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Colin Lewis

What you need to know before topping up super ahead of June 30

If you want to make a last-minute contribution to get a bigger deduction and tax saving, you’d better snap to it. This is what to do.

Making a deductible superannuation contribution is a great way to reduce your tax bill while boosting your retirement savings.

So if you want to make a last-minute contribution to get a bigger deduction and tax saving, you’d better snap to it as June 30 is not far away and your super fund must receive the contribution by then to have it count this tax year.

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Colin Lewis is head of strategic advice at Fitzpatricks Private Wealth.

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    Original URL: https://www.afr.com/wealth/personal-finance/what-you-need-to-know-before-topping-up-super-ahead-of-june-30-20230619-p5dhqh