Excess contributions

Do your clients understand the importance of superannuation excess contributions? if not, they may face problems with the Australian Tax Office.

Make sure your clients understand the tax implications of exceeding contributions, advises Michael Hallinan of Townsends Business & Corporate Lawyers. He says that even innocent transgressions can bring problems. Michael Hallinan has a list of excess contributions and offers guidelines for advisors to pass on to clientsLog InSubscribe

Michael Hallinan, Townsends Business & Corporate Lawyers