannuation changes looming, business owners must stay informed to avoid a costly tax bill. Don't risk your savings - find out what you need to know before the financial year ends.
According to the Tax Institute’s Robert Jeremenko, it’s in every business owners interests to stay up to speed on superannuation changes. “Many people consider contributing greater amounts into superannuation before the end of the financial year to get the most out of their savings. If you do, it is crucial to make sure you don’t exceed the contributions caps under any circumstances.”
Tags: EOFY, super fund, Superannuation, Superannuation Contributions