Super contributions caps to rise for under 50s…Don’t miss it!

Little reported changes to superannuation indexation means the dollar amount allowed under superannuation ‘caps’ is finally set to lift.

Key Take-Out: There will be two new limits to concessional contributions from mid-year: $30,000 for the under-50s and $35,000 for the over-50s.

Key beneficiaries: SMSF trustees and superannuation accountholders.  Category: Superannuation.

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