Ways to reduce your tax before 30 June 2015! – Strategy 9: Government Co-Contribution

Home / JAG Blog / Ways to reduce your tax before 30 June 2015! – Strategy 9: Government Co-Contribution

The end of the 2014/15 financial year is fast approaching, so now’s the time to review what strategies you can use to minimise your tax.

  • Qualify for a Government Co-Contribution

If your total income is less than $49,488 you may be eligible for a super co-contribution from the Federal Government. For each dollar in personal after-tax super contributions, the Government will contribute from 50 cents up to a maximum co-contribution of $500 for those earning less than $34,488. For the purposes of this test, total income is assessable income plus reportable fringe benefits plus reportable employer superannuation contributions, less allowable business deductions. Please contact us to verify that you can meet all the eligibility criteria for the Government Co-Contribution.

Contact us before the 30 June 2015 deadline for assistance to reduce your tax!

Email: info@jagaccountants.com.au or call  Julian on 0408033696

 

This information is general nature and does not take into account your individual needs and objectives.

Please do not act on any information before seeking advice from a qualified Accountant and a licensed Financial Planner.

JAG
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