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Increased Super Contribution Cap For Over 60s

Mannions Business Services - Monday, July 15, 2013

An increased $35,000 concessional cap on super contributions applies to people aged over 60 from the 1st of July 2013. If you're over 60, now is the time to review salary sacrifice arrangements if you found the previous lower cap was restricting how much you wanted to contribute to superannuation. The increased cap also applies to people over 60 making personal concessional contributions. The concessional superannuation contribution cap for those under 60 remains unchanged at $25,000.  more here...

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