Contribution strategies – BEE innovative

  • Presentations, Technical Resource
  • Contributions

National Conference 2023

The super contribution rules were significantly relaxed on 1 July 2022, creating new and further opportunities for many super fund members.
 
For super fund members aged 67 to 75, the 1 July 2022 changes meant that some could make contributions for the first time in a long time, while also causing advisers to re-think how a range of common advice strategies are delivered going forward.
 
In this session we will look at some key contribution strategies that have emerged from the changes, including:
  • Recontribution strategy – where it works, where it doesn’t and could Part IVA apply?
  • Downsizer contributions from age 55 (which are preserved until a condition of release is met), and the interaction with other contribution caps and Total Super Balance
  • Unlocking and maximising tax benefits of making super contributions while navigating potential pitfalls
  • Small business CGT contributions – now easier to make beyond age 67 and interaction with other contribution caps
  • Increasing concessional contributions using an ‘income swap’ strategy involving a transition to retirement pension or a retirement phase pension.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association