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A Word to the Wise

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There is noise from various quarters that the May budget will contain some changes relating to Superannuation especially surrounding the scope to make contributions.

Changes announced in the budget are almost always effective immediately.

This is pure speculation at this stage but if you were contemplating making a contributions of

  • up to $150,000 non concessional (undeducted) or
  • a $450,000 non concessional 'bring forward' or
  • a $50,000 concessional (deductible) or
  • $100,000 concessional if you are over age 50

then acting before budget day might be a sensible move.

Please Note: This commentary is for general information only and should not be construed as tailored advice. It is the ‘house view’ of The BKO Group and should not be acted upon without further discussion with us.

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