Your superannuation fund is a defined accumulation scheme where a portion of your salary is compulsorily deposited into an account and invested for the sole purpose of your retirement. Making extra contributions to your superannuation account by utilizing the carry-forward contribution to claim a tax deduction. This is where you’re eligible to make extra tax deductible contributions to your super account for any unused amount for the concessional cap for the previous 5 years. Click on the picture below to download the PDF of the case study.
