Latest News from Newealth

2 Mar 2017

Superannuation Reform: New rules on Non-Concessional Contributions

From 1 July 2017 the non-concessional (after tax) contribution limit reduces from $180,000 year to $100,000 per financial year and subsequently the 3 year bring forward provision reduces from $540,000 to $300,000.

That means that time is fast running out for individuals (if under age 65) to still make a $180,000 non-concessional contribution into superannuation or trigger the 3 year bring forward provision and contribute up to the maximum $540,000 into superannuation this financial year.

WARNING, these comments do not constitute Personal Advice and conditions apply.


At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.

Share this post