Pick your concession From 1 July this year, if you are an employee, you may now have a choice of two ways to make a tax concession contribution to your super. What’s changed? Prior to 1 July 2017, if you earned more than 10% of your income from eligible employment, you could not make personal […]
New contribution opportunities New super rules that took effect on 1 July this year have created new contribution opportunities to super. Consider making personal deductible contributions Prior to 1 July 2017, if you earned more than 10% of your income from eligible employment, you could not make personal deductible super contributions (PDCs). This ‘10% income […]
“If you have a spouse and have (or are likely to have) more than the $1.6 million super cap, there are things you can do to improve your situation when you retire.” The $1.6 million super cap From 1 July 2017, there is a limit on how much super you can transfer to ‘retirement phase’ […]
