Federal Budget May 2016 announcement |
Proposed changes announced 15 September 2016 |
Non-concessional (post-tax) contributions |
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Effective date: 3/5/2016 |
Please note; for the 2016/2017 financial year the current rules apply. Individuals can make non-concessional contributions of $180,000 per year or $540,000 using the three year bring forward rule years for individuals under age 65. |
Eligibility to contribute |
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Effective date: 1/7/2017 |
Please note, to meet the work-test, a person must be gainfully employed for at least 40 hours over a 30 consecutive day period. |
Allowing catch-up concessional (before-tax) contributions |
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Effective date: 1/7/2017
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