I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Superannuation at the End of the Financial Year

There are strategies that you can use that would help you prepare for the end of the financial year.

Superannuation continues to be one of the most tax-effective structures through which to hold your investments. However, due to the contribution caps that now apply, it's crucial that you start planning ahead over the longer term to maximize your superannuation benefits.

So for this financial year ending in the 30th of June, you can claim concessional contributions or tax-deductible contributions of $ 35,000 or up to $ 35,000 if you are 59 years of age or older. Of if you're below 59, you can climb to $25,000. These concessional contribution caps have changed since July 2014 for individuals who are below 49 years of age. Individuals below 49 years of age can climb to $30,000.

For Members with Concessional Contributions

For employees, concessional contributions can be made only through your employer while you set a salary sacrifice arrangement and you must nominate that you want to set a salary sacrifice arrangement before your contributions being paid into the super fund.

For Self-Employed Members

If you are self-employed, and you're considering making concessional contributions to superannuation, remember that the contribution is allocated in a year in which the fund receives the contribution. So make sure you do allow at least a couple of business days for the contribution to reach the fund to ensure that they receive it by June 30.

For Non-concessional Members

The non-concessional contributions caps or those contributions that you don't climb a tax deduction, a $150,000 per year that will be increasing to an $180,000 per year from 1 July this year. Anyone over 65 also can use what you may have heard of as the "bring forward rule" which means that you can contribute a maximum of three times the annual amount.

For those who has lost super, it would be best to find your lost super before the end of the financial year so you can sort out your super money better. If you are having problems locating your lost super, feel free to seek the instructions of our administrators at www.australiansuperfinder.com.au. Or call us at 1300 252 167

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