2 Mar 2017
Superannuation Reform: New rules on Non-Concessional Contributions
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
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.
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