There are number of changes in the May 2016 Budget affecting superannuation: The Division 293 contributions tax threshold has been reduced from $300k to $250k from 1 July 2017. This is the point at which 30% is paid on concessional contributions instead of 15%. Concessional contribution will be capped at $25,000 for everyone from 1 July 2017. … Continue reading May 2016 Budget – changes for superannuation