Concessional Contributions (tax deductible)
The concessional annual contribution caps have been reduced The new rules are as follows: Up to 30 June 2017 : <49 at 30/06/2016 = $30,000 and >49 at 30/06/2016 = $35,0000 From 1 July 2017: $25,000 for all individuals regardless of age Individuals with balances of $500,000 or less will be able to accrue any…