Reminder – Super changes apply 1st July 2017

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Reminder – Super changes apply 1st July 2017

July 1 is fast approaching. Are you ready for the new super changes?

Overview of changes…

  • Reduction of concessional (pre-tax) contributions cap to $25,000 per annum
  • Lowering the non-concessional (post-tax) contributions cap to $100,000 per annum
  • Low income super tax offset
  • Spouse tax offset
  • Personal super contributions deduction
  • Introducing a transfer balance cap of $1.6M for pension phase accounts
  • Carry-forward concessional contributions of unused caps over five years
  • Co-contributions
  • Reduction of Division 293 income threshold to $250,000
  • Removal of anti-detriment payment
  • Innovative retirement income stream products

Take the weight off your mind and start planning asap so that all necessary actions are in place well before July.  For further information, see ‘Related Links’ below, or contact Adam Passwell via email or (02) 4455 5333.

Hales Douglass New Super Changes Blog
ATO super changes short video & info
ATO super changes for SMSFs

By | 2017-05-19T16:32:43+00:00 May 19th, 2017|Categories: Blog, Featured, Financial Advice, SMSF|Tags: , , |

About the Author:

Adam Passwell
Adam has a strong educational background with a double major degree in Economics and Business Law from Macquarie University. Adam is a Financial Adviser and SMSF Specialist Adviser and uses his in-depth technical knowledge to help achieve great results for clients in a vast array of strategies that many would never have known existed if they hadn’t sought quality advice.Contact Adam via email or call 02 4455 5333.