Tax Time - How much can you put into super this year to lower your taxable income? Don't miss out!

0:00 Introduction and public holiday chit chat 1:36 One way to reduce tax is to put money into super and claim a tax deduction 2:39 Why is it important to look at your effective tax rate 3:37 How much can you put in to get a tax deduction? 4:26 How do you work out your space for contributions and what are the rules? 5:46 Get the money into your superfund on time - their closing date isn't usually 30 June for your contributions to super. 6:46 Issues for self-employed, those who have capital gains tax issues and pre-retirees. 8:00 Talk to your accountant 8:20 Issues for those in defined benefit superannuation schemes 9:47 Ways to get money into super - there is more than one way 12:37 Key things to remember with this strategy - including your "Notice of intent to claim a tax deduction". 16:35 Where to get more information Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, that aired live on Friday 1 May 2026. The topic is: Tax deductions, superannuation and 30 June 2026. What should you be thinking about from a financial, tax and retirement planning perspective as we approach the end of financial year? The secret to good retirement planning and tax planning is to understand your options sooner rather than later, and not to leave your actions to the last minute. Each super fund has its own rules on when contributions can be received and it’s important that you don’t miss their deadline. Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’. Key topics covered include: The end of year is approaching fast. One way to save tax is to put more money into your superannuation. Understand what’s right for you - that is the right place to start. Why it’s important to look at your effective tax rate. What is your concessional contribution limit? How do you work it out? You might also have concessional catch-up space too. When should you make a contribution to your super? What’s the fund’s cut-off date for your fund? Ask your fund! Strategies for self-employed, those who have sold an asset and those with capital gains tax concerns. Accounts can help you work out your tax numbers! What about defined benefit scheme members? Know your numbers too. Ways to get money into super – in summary. Don’t forget your Notice of Intent – why it’s important. Luke shares the key things to consider when assessing and using this strategy. Do you need help to maximise your super or retirement plan in 2026? Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can also use the contact us form on our website to make an appointment. Looking for more information on superannuation, retirement planning, and financial planning? Dive deeper with Luke's expert insights and strategies! 📘 Smart Money Strategy by Luke is out now! Discover more at https://thestrategystacker.com.au/ and don’t forget to grab the free templates online right now under ‘Resources’. 🔔 Stay Connected: • YouTube:    / @thestrategystacker   for the latest videos. • Facebook:   / envisionfinancial1   for updates and tips. • LinkedIn:   / luke-smith-26a4ba16   for professional insights. • TikTok:   / thestrategystacker   for quick tips and tricks. • X (formerly Twitter):   / envisionadvice   for real-time links. 🎧 Listen to Our Podcast: • Spotify: https://open.spotify.com/show/2V0zIrO... • Apple Music: https://podcasts.apple.com/au/podcast... • iHeartRadio: https://www.iheart.com/podcast/256-th... • YouTube Podcasts:    / @thestrategystacker   Got a general financial planning question? Visit https://thestrategystacker.com.au/ask... If you have specific financial planning questions, please make an appointment with Luke to get personal financial advice. Call Envision Financial on 02 6260 4749 to make a booking. #financialplanning #retirementplanning #taxtips #superannuation #EOFY #Howtosavetaxwithsuper