With the end of the 2017/18 financial year fast approaching, it is again time to consider the rules concerning contributions made to your self managed funds or other superanuation funds for this year. Following are some guidelines regarding current rules and ATO requirements
2018 Financial Year
AGE: Maximum contribution – Concessional Cap
All age groups – 25,000 per person
Employed and self employed people are now able to contribute up to $25,000 and claim a tax deduction. This $25,000 includes employer contributions and salary sacrificed amounts.
Read more: Superfund EOYcontrib 2018.pdf