Review Your Personal Superannuation (August 2024 Tax Update)
Relevant For:
Individuals approaching retirement and those keen on optimising their superannuation strategy.
Key Points:
- Recent super changes include compulsory super to 11.5%, maximum contribution base is now $62,270 per quarter, concessional contributions cap raised to $30,000 and non-concessional cap to $120,000.
- Some of the ATO recommendation are to regularly check and update your super details, maintain valid beneficiary nominations and consolidate multiple super accounts.
- ASFA recommends $690,000 for a comfortable retirement for couples.
- Professional financial advice can provide personalised superannuation planning.
Full Article:
Recent Changes
A free Business Academy account is required to continue.
Join the Business Academy today – it's FREE
What You Can Get*
- Access to world-class business research findings
- Leadership learning and development platform
- Follow-up and accountability so you actually get the right things done
* Subject to your membership tier.