Technical

This page contains technical information aimed to help you and your clients run smoothly to 30 June.

Technical Tips
Creating successful, tax-efficient financial planning strategies is a continual process throughout the year. Nevertheless, some useful reminders to address some common end-of-year questions and issues, include:
• optimise super contributions and ensure contributions caps are not exceeded
• ensure deduction notices are submitted for clients intending to claim a deduction for personal contributions to super
• consider making non-concessional contributions to super to access the Government co-contribution
• review eligibility for spouse contribution tax offset and consider making a non-concessional contribution to a spouse's super fund
• ensure clients with superannuation pension accounts receive at least the minimum pension payment before the end of the financial year  
• consider the impact of Flood Levy on lump sums paid from super before 30 June
• prepay up to 12 months of interest expenses for investment loans to maximise tax deductible expenses this financial year.

For more technical year-end information or for further details on the above tips, please refer to our year-end technical tips flyer

The MAStech Contribution Cap Companion

The Contribution Cap Companion (CCC) is MAStech’s extensive online guide to super contribution caps. It is regularly updated by the MAStech team.

Featuring: 

• common 'cap traps', illustrated with practical case studies
• ATO views expressed in a new ruling on super contributions
• an outline of the rules applying to deductions for personal and 'special' contributions that qualify for cap concessions
• ATO views regarding contributions for company directors, and much more.

The MAStech CCC is available to advisers and support staff with MAStech access, from the MAStech technical library

Additional technical services
The MAStech technical team has the skills and resources to deal with a wide range of technical issues. Click here to learn more.