Upcoming changes to superannuation

These changes are amongst the most major in the last decade.

Whilst in retirement there will be a cap of $1.6 million that can be invested in tax-free pension phase, any accumulated funds over this threshold will still be able to be held in superannuation.

Full maximisation of the higher $540,000 non-concessional contribution limit using carry forward provisions must be done prior to 30 June 2017.