As announced in the 2012 Federal Budget, as of 1 July 2012, the Government proposes that current ETP
tax concessions only apply
Read MoreSuperannuation contributions tax to double to 30% for high income earners
In the 2012 Federal Budget, the Government announced an increase in contributions tax from 15% to
30% on concessional contributions for individuals
Read MoreDeferral of higher concessional contributions cap for individuals aged 50 and over
As at 1 July 2012, all individuals have a cap of $25,000 for all concessional superannuation contributions.
Previously people over 50
Read MoreReduction in minimum payments for account based pensions
The government has extended the reduction in the minimum payment for pensions from superannuation
accounts by 25% for 2012-13.
Pension drawdown relief
Read MoreSuperannuation trust deed clauses
The government will be introducing measures to ensure trust deed clauses cannot be used to alter the (more…)
Read MoreSuperannuation guarantee age limit – to be removed
While there has been some confusion about this measure, the government has confirmed that as of 1 July (more…)
Read MoreConcessional contribution caps
The superannuation concessional contributions cap will remain at $25,000 in 2013-14. (more…)
Read MoreSuper Co-Contribution Thresholds
On the back of announcing the Low income superannuation contributions (LISC) measures, the (more…)
Read MoreLow income superannuation contributions (LISC)
From 1 July 2012, individuals earning up to $37,000 will effectively not pay any tax on their (more…)
Read MoreCollectibles and personal use assets
As previously reported – on 1 July 2011, rules were introduced into the Superannuation Industry (Supervision) Act 1993 (SIS Act)
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