On 1 July 2014 the cap limits for superannuation contributions were increased, allowing you to contribute more into superannuation before penalties are applied. Concessional contribution caps apply to employers’ compulsory super guarantee contributions, voluntary salary sacrifice contributions and to personal deductible…
According to Federal Treasurer Joe Hockey, “the economy is growing at less than normal speed and the time to fix the budget is now.”
Non-Concessional Contributions Non-concessional contributions are generally personal contributions for which you do not claim a tax deduction. As with Concessional Contributions, there are also Non-Concessional Contributions Caps (NCCC) for each financial year. For the current 2010-11 year the NCCC amount…
