Legislation

Higher Concessional Caps Each year you’re entitled to make super contributions. Superannuation contributions can be divid-ed into two types – concessional (before tax) and non-concessional (after tax). Concessional caps include employer contributions, even those made under salary sacrifice arrangements, and tax de-ductible input by an individual. If you have more than one fund, all of

1. ‘Deeming rules’ will apply to superannuation pensions which commence on or after the 1st January 2015. For the purpose of Centrelink pension income test, superannuation income streams aren’t current-ly subject to the same ‘deeming rules’ that apply to financial investments like shares and term de-posits. Until now, super pensions have been excluded from the

When people start a pension they take advantage of receiving a tax free income attributed to their pension balance. It’s called exempt current pension income, which includes any income from the income producing assets, such as bank interest, dividends, distributions, rental property income. When Super Fund doesn’t have any member in pension, any income plus