The Client’s Challenge
A new client engaged Intrepid Wealth for financial planning advice. While preparing their strategy, we identified a time-sensitive opportunity that could make a meaningful difference to their long-term superannuation position.
The client still had remaining non-concessional contribution cap available for the current financial year. We also identified that they may be eligible to access the bring-forward contribution rules in the following financial year.
However, there was an important complication. The client’s existing superannuation balance was made up of a 100% taxable component. This meant careful planning was required to avoid mixing contribution components in a way that could compromise the tax-free status the new funds.
With 30 June fast approaching, waiting until the full Statement of Advice was finalised may have meant the client missed the opportunity to act in time.
Our Solution
Intrepid provided clear, timely guidance to help the client:
- utilise their remaining non-concessional contribution cap before 30 June;
- preserve eligibility to use the bring-forward rules in the following financial year;
- segregate funds appropriately to avoid unnecessarily mixing taxable and tax-free components; and
- protect the intended tax-free status of their non-concessional contributions.
This proactive approach allowed the client to take advantage of available contribution opportunities without compromising the structure of their superannuation benefits.
The Outcome
The client acted on the recommended steps before the financial year deadline and was extremely satisfied with Intrepid Wealth’s forward thinking and initiative.
By identifying the issue early and providing timely strategic advice, we helped the client make the most of their superannuation contribution options while maintaining a tax-effective structure for the future.
