The ATO has notified us that the tax rates are changing from October 1, 2016.
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With the Government abandoning it’s policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional contributions you can now make to superannuation? Non-concessional contributions are contributions that are made to super from after-tax income or savings. Instead of going forward with its proposed $500,000 lifetime cap on after-tax contributions,
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The Federal Government has dropped its $500,000 superannuation cap measure. In a move aimed at placating the Coalition back-bench and ensuring the passage of the Government’s broader superannuation package through the Parliament, Treasurer Scott Morrison confirmed the changes to the cap measure today. The Treasurer said the $500,000 lifetime non-concessional cap will be replaced by
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