To maintain a new habit, you’ve got to consciously do it, repetitively, until it’s something that happens naturally. And, by fully understanding your motivation for doing it, you’ll have a strong incentive to stick with it.
By making personal contributions to your super, you may be able to claim a tax deduction to reduce your tax liability which may allow you to pay less tax and invest more in super. If you have not fully used your concessional contribution cap in previous years, now might be the time to make a larger personal deductible super contribution.
With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2022 to reduce your tax and grow your wealth.
In the wake of this month’s Federal Election, our combined focus needs to be on how you can save tax before 30 June 2019! Here are 2 key areas that will affect you in the short term.