June 2025 - Redwood Advisory SMSF

SMSF Contributions Strategy 2025

June 6, 2025

The superannuation contributions caps for concessional and non-concessional contributions will remain the same for the 2026 financial year. The Superannuation Guarantee Charge (SGC) rate will increase to 12% Concessional Contributions From 1 July 2025, concessional contributions will remain at $30,000. In order to claim a tax deduction for a concessional contribution it is important…

RBA May 2025 Interest Rate Update

By: Ivan Filipovic

June 6, 2025

Great news this month! The Reserve Bank of Australia has finally decided to give our wallets a little breather and cut the official cash rate by 0.25%, bringing it down to 3.85%. Cue the collective sigh of relief from mortgage holders everywhere! We look forward to your lender passing on these cuts to your mortgage.…