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The New Daily

Business

Craig Sankey

This is what you need to know about concessional super contributions

ATO Craig Sankey

Australians have a concessional super contributions cap of $27,500 a year. Photo: Getty

Question 1: Hi, I am 61 and plan to retire at 67. I currently have $250,000 in super and contribute $25,000 before tax and will commence adding $300 per fortnight after tax from July 1.

My question is, can I claim a tax deduction for the after-tax contributions?

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