Tag Archives: concessional contributions

Superannuation reforms — important planning information for 1 July 2017

Significant changes to the superannuation system will come into effect from 1 July 2017. These changes will affect more than the 1% of the population initially projected by the Government in their budget address. Advisers should be taking steps now in anticipation of these changes to assist their clients’ transition to the new rules.

Non-concessional contributions

Non-concessional contributions are those contributions which are not included in the assessable income of a superannuation fund (ie, no tax deduction is claimed in respect of the contribution), and used to be known as ‘undeducted contributions’.

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