5min chapter

Dev Raga Personal Finance cover image

231 superannuation part 1

Dev Raga Personal Finance

CHAPTER

How Do I Claim Deductions on My Investment Property?

If you're not doing the basic stuff's right it doesn't really matter what your deductions are for your laundry or for your home insurance. pay higher tax brackets when you can actually put money into your super at a lower tax bracket. The carry forward contributions rule is absolutely brilliant for people to catch up on their super contributions so that on the back end when you retire you get tax-free income. There are rules number one is your super must be below 1.7 million and number two is based on how much it is below1.7 million you can contribute a set amount. For example if your super is below 1.48 million the previous financial year at June 30th you can potentially

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