On 1 July 2017 the maximum amount a member can contribute to their super fund each year non-concessionally (i.e. no tax deduction) will decrease from $180,000 to $100,000. Currently, a member can make a so-called “non-concessional” contribution (NCC) of either $180,000 or $540,000 (an advance contribution covering the next three years, triggering the so-called “bring […]
non-concessional contribution
Transitional measures for the $500,000 cap
It seems (based upon a response to a question posed during the course of the campaign) that the Government will introduce transitional measures in relation to this $500,000 cap. The transitional measures will apply in two situations. The first situation is where a super trustee had entered into a contract of sale before 3 May […]
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