Superannuation Caps and Pensions Rules

Modified super contribution cap and retirement rules introduced, starting from 1 July 2017.  The changes include:

The annual concessional contributions cap is fixed at $25,000, non-concessional $100,000 subject to $1.6 million limit on total super balance changes to the bring-forward rules, including transitional measures transfer balance cap: a limit of $1.6 million on the total superannuation which an individual can move to the tax-free retirement phase transition to retirement pensions excluded from the tax-free retirement phase tax-free treatment

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