Many of the changes announced in the May federal budget have now been passed by parliament.
Contribution limits have changed from 1/7/2017
Pre-Tax contributions will be limited to $25,000 for all taxpayers.
After- tax Contributions have been changed to $100,000 per annual. With the opportunity to bring forward 3 years of contributions, making it possible to contribute $300,000 in one year.
Restrictions do apply on these contributions so please speak to us at GNS Group before making contributions.