Salus Private Wealth Logo

Latest News

Time to start planning for stage 3 tax cuts: technical manager

Advisers should start planning how to take advantage of the stage three tax cuts due to come into force next year, says a leading technical expert.


Craig Day, head of technical services, said in the latest FirstTech podcast that there are going to be planning opportunities that will arise from the stage-three tax cuts such as bringing forward eligible tax deductions in the current financial year and delaying events that can trigger higher assessable income into a future financial year.

“One way we can bring forward deductions is making personal deductible contributions, and potentially using the carry forward concessional contribution rules in this year rather than in the next year,” he said.


Linda Bruce, a senior technical services manager, said it’s important to consider the timing of using carry-forward contributions to ensure they are the most tax-effective.

“From a timing perspective, it's important to remember that any unused concessional contributions cap amount accrued in a financial year can only be used in the following five years before it expires,” Ms Bruce said.

“The carry-forward concessional contributions measure commenced in 2018-19 financial year. If you count the five financial years following the 2018-19 financial year, you find that this financial year is the last year an eligible client can use the carry forward unused concessional contributions amount accrued in 2018-19.”

Mr Day said to use the carry-forward concessional contributions, the client’s total super balance on the last day of the previous financial year must be less than $500,000.

“If they're starting to get close to that $500,000 threshold, this financial year may be their last opportunity to utilise these carry-forward amounts,” he said.

“It's not only those amounts accrued in 2018-19, but also in the following years. Subject to a client’s taxable income, they might want to try and get in as much as they can in this year because once their total super balance passes the $500,000 threshold, unless they come back down again at some point in the future, then they’ve lost the ability to use these carry forward concessional contributions.”

Ms Bruce said that the stage three tax cuts will commence on 1 July 2024, which means many clients will have higher disposable income from the next financial year. It is important for advisers to start talking to their clients about potential opportunities to salary sacrificing additional amount to super or make additional personal deductible super contributions strategies from the next year, she said.

“On or after 1 July 2024, there may be extra cash flow that could potentially be used for salary sacrifice, or the client may re-direct that money into superannuation as personal deductible contributions or non-concessional contributions which would make a big difference to their retirement savings over the next five to 15 years,” Ms Bruce said.

“You really want to set that up and get that going right from the first day because human nature is that once you get used to that level of disposable income, and your expenditure rises to meet it, it is hard to then make the change to save it,” she said.




Keeli Cambourne
09 January 2024

Louise Laing

Louise founded Salus Private Wealth to offer high quality personal advice to clients who want to work closely with an adviser for the long term. Her philosophy that understanding each individual and their motivations and needs is key to an enduring and successful financial planning relationship is at the heart of the business.

She first engaged the services of a financial adviser herself when she was in her early 20s (long before becoming one) and believes the non-judgemental support and education about her position and options provided at this early stage has allowed her to make confident decisions in different aspects of life since then.

This confidence and positivity in making choices, financial or not, is what she wants to give to her clients.

Superannuation & Retirement

Superannuation is one of the largest and longest duration investments most people in Australia have, making it a critical part of long-term planning even if retirement feels like a distant objective. For those in the lead into retirement, we design strategies so you have peace of mind that when you start to draw on your retirement savings, you have liquidity and stability to support that.

Legislation and rules are changed regularly, so advice can help you take advantage of opportunities to build for the future. We are authorised to provide advice on and to SMSFs.

Contact us today to discuss how we can work together: (02) 8044 3057 or email us at


Protecting your wealth, lifestyle and family is high on the priority list for many clients and this is an area of advice need that can change very quickly. Ensuring you have the cover you need can give peace of mind that what’s important is taken care of in the event of illness, injury and death, but we also make sure over time you are not paying for cover you no longer need.

Contact us today to discuss how we can work together: (02) 8044 3057 or email us at

Estate Planning

While talking about death doesn’t seem like a particularly appealing prospect, it’s a topic we see as a vital part of financial planning. Importantly, it’s a topic for every adult, regardless of their stage in life. Without a proper estate plan assets may not be passed where you’d like them to go, family conflict can ensue, and in the event you lose capacity there may not be an authority in place for the person you would choose to make those decisions for you to do so. While it can be an uncomfortable subject, we are experienced in facilitating these conversations as part of our advice process.

Contact us today to discuss how we can work together: (02) 8044 3057 or email us at

Strategic Debt & Cashflow

Managing debt efficiently can have a material impact on your financial wellbeing and lifestyle. Having a solid plan to understand where your money goes and manage cashflow and debt can eliminate stress and set you on a positive path toward achieving your goals.

Contact us today to discuss how we can work together: (02) 8044 3057 or email us at


Once we have a clear understanding of what we are aiming for and how you feel about taking on investment risk, we can help direct your funds into appropriate investments to meet your goals. This includes recommending the investment structure, consideration of tax implications, asset types, and putting together a suitable blend for you. You will have transparency of and access to view your investments, providing security.

Contact us today to discuss how we can work together: (02) 8044 3057 or email us at

Aged Care

Aged care needs can arise suddenly. The complexity of managing this can be a significant challenge at a time when your focus should be on the person requiring care. We can assess the alternative funding options to ensure you make an informed choice in the best interests of the person requiring care.

Contact us today to discuss how we can work together: (02) 8044 3057 or email us at

Tax Diary

General Calculators


Financial Videos

Secure File Transfer

Secure File Transfer is a facility that allows the safe and secure exchange of confidential files or documents between you and us.

Email is very convenient in our business world, there is no doubting that. However email messages and attachments can be intercepted by third parties, putting your privacy and identity at risk if used to send confidential files or documents. Secure File Transfer eliminates this risk.

Login to Secure File Transfer, or contact us if you require a username and password.

General Disclaimer

Website Disclaimer

The Trustee for Laing Weaver Family Trust T/A Salus Private Wealth (Corporate Authorised Representative No. 1305571) and all our advisers are Authorised Representatives of Sambe Investments Pty Ltd T/A Finchley & Kent, Australian Financial Services Licence No. 478766, ABN 67 078 995 856, and has its registered office at Three International Towers, Level 24, Tower 3, 300 Barangaroo Avenue.

Sambe Investments Pty Ltd Australian Financial Services Licence applies to financial products only. Please note that Property Investment, Tax & Accounting, Mortgages & Finance are not considered to be financial products.

Disclaimer: The information contained within the website is of a general nature only. Whilst every care has been taken to ensure the accuracy of the material, The Trustee for Laing Weaver Family Trust T/A Salus Private Wealth and Sambe Investments Pty Ltd T/A Finchley & Kent will not bear responsibility or liability for any action taken by any person, persons or organisation on the purported basis of information contained herein. Without limiting the generality of the foregoing, no person, persons or organisation should invest monies or take action on reliance of the material contained herein but instead should satisfy themselves independently of the appropriateness of such action.