Discussion in 'Superannuation, SMSF & Personal Insurance' started by austing, 25th Sep, 2016.
Use it or lose it! - TheDunnThing
This is only when nearing retirement age right?
Any idea if I can suddenly contribute 180k instead of 30k this year? (I'm in my 30s).
Note the following relates to non concessional contributions (after tax) not concessional contributions (before tax). I think you're confusing the two. Currently concessional contributions for your age is $30K. Next year it will reduce to $25K.
No not nearing retirement age, anyone under 65 generally.
My amateur understanding is that this financial year is the last opportunity for you to contribute $180K or $540K NCC's using the 3 yr bring forward rule. From next financial year the $1.6 Mil limit will kick in and annual NCC of $100K or $300K using the 3 yr bring forward rule. My previous posts detail different scenarios and complications.
i am in my early 60s , but i bet it changes ( at least once ) in the coming week as well
talk about rubbery figures
surely Mal and the minions aren't lining us up for another election ( but they are bashing Pauline like that is the plan )
You are right - I was confusing the two
A further downgrading of the concessional status doesn't help - ive got a commercial property in SMSF settling January 2018... gonna be tight for finance! (180k non concessional will be plenty)
i have no idea if you are confused , but i am getting that way
i spotted two other articles elsewhere ( but from accredited advisors/professionals )
both had a different understanding again .... or was based on a different set of changes ( early or later revisions or additions .)
and considering folks are supposed to PLAN the future with this constantly spiralling mess , how can there
since Bill Shorten has complained he can't live on $300,000 a year how about we use his super plan as a starting point ... he is a non-practising lawyer surely his scheme would stay inside the legal boundaries
no use asking the PM .. he has off-shored his scheme to a bunch in Panama.
considering the government is trying to abandon the Age Pension ( all planned under John Howard ) and transition us into self-funded retirees , they are making a MESS of it .
and you are correct folks just don't liquidate your assets with a single phone call ( unless you are a banker at MacQuarie )
and expect industry to ask further tough questions and push for sensible outcomes
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