Visit our FULL SITE to order Print or eTextbooks Despite ongoing reforms, superannuation remains a tax effective investment structure to achieve wealth creation and retirement objectives.
To guide clients through the maze of tax, superannuation and social security provisions, accountants and other professional advisers need a working knowledge of the latest changes.
Current to 1 July 2021, the Australian Superannuation Handbook 2021-22 is an essential companion for tax practitioners to help comply with the latest superannuation regulatory requirements.
The superannuation contributions caps have increased from 2021-22 providing extra scope for contribution strategies. The concessional contributions cap has increased to $27,500, while the non-concessional cap is $110,000 from 2021-22 (or $330,000 under the bring-forward rule over 3 years). The total superannuation balance threshold for making non-concessional contributions has also increased to $1.7m.
