Super-Your 2017/18 Guide & making the correct contributions

Substantial changes to the superannuation rules took effect from 1 July 2017: have you investigated how the super changes will affect your superannuation and retirement plans for the 2017/2018 year, and for future financial years?  It is also very important to ensure that you make the correct super contributions.

At the same time, many of the super rules in place have not changed from previous years, for example, the rate of compulsory employer super contributions that must be paid remains at 9.5%, and tax-free super for over-60s is still available (up to a limit, and excluding many retired public servants).

A summary of the latest superannuation changes, which took effect from the start of the 2017/2018 year, is set out below. You can read more detail on each super change by clicking through to supporting articles.

https://www.superguide.com.au/retirement-planning/july-2017-super-changes