By paying superannuation contributions prior to 30 June 2014 you will be able to claim the contribution as a tax deduction.
You will need to be mindful of the following:
- Superannuation caps;
- The overall tax effect of the contribution.
Typically the superannuation contribution will be taxed when received by the superannuation fund.
If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com
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