Mail-out to Super Funds Members
The Tax Office has commenced sending letters directly to individuals who are most at risk of exceeding the superannuation concessional contributions cap. According to the Tax Office, the aim of the letters is to prompt the individuals to review the amount of their concessional contributions for the 2009/10 income year.
Clients who have received the letter should contact us to discuss their proposed contributions to avoid triggering any adverse tax consequences.