Year-End Tax Planning: Investigating the Sacrifice of Pre-Tax Salary to Superannuation
It’s a good idea to think about ways to optimize your tax savings as the year draws to a close. A useful strategy is to contribute pre-tax salary to your superannuation fund. To reduce your taxable income and overall tax burden, this method entails rerouting a portion of your pre-tax earnings into your
superannuation account. AUD 27,500 is the maximum amount that can be contributed at this time. We would suggest speaking with your accountant to find out how this strategy will help your unique financial position. Always do your research and consult an expert to ensure it fits your unique situation.
Several of NAB's property forecasts:
These are NAB‘s projected property prices:
- Property prices in Perth are expected to climb by 21% by the end of 2025, with an extra 6.21% at that time and 13.7% this year. This year, Perth has already experienced a 7.6% gain.
- After rising by 4% this year, Brisbane home prices are predicted to soar by 12.2% over the following two years by NAB.
- After rising 4.2% this year, NAB predicts that Adelaide’s home values will grow by 12.3% over the next two years.
- By the end of 2025, Sydney real estate prices are expected to have grown by 8.4%, with increases of 4.5% this year and 3.7% in 2025. This year, Sydney has seen an increase of 1.3%.
- NAB projects that, despite a 0.30% decline this year, Melbourne home prices will increase by 6.30% over the following two years.
- Overall real estate prices are expected to rise by 5.5% this year and 3.7% by the following year, according to NAB, for a projected growth of 9.4%, up from an earlier projection of 8.7%.
