A last opportunity to maximise the higher NCC cap.
Non Concessional Contribution – After Tax dollars.
Boosting your retirement savings with non-concessional contributions (NCCs) can help you achieve your retirement goals. Cash in Bank, Windfall, Inheritance, Property Sale, etc.
However, from 1 July 2017, changes to superannuation rules may impact on your ability to make NCCs.
We have a detailed understanding of these changes and can help you maximise your NCCs before 1 July 2017, and ensure you remain under relevant caps going forward.
- Upcoming changes to the NCC rules;
- What’s changing from 1 July 2017;
- Reduced annual NCC cap;
- Eligibility changes referring to total super balance and general transfer balance cap;
- Government co-contribution linked to the annual NCC cap and/or total super balance.
Reduced annual NCC cap – The annual NCC cap reduces to $100,000 (from $180,000) and the maximum bring forward cap is lowered to $300,000 (from $540,000).
Eligibility changes – Individuals must have a total super balance less than the general transfer balance cap on 30 June of the previous financial year to be eligible to make NCCs in the relevant financial year. This criterion is to be met in addition to the existing age and work test requirements.
The List goes on .. .. .. For more information –
Phone John on 0412 979 776; or Vicki on 08 6263 6796
Or phone Sandy in the office and arrange to come in for a coffee and chat 08 6263 6799.