Super rules what's changed and how does it effect you
http://cornerstonewealth.com.au/2016S...
http://www.christiansuper.com.au/
Gavin Martin, Financial Adviser with Cornerstone Wealth, explains the superannuation changes that have been legislated November 2016, including:
1. Non concessional or personal contribution thresholds
2. Concessional contribution thresholds
3. Spouse contribution rebate threshold increase
4. Personal tax rate changes
5. Division 293 tax changes
6. Removal of the 10% rule to make contributing to super more flexible.
7. Pre tax (concessional) contribution catch up
8. Axing of the $500,000 lifetime non concessional contribution limit
9. $1.6million superannuation contribution limit for non concessional contributions.
10. $1.6m limit on transfers to the pension phase of superannuation
11. Earning in Transition to Retirement pension being taxed at 15% rather than being tax free.
12. Anti-detriment death benefit provision removed
Disclaimer
Gavin Martin and Cornerstone Wealth are Authorised Representatives of Lonsdale Financial Group Ltd ABN 76 006 637 225 | AFSL 246934
The content of this presentation is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this presentation, you should assess your own circumstances or seek advice from a financial planner and seek tax advice from a registered tax agent. Information is current at the date of issue and may change.
© Cornerstone Wealth 2016. All rights reserved. No part of this presentation may be reproduced in any form without the prior permission of the copyright.