Now is the time to make non-concessional (after tax) Superannuation Contributions before 30th June 2017!!

If you have been thinking about making Superannuation Contributions, now is the time to do it!

Take advantage of the current $180,000 after-tax contributions cap and the $540,000 bring-forward cap before 30th June 2017.

From 1st July 2017, the non-concessional Contributions cap will drop dramatically to $100,000 per annum and $300,000 bring-forward cap. That is a dramatic difference to the $540,000 bring-forward cap prior to 30th June 2017. Also note that if your Superannuation balance total is equal to or more than $1.6 million, you will not be able to make non-concessional Contributions from 1st July 2017.

If you would like some assistance from a Tax Professional and would like to organise an appointment for Tax Advice, please contact us on (02) 4731 1405.

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