Super changing from 1 July 2017, below are some quick links in regard to Contributions
The ATO states the following:
“These changes are designed to improve the sustainability, flexibility and
integrity of Australia’s super system.Your super is your future – check
to see if you are directly affected, or what these changes may provide for
you to maximise your savings for retirement”.
“Detailed information is available to help you understand the changes,
including for some topics, law companion guidelines to provide certainty
about how the changes will be administered.
While you may not be affected by the changes now, it’s important
to be aware of the changes for your future. If you think you are affected
or may be in the future, consider seeking financial advice”.
Change to personal super contributions deductions
New low income super tax offset contribution
Change to Division 293 income threshold
Change to non-concessional contributions cap
Change to concessional contributions cap
Change in eligibility for co-contributions