Top 23 Budget Superannuation & Tax Changes – and what that means for you
The Federal Budget 2016 proposes important changes to the tax and superannuation rules. Be aware of how these changes may impact you!
By the end of the book, this is what you will know:
- Concessional contributions limits and reductions
- Tax deductions for personal superannuation contributions
- Lifetime caps on non-concessional contributions
- Removal of the ‘œWork Test’
- $1.6 million cap on superannuation pensions
- Impact on defined benefit schemes
- Reduction in personal income tax rates
- Much more’¦
