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Showing 1 - 10 of 99 results for "contribution caps"

Almost half of Aussies not making voluntary super contributions

VINNY VUCAGO  |  THURSDAY, 4 JUN 2026
... remain unaware of one of the system's more flexible features, the ability to carry forward unused concessional contribution caps from previous years. "Many Australians assume that if they miss contributing to one year, that opportunity is lost. But the ...

Rest faces scrutiny over alleged super reporting error

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... alleged misreporting could have significant tax consequences for his client, including the risk of breaching contribution caps. According to Marsh, the fund reported contributions under his client's name despite there being no existing account or ...

Chartered accountants should be allowed to provide advice: CA ANZ

MATTHEW WAI  |  MONDAY, 2 FEB 2026
... advice without additional licensing requirements. It also suggests that the government replace the annual super contribution caps with lifetime caps and discontinue the Better Targeted Superannuation Tax Concessions policy. Meanwhile, in the longer term ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... whether to move funds back to accumulation phase beforehand in order to get the benefit," he said. Meanwhile, contribution caps are determined by a different measure, the average weekly ordinary time earnings (AWOTE), which is set to be released next ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... reserve is then allocated to the former recipient, it will be exempt from both concessional and non-concessional contribution caps. The draft regulations, which expand on and support implementation of the 2021-22 Budget measure to allow individuals to ...

Proposed super tax requires perspective: Expert

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... working and saving left, she pointed out. A 35-year-old today, for example, is dealing in a different world of contribution caps to a 65-year-old as contribution caps are much lower and there are now limits on non-concessional contributions. While it ...

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
Superannuation contribution caps will go up on July 1, after the Australian Bureau of Statistics reported an increase in average weekly ordinary time earnings (AWOTE). The ABS reported the AWOTE rose 4.5%, seasonally adjusted, in the year to November ...

Young Aussies flock to SMSFs

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... resulting from several factors including downsizing contributions, rebalancing strategies, the indexation of contribution caps, and the removal of the work test for people under the age of 67. SMSF members appear to be enjoying tax-free earnings in retirement ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... accordingly. "They should be making the most of current superannuation rules, including those pertaining to contribution caps and indexation of caps, transfer balance and total super balance caps," he said. Despite the constant change within the SMSF ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... problematic for SMSFs. "These [accumulated capital gains] have not been impacted to a great extent by changes to contribution caps as the increase in account values has been driven by capital gains rather than contributions," ASFA said. As previously ...
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