Latest Accounting News

Catch-up Contributions

July 2019 sees the introduction of the new catch-up contribution rules, which allow people with less than $500,000 in super to make extra concessional contributions up to their previously unused $25,000 annual cap.

       

 

So, if $10,000 went into your super last financial year, this financial year you could put in $25,000 plus last year’s unused $15,000.

However, take care!

The rules only apply to unused contribution caps starting from the 2018-19 financial year. 

There are many eligibility and threshold tests throughout the superannuation system.

So, obtain advice and consider regular conversations about life insurance, superannuation, retirement, etc.

 

 

AcctWeb

Use this to send us your files securely

30 Rowan Street, Wangaratta VIC 3677
Phone 03 5721 6766
Fax 03 5721 6584
Email enquiry@obts.com.au
ABN 85 922 198 593