Budget Archives

Category: Budget

What Contributions Can Be Made To Superannuation Funds?

Written on April 22, 2024. Posted in Blog, Budget, Employers, Government Payments, Tax.

As retirement looms, ensuring a comfortable and secure future becomes a top priority for many individuals.

One essential aspect of this preparation is maximising superannuation contributions. With the right strategies, you can harness the power of compounding interest and investment growth to build a substantial nest egg in your superannuation for your golden years.

What Does The Non-Concessional Cap Increase Mean For You?

Written on May 18, 2021. Posted in Budget, SMSF.

The Federal Budget dropped on Tuesday, 11 May, with many announced amendments and changes that affected the superannuation and SMSF sectors. Non-concessional contributions increased maximum limits were announced and would come into effect as of 1 July 2021, increasing the cap from $110,000, up from the previous cap of $100,000.