John And Garry Podcast

      The rules around super continue to change – and this one needs to be taken advantage of.     Effective from 1 July 2017, employees are now allowed to make a personal after-tax contribution to super and claim a personal tax deduction.     Put $15,000 into super and potentially save tax of over $4,000!     Previously when you wanted to top up your super concessional contributions, you needed to have your employer make salary sacrifice contributions from your pay.     Whilst you can continue to do this, you can also towards financial year-end check out the total of your 9.5% contributions - then you simply make an after-tax contribution to super to bring your concessional contributions to the maximum $25,000 for the year.     If you have lazy money sitting around, make the contribution and get a tax refund from the Commissioner a few months later.     Salar