Finwest Wealth Management

Personal Concessional Contributions 🗓️
As the end of the financial year approaches, it’s important to understand how personal concessional contributions can benefit you.

EOFY (End of Financial Year) is the deadline for when personal contributions must be received by your super fund to count toward the current financial year (ending 30 June).

Key features of personal concessional contributions:
- You can contribute your own money to super and claim a tax deduction.
- Reduces your taxable income.
- Contributions are generally taxed at 15% inside super, often lower than personal tax rates.
- Helps grow your retirement savings in a tax‑effective environment.

How do you claim?
- You must lodge a Notice of Intent to Claim a Tax Deduction with your super fund.

Important Things to Note:
- You must receive confirmation from your super fund before you lodge your tax return.
- Contribution caps and eligibility rules apply.

Claiming contributions can help reduce tax today, while increasing your retirement savings for the future. 💡

We are here to help! Contact us on 9355 2133 or email us at [email protected].

This information is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you and seek personal advice before acting.

~MEET THE TEAM~.
Meet Jemma 🌸
She is our receptionist. She is your first point of contact for any queries and always here to help!
One fun fact about Jemma is that she is allergic to avocado 🥑

Happy Easter everyone 🐣
Our office will be closed from Thursday 17th of April at 4:30pm and
re-opening on Tuesday 22nd of April at 8:30am.