End of financial year superannuation checklist

by

Ed.

From www.pkf.com.au: As the financial year ends, individuals should review their superannuation strategies by considering concessional and non-concessional contributions, government co-contributions, and spouse contributions to maximise benefits.

It is also essential to ensure compliance with minimum pension payments and assess investment strategies and beneficiary nominations.

Individuals should also be aware of the impending increase in the superannuation guarantee rate to 12% in 2025 and consider downsizer contributions if eligible.

Filed under: Superannuation, Tax - Individuals