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    Contribution Caps Changes 2017 & 2018

    If you are aged 65 or over you must satisfy a work test to make acceptable contributions. Concessional contributions are employer contributions, salary sacrifice and personal contributions claimed as a tax deduction by a self-employed person or an investor.  From 1 July 2017, you can claim a tax deduction for eligible personal contributions up to the

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    Other Contribution Changes 2017 & 2018

    Div293 Tax for High Income Earners If your income is higher than the Div293 threshold the ATO will send you an assessment with an additional tax of 15% on your concessional contribution.  You can choose to pay it with your own money, or to use a release authority form to pay it from your superfund.

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    Super related tax offsets 2017 & 2018

    Low Income Superannuation Tax Offset If you earn less than the $37,000 you are entitled to a refund of contributions tax paid on concessional contributions, up to a limit of $500.[1] Adjusted Taxable Income Maximum Offset Tax Refund on Concessional Contribution   ≤ $37,000 $500 15% Spouse Superannuation Tax Offset You can claim an 18%

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