Superannuation Contributions – Navigate with Confidence
Managing your superannuation contributions effectively is crucial to maximising your wealth without crossing the boundaries set by the Australian Taxation Office (ATO).
At Sutherland Tse and Associates, we understand the importance of staying within these limits to avoid unnecessary tax burdens.
Avoid Overstepping – Mitigate Tax Liabilities
Contributions beyond the ATO’s annual caps can lead to tax complexities. Our proactive approach is designed to help you rectify any excess contributions swiftly, minimising potential financial repercussions.
Step 1 – Review and Understand the Excess Contributions:
We can review your superannuation contributions for the current financial year and ensure that you are aware of the potential excess amount. Understanding the specific details will be crucial in formulating an effective plan to address this matter.
Step 2 – Statement of Advice (SOA):
Valentine Tse is an experienced tax agent but also has experience in financial advice. He will be able to prepare a detailed Statement of Advice tailored to your unique financial circumstances. This document will outline personalised recommendations to help you navigate the excess contributions issue while optimising your overall financial strategy. We have noticed that the investments in the fund are in cash and we may be able to assist you with a plan to increase your wealth.
Step 3 – Super Guarantee Opt-out Forms:
We can assist you in completing the Superannuation Guarantee opt out forms required by the ATO. These forms are essential for notifying the ATO if you will be opting out of the superannuation guarantee requirement from one employment for a particular period.
How to start:
To initiate this process, please contact our office on 02 9763 1628 or reply to this email to schedule a consultation with Valentine.
Thank you for entrusting us with your financial well-being. We look forward to assisting you in this matter effectively.
Valentine Tse | Principal, Sutherland Tse and Associates