A re-contribution strategy is just that; a withdrawal of your superannuation benefits and a re-contribution back into super.

This is probably the simplest and easiest of strategies to implement that can guarantee:

Why implement a re-contribution strategy?

A great reason to implement a re-contribution strategy is tax; this strategy converts the taxable portion of your superannuation benefits into tax-free components. Ultimately, resulting in a reduction of the potential tax payable when your super is passed onto your beneficiaries following your death.

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From 1 July 2014, the superannuation contribution caps have increased, allowing an opportunity to place more money in that beautiful tax effective environment called superannuation. The contribution caps control the amount you can place into superannuation each year without facing penalty tax.  If you are at least 50 you have higher contribution caps.

There are two contribution caps – the concessional contribution cap and the non-concessional contribution cap.  

The concessional contribution cap limits the amount of contributions to superannuation that are made from pre-taxed income.  This includes super guarantee amounts paid by your employer, salary sacrifice amounts and tax-deductible personal contributions.  

The non-concessional cap applies to contributions made to superannuation from after tax income such as your after tax salary and wages or savings.  It can also come from transferring a limited range of investments you own, such as listed shares, to your SMSF. 

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We have recently updated our website with some great new photos of the Superfund Partners team.

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