My client made a $25,000 concessional contribution to his SMSF in June which won’t be allocated to his member account until July.
When will the unallocated amount first count towards his Total Superannuation Balance?
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Downsizer contributions and First Home Saver Superannuation Scheme (FHSSS) passed
The Bills necessary to make both the above measures law have now received Royal Assent.
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Does scrapping the $500k lifetime limit for non-concessional contributions make sense?
Big news this week with the Government announcing a total backflip on one of its big 2016 Federal Budget measures – the lifetime limit on non-concessional contributions.
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