Super Changes 1st July 2017

On the 1st July 2017 the governments changes to superannuation will come into effect.

Some of the significant changes include:

1. Concessional contributions for each year will be reduced;

2. Reduced limits (and in some cases prohibition) on non-concessional contributions;

3. A limit on "pensions" balances;

4. The Taxation of earnings on balances transferred from "pension" to "accummulation"; and

5. Capital Gains Tax implications.

For more information regarding the changes to superannuation contact Robinsons Chartered Accountants today.


Wednesday, 08 March 2017
Group: General
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