What's new

  • Within:
23/02/2017Working holiday makersOverview of the tax for working holiday makers.
21/02/2017Change to concessional (pre-tax) contributions capFrom 1 July 2017, the government will lower the annual concessional contributions cap to $25,000 for all individuals.
21/02/2017Change to non-concessional (after-tax) contributions capFrom 1 July 2017, the government will reduce the annual non-concessional (after-tax) contribution cap from $180,000 to $100,000 per year.
21/02/2017Change to spouse tax offsetFrom 1 July 2017, the current 18% tax offset of up to $540 will be available for any individual, whether married or de facto, contributing to a recipient spouse whose income is up to $40,000.
21/02/2017New transfer balance cap for pension phase accountsFrom 1 July 2017, the government will introduce a $1.6 million cap on the total amount that can be transferred into the tax-free retirement phase for account-based pensions.
21/02/2017Super changesThe changes to the superannuation system, announced by the Australian Government in the 2016–17 Budget, have now received royal assent. Your super is your future – check to see if you are directly affected, or what these changes may provide for you to maximise your savings for retirement.