Maximising Non-Concessional Contributions.
For most Australians, superannuation remains one of the best wealth accumulation structures from a tax perspective. Superannuation in the accumulation phases pays maximum tax of 15% on investment income, and no tax on earnings that support pension payments being made to fund members.
A number of changes are being made to superannuation from 1 July 2017 that will impact how people can maximum their super and take advantage of the tax concessions available. These include changes to the non-concessional cap and eligibility.
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