The Federal Government has now passed the superannuation changes originally announced in the May Federal Budget, claiming it will save close to $3 billion. The changes to the superannuation system are extensive and include:
- Concessional and Non-Concessional Contribution Cap
- Personal Deductible Contributions
- Catch-up Concessional Contributions
- Transition to Retirement Income Streams
Below are the key changes that may affect you. As most will take affect from 1 July 2017, now is the time to review your superannuation strategy. If you would like our assistance, please do not hesitate to get in touch.
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