Superannuation contributions are important, as clients who contribute more money to the superannuation environment in the most tax effective manner are more likely to be able to beneficially fund their income needs in retirement.
So, what various types of contributions can be made, what are their eligibility criteria, how much can be contributed, and what are the taxation implications?
- Recognise the three main aspects that comprise the tax structure of superannuation
- Explain the types of concessional and non-concessional contributions, including who can make them, who can receive them, and the taxation implications of each
- Discuss key features of and rules governing new downsizer and first home superannuation saver scheme (FHSSS) contributions
- Examine other types of contributions, such as small business capital gains tax and personal injury contributions
- Evaluate the advantages of contributing to superannuation.
Looking for a RG146 CPD solution? This course also forms part of our complete online CPD solution, , which enables financial participants and organisations to meet ASICs RG 146 ongoing training requirements.