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Luke on 2CC – What is a ‘Notice of intent’ and why do you need it?
Manage episode 484864515 series 3527141
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Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 23 May 2025. The topic for this week is: How do you get a deduction for a super contribution and what is a ‘Notice of Intent”?. This topic follows on from last weeks show which explored the difference between a deductible contribution to super and a non deductible contribution to super. With the end of year just a month away, now is the time to get your super sorted and make a personal deductible contribution if you’re looking to claim a tax deduction for this financial year.
Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
- What is a personal deduction to super
- How much can you put into super, and get a tax deduction?
- What is a notice of intent?
- How do you complete a notice of intent?
- Once you’ve completed the notice of intent, send it to the super fund where you’ve made your personal contribution
- Should I keep the confirmation from your super fund? Yes, especially if the tax office asks for proof!
- Can I claim a partial tax deduction for super contributions I’ve made?
- If I make more than one contribution to super over the year, do I need multiple notice of intent forms?
- What’s the benefit of saving super into a mortgage offset account and making a contribution to super before the EOFY?
- Luke shares the steps you need to complete to make a contribution to super and claim a tax deduction.
Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’
Do you need help with end of financial year planning – the details do matter!
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week, we hope you can join us. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again. Luke’s book Smart Money Strategy is out now.
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