Take advantage of this limited Government super offer – a one million dollar opportunity
If you’re eligible, between 10 May 2006 and 30 June 2007 you could make an after-tax contribution to your super fund of up to one million dollars – without incurring adverse tax implications.
After this period new caps are proposed to apply –any after-tax money contributed into super over these amounts will be heavily taxed.
This means it is extremely important to take action now if you are considering putting a large amount of money into super before retirement, such as funding from:
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A windfall, or inheritance; |
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Sale proceeds from property or small business; |
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A termination payment. |
From 1 July 2007, the following new caps for making after-tax contributions will apply:
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$150,000pa per financial year if you are over 65 and meet the work test requirements; or |
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$450,000 averaged over 3 financial years, if you are under 65. |
If you are interested in taking advantage of this
opportunity, speak to your Count adviser as soon as possible
to get in before the 30 June 2007 deadline.
Your adviser can assess your suitability and devise a tax-effective
plan to reach your retirement goals.
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As at
16 November, 2006 Doc Owner: < > |
