![](https://www.knoxtax.com.au/wp-content/uploads/2024/06/Superfund.jpg)
With the 2024 Financial Year coming to a close in a couple of weeks time, we just wanted to talk about additional super contributions you may want to make before June 30.
If you are considering on making a contribution into your Super fund to utilize a deduction – it would be wise to do this NOW as this contribution needs to show in your super account balance prior to 30 June for you to receive the deduction.
Please note, from 1 July 2021 to 30 June 2024, the concessional contributions cap for this year is $27,500.
*Please check with your superfund before making a contribution to ensure it will clear on time and be included in your 2024 tax return*
Don’t forget to organise your notice of intent to claim – you may be able to do this online or otherwise complete the below and forward it your super fund.
Click here to access a “Notice of Intent to claim a deduction for personal super” form.
If you have any questions, feel free to contact our office.
Regards,
The Team at Knox Taxation