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20 Apr 2017

Superannuation Reform: How much is enough?

According to the ATO Tax Commissioner there are 2,500 funds in superannuation with assets over $10 million of which 6 have a balance over $100 million.

The fact that the returns on these assets attract a maximum 15% tax or less if the member is in the pension phase of superannuation is the reason for the new maximum cap levels that will apply from 1st July 2017.

However individuals (if under age 65) still have time to make a $180,000 non-concessional contribution into superannuation or to trigger the 3 year bring forward provision and contribute up to the maximum $540,000 into superannuation before the new changes come into effect.


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.

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