Non-Concessional Contributions (no tax deduction)

1 July super changes

What’s changing on 1 July 2018? Superannuation Event-based reporting for SMSFs – A new reporting regime commences for SMSFs. All SMSFs must report events that affect their members’ transfer balance accounts (for example, when an SMSF member first starts to receive a pension from their fund). Timeframes for reporting are determined by the total superannuation balances of the SMSF’s…