The new financial year has started and with it has come several changes and opportunities to consider.
What are the changes and what does they mean for you?
Superannuation is ever evolving and here are some key take outs for the year ahead:
• Contribution changes – 10% compulsory Super Guarantee, increased contribution caps for both concessional and non-concessional contributions.
• Income streams – minimum pension requirements have halved and the amount from which an eligible member can commence an income stream from has increased to $1.7million.
• SMSFs can now have up to 6 members.
Are you aware of these changes and how they may impact you?
Sharon Gdanski our Director, Superannuation is an expert in self-managed super funds and is available to assist you in reaching your retirement goals.
Contact Sharon Gdanski: firstname.lastname@example.org
Read more about Super changes in the year ahead: