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Financial adviser's superannuation move to save $3,480 in tax this month
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RELATEDStart with your superThe biggest pure tax lever is making extra super contributions to save tax through salary sacrifice.
The cap on these contributions is $32,500 this financial year, and it includes your employer contributions.
$30,000 in a savings account at 5% earns $1,500 a year, and after tax at 39% you keep $915.
· Supplied/GettyYour deductions, sorted earlyThen look at setting up your tax deduction records in July instead of reconstructing them next June.
From this financial year there's a new $1,000 instant deduction you can claim with no receipts at all, which covers the basics.