The Budget made some significant changes to Superannuation. This month saw the Government announce further changes. We have provided some clarification on the implications
The $1.6 million pension cap
Lifetime non-concessional contributions cap of $500,000 Replaced with a reduced Non Concessional Contribution Limit
Reduction in Concessional Contributions cap to $25,000
Catch up concessional contributions
Tax deductible personal contributions
$300,000 threshold for higher
