NewsBite

How high earners can claw back lost stage three tax cuts

Experts explain how to reclaim lost stage three tax cuts via extra superannuation contributions.

Top-rate taxpayers can reclaim some of their lost, stage three tax cuts and boost their superannuation savings faster when contribution limits rise for the first time in three years on July 1.

The concessional contribution limit, which is the maximum amount from pre-tax income, will rise to $30,000 from $27,500, while the non-concessional cap, which is the limit for contributions from after-tax pay or savings, will jump by $10,000 to $120,000.

Loading...
Duncan Hughes was a reporter at The Australian Financial Review

Read More

Latest In Personal finance

Fetching latest articles

Most Viewed In Wealth

    Original URL: https://www.afr.com/wealth/personal-finance/how-high-earners-can-claw-back-lost-tax-stage-three-tax-cuts-20240222-p5f73g