Collins & Co Wealth Management Newsletter – April

It’s April already and as we head back to work after Easter, we hope you enjoyed a peaceful and relaxing holiday weekend.

As we approach the end of the financial year, this month may be a good time to turn your focus to boosting your superannuation and kick your retirement planning strategies into high gear to take advantage of new and increased superannuation contribution caps.

From 1 July 2024, concessional contributions will increase from $27,500 to $30,000 while non-concessional contributions jump from $110,000 to $120,000, providing opportunities for extra retirement savings.

As always, if you have any questions, don’t hesitate to get in touch.