Tag Archives: reforms

Super Reforms passed

The 2016-17 Federal Budget proposed major super reforms have been passed by both houses of Parliament.

Once they receive Royal Assent the major changes include from 1 July 2017:

  • $1.6 million balance transfer cap
  • Div293 tax income threshold reduced to $250,000
  • Concessional contribution cap reduced to $25,000
  • Non-concessional contribution cap to be $100,000
  • Removal of the 10% rule for deductible personal concessional contributions

Now we have some certainty, its time to start planning. If you are a current, or even a potential client call me for planning opportunities.

Detailed analysis to come