Wealth

Superannuation Changes

By September 19, 2016 September 6th, 2019 No Comments
Superannuation Changes

The Government has provided a further update of the proposed $500,000 lifetime non-concessional (after tax) contribution cap from the 2016/17 Budget.

At this stage the Government is now likely to scrap the idea of a lifetime limit and reduce the maximum yearly after tax contribution limit to $100,000 (down from $180,000).

It appears the new proposal will retain;

  • the 3 year bring forward provision
  • the work test for over 65’s
  • Prohibit further after tax contributions for individuals with a balance of more than $1.6m in super.

Please keep in mind that this proposal has not been legislated and we suggest will still have changes to come.


If you have any queries regarding this, please don’t hesitate to contact our Wealth Advisor, Ben Seeger at HTA Advisory.

HTA Wealth

HTA Wealth

HTA Wealth Pty Ltd is a Corporate Authorised Representative of Akambo Pty Ltd t/a Akambo Private Wealth ABN 16 123 078 900 AFSL 322056. Principal address: Level 14, 379 Collins Street Melbourne VIC 3000. Akambo Pty Ltd t/a Akambo Private Wealth AFSL 322056 General Advice Warning: This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information. Investment Performance: Past performance is not a reliable guide to future returns as future returns may differ from and be more or less volatile than past returns.

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