{"id":804,"date":"2017-08-31T08:51:01","date_gmt":"2017-08-31T00:51:01","guid":{"rendered":"https:\/\/www.resolutionwealth.com.au\/?p=804"},"modified":"2017-08-31T17:55:55","modified_gmt":"2017-08-31T09:55:55","slug":"superannuation-changes-2017","status":"publish","type":"post","link":"https:\/\/www.resolutionwealth.com.au\/superannuation-changes-2017\/","title":{"rendered":"Superannuation Changes 2017"},"content":{"rendered":"<div class=\"para-wrap\">\n<p><span lang=\"EN-US\">Dear Clients,<u><\/u><u><\/u><\/span><\/p>\n<p><span lang=\"EN-US\">As we are now a few weeks into the new financial year we felt it was important to remind you of the contribution cap changes to superannuation that applies from 1 July 2017. <\/span><\/p>\n<p><span lang=\"EN-US\">Essentially, the \u2018Concessional contribution cap\u2019 (e.g. pre-tax contributions which include employer SG, salary sacrifice, personal tax deductible etc) has now been reduced to $25,000 for all people regardless of their age (assuming they are eligible to make super contributions). Therefore if you were salary sacrificing pre-tax income into your superannuation then you may need to ensure that this same amount does not breach this limit.<\/span><\/p>\n<p><u><\/u><u><\/u><span lang=\"EN-US\">This change may also impact employees on high incomes that continue to receive employer superannuation guarantee (SG) contributions (i.e. 9.5%) on their full salary. If the SG amount is greater than $25,000 then you may wish to discuss this issue with your HR\/Payroll department.<u><\/u><u><\/u><\/span><\/p>\n<p><span lang=\"EN-US\">Lastly, the \u2018Non-concessional contribution cap\u2019 has also been reduced to $100,000 pa for anyone considering making after tax contributions.\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The \u2018Concessional contribution cap\u2019 has now been reduced to $25,000 for all people regardless of their age. Therefore if you were salary sacrificing pre-tax income into your superannuation then you may need to ensure that this same amount does not breach this limit.<\/p>\n","protected":false},"author":4,"featured_media":700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Superannuation Changes 2017 | Resolution Wealth<\/title>\n<meta name=\"description\" content=\"Helping you feel comfortable about your financial future\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.resolutionwealth.com.au\/superannuation-changes-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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