26/06/2025
⏲ 30th June is fast approaching
📺 Watch out for our daily tax tip leading up to the end of the financial year
💰 Personal Superannuation contributions
The concessional contribution cap for the year ended 30 June 2025 is $30,000.
This means an individual may make a contribution of up to $30,000 which will be tax deductible (subject to contribution rules being met). This includes Employer contributions (i.e. if you get a salary the component of super paid by your employer), Salary Sacrificed Contributions (i.e. if your employer makes additional contribution on your behalf) or Self contributions.
We note that top up/additional contributions must be made ASAP (check with your superfund for cut off dates) to ensure you can get a tax deduction for all contributions in this financial year.
💰 Employer contributions - Act NOW
Reminder to pay Superannuation Contributions on behalf of your employees soon after your last pay cycle in June (check cut off dates with your superfund/software provider) to ensure that the contributions are tax deductible in this financial year.
Should you have any questions on the above, feel free to let us know.
ZASH Partners
