Personal Superannuation Contributions - 10% rule repealed
With the end of the financial year fast approaching, it is the perfect time to start thinking about your income tax deductions.
Under the new Government changes to super, effective 1 July 2017, the 10% maximum earnings condition for personal superannuation contributions was removed from the 2017-18 and future financial years. This Insight Papers details how this change may affect you and your fund and what you should be reviewing before the end of the financial year to allow you to maximise your personal superannuation contributions.
We recommend that you gain the advice of an SMSF Specialist when making decisions regarding personal superannuation contributions, before the end of the financial year. To find your nearest SMSF Specialist, use our Find a Specialist function.