By making personal contributions to your super, you may be able to claim a tax deduction to reduce your tax liability.
If you have an ‘inactive’ super account (ie. which has not received a contribution (or rollover) for 16 months and you have not elected to keep your insurance), then any insurance cover contained in your super will be cancelled from 1 July 2019.
What the Federal Budget could mean for Retirees & Pre-Retirees.
This year’s Federal Budget is an ‘election budget’ with future tax cuts for all Australians, especially low and middle income earners.