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Concessional and non-concessional contribution caps

Series2: What changes on 1 July 2021? - Concessional and non-concessional contribution caps From 1 July 2021, the superannuation contribution caps will increase enabling you to contribute more to your superannuation fund (assuming you have not already reached your transfer balance cap). The concessional contribution cap will increase from $25,000 to $27,500. Concessional contributions are

2021-06-23T05:01:47+00:00June 11th, 2021|Categories: Accounting News, ATO Update, Financial News, Superannuation|Tags: , |

Super guarantee rate increase to 10%

Series1: What changes on 1 July 2021? - Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% - the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not

2021-06-23T05:03:03+00:00June 9th, 2021|Categories: Accounting News, ATO Update, Financial News, Superannuation|Tags: , |
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