Carried Forward concessional contributions allow you to use unused cap space from the previous 5 financial years to make additional tax deductible super contributions.
To be eligible for this your superannuation balance needs to be less than $500,000 on 30 June in the previous financial year.
This is a great strategy for increasing your super balance and reducing your taxable income at the same time.
McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandco.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.au
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