Budget confirms change to limits on concessional contribution from 2012
DBS Accountants & Business Advisors
Business, Tax Accounting, Taxation
The 2011 Budget has confirmed that from 2012, the maximum concessional super contribution over 49 year old taxpayers can make, will be reduced to $25,000 PA in line with under 50 taxpayers.
Accounting & Tax Services
This means you have only 2 more years to go to enjoy the $50,000 limit.
We strongly recommend that you consider your personal circumstances and perhaps consult with your financial advisors, and if appropriate utilise the $50,000 limit to full.
Contributing to your super fund not only has huge tax benefits, it is also a great way to save for your retirement.
, Accounting Advice
, Business Accountants
, Business Planning
, Self Managed Super
, Self Managed Super Funds
, Tax Accounting
, Tax Advice
, Tax Planning
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