As announced in the 2011 Federal Budget, the Government will increase the concessional contributions cap by $25,000 to $50,000 for those aged over 50 and with a fund balance below $500,000. This will apply from 1 July 2012.
** Update – Please note that as announced in the 2012 Federal Budget, this measure has been deferred until 1 July 2014.
1300 659 589
PO Box 105 Bentleigh VIC 3204
If you would like to have an initial consultation about your SMSF requirements, please get in touch.