Not much is changing to the rates and thresholds for next year.
Concessional contributions cap — $27,500
Non-concessional contributions cap — $110,000
Division 293 tax income threshold — $250,000
General transfer balance cap — $1.7 million
The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.
Today’s financial environment demands a regular review of strategy and a focus on execution.
