Superannuation Cap – Part 2

CGT relief There are transitional provisions to provide Capital Gains Tax relief. You are able to reset the cost base of assets reallocated from the retirement phase to the accumulation phase prior to 1 July 2017. This relief is available for providers in respect of...

Superannuation Cap

In the 2016/17 Budget it was announced that from 1 July 2017 the total amount of superannuation that can be transferred into a tax-free pension phase account will be capped at $1.6 million. The cap will be indexed in $100,000 increments in line with the consumer price...