Your TSB determines eligibility for the superannuation measures outlined in the table below. TSB is generally measured each 30 June to determine eligibility for the relevant superannuation measure in the following financial year…

Tip…

If your TSB is approaching the relevant threshold, consider strategies to minimise your accumulation and/or pension balances at 30 June. For example, consider splitting concessional contributions with a spouse or reviewing the timing of contributions or withdrawals.

Rick Maggi, Financial Advisor, CFP

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Disclaimer: This information is general in nature and therefore should not be construed as ‘personal advice’ as your personal circumstances have not been taken into account by Westmount Financial or Rick Maggi. Please liaise with your existing Financial Advisor, or contact Westmount Financial before taking any action.