The government has recently legislated the biggest reforms to super in 10 years. The new rules will come into effect on 1 July 2017 and may have a significant impact on your retirement planning and goals.
You have one last opportunity to maximise your super savings before the new rules apply
Until 30 June 2017 you have one last window of opportunity to maximise your non-concessional contributions to super under the current rules, which means you may be able to contribute up to $540,000 under the three-year bring forward provision, but this is your last chance.
On 1 July 2017 the non-concessional contributions limit will be reduced – and not only will the limit be capped at $300,000 over three years, but if you have more than $1.6 million in your super, you won’t be able to make any additional non-concessional contributions at all.
It’s important to reconsider your contribution strategy right now
You might not have been planning to make a large contribution to your super this year, but if you don’t act before June you could miss your final chance to provide a significant boost to your long-term retirement savings. If you have money in a bank account or term deposit, or are thinking about selling an asset and putting the money into super – now is the time to seek advice.
Ultimately, making additional contributions won’t suit everyone, however it’s worth taking some time to consider whether you might benefit from acting on this limited opportunity.
The super changes present a number of complex scenarios, and that’s where our super experts service could help. To understand how we can help you, take advantage of our free retirement consult – our experts will highlight the changes you need to be aware of and help you understand what they could mean for your future retirement savings.
Book your free SMSF consultation*
During your obligation free consultation, you will meet with one of our experienced directors who will share how we partner with clients to help them achieve their retirement goals.
You will be able to discuss:
- how the new super rules may affect your super
- our award-winning supported super services
- any queries you may have.
To take advantage of this offer, call 1300 852 017 to speak to one of our directors or fill in the form on this page and we will contact you soon to organise a meeting.