In this blog post, we discuss the Bring Forward rule. This is the first of 3 articles on this topic. The second and third articles will be posted next financial year. I hope you can handle the suspense!
Suppose a client wants to get as much money into super as quickly as possible. What do you advise them? The lemon will tell them to contribute $450,000 ASAP in all circumstances. The Lime, in contrast, will think more strategically. In June, for example, the Lime will advise the client to contribute $150,000 now, then another $450,000 in July. This enables the client to contribute a total of $600,000 into super in the space of 1 month.
Here is yet another example of how you can differentiate yourself from other advisers by providing client focused advice.
As always, feel free to contact us today - we can show you other simple ways to provide a better SMSF proposition to your clients.