SMSFs flagged on planning opportunities for EOFY concessional contribution strategies
SMSFs can utilise certain concessional contribution strategies that will be particularly suited to cap off the end of the financial year and create further planning opportunities for the SMSF position at the start of next financial year, according to technical specialists.
Approaching this end of the financial year, SMSFs can seek to maximise concessional contributions (CCs) by making personal deductible contributions, as clients can make personal deductible contributions to super where they are eligible to make member contributions and have sufficient assessable income to claim a tax deduction, regardless of their employment situation.
Read more at SMSF Adviser.Â
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