The 2016-17 Federal Budget announcements on superannuation have caused a lot of concern. These include: A $500,000 lifetime non-concessional contributions cap from Budget night A reduction in concessional contribution cap from 1 July 2017 The removal of the tax exemption on earnings supporting transition to retirement income streams (TRIS) from 1 July 2017 The extension … Continue reading Warning on Super Contributions
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Warning on Super Contributions
The 2016-17 Federal Budget announcements on superannuation have caused a lot of concern. These include: A $500,000 lifetime non-concessional contributions cap from Budget night A reduction in concessional contribution cap from 1 July 2017 The removal of the tax exemption on earnings supporting transition to retirement income streams (TRIS) from 1 July 2017 The extension … Continue reading Warning on Super Contributions