Technical Advice & Resources

Concessional contribution checklist

From 1 July 2017, eligible clients can claim a tax deduction for personal super contributions regardless of their employment status. The concessional contribution checklist will assist you in determining:

1. The available concessional contribution cap available to claim a tax deduction on personal, tax deductible contributions, and
2. Project future available concessional contribution amounts available with the 5-year carry-forward provision (commenced 1 July 2018 where any remaining concessional cap from 2018/19 is carried over to 2019/20).

Download now

Non-concessional contribution – Decision Tree

The non-concessional contribution decision tree can help you to determine your client's non-concessional contribution cap for the 2019/20 financial year. 

Download now

COMPARISON OF INSURANCE PREMIUMS FUNDED INSIDE VS OUTSIDE OF SUPER

This guide can be used with clients to help them compare the value of $1,000 worth of premium and how much it will cost when paying with pre-tax dollars versus paying with after-tax dollars. Examples shown are a visual guide, comparing the gross cost at each individual tax rate. 

Download now

Life and TPD Insurance Inside/Outside Super Comparison Table

The life and TPD comparison table compares the key factors to consider when owning life and TPD insurance inside/outside of super. 

Download table

Super Life And TPD Insurance Tax Calculators

The super life and TPD insurance tax calculator will assist you in determining the tax payable for claims paid in the 2020/21 financial year:

1. By a non-tax dependant beneficiary (e.g. independent adult child) upon receipt of a super lump sum death benefit, and
2. By a super fund member upon receipt of a super lump sum benefit following permanent incapacity.

By knowing what the likely tax impost is, advisers will be able to more precisely gross up the sum insured for a given client scenario.
 

(Refer to disclaimer at bottom of page) 

Download the calculator