Contribution Types – Concessional vs Non-Concessional You will hear SMSFcentral and others talk about multiple types of contributions (Employer, Salary Sacrifice, Personal etc), but as far as the ATO is concerned, there are two designations that matter – Concessional and Non-Concessional. Concessional contributions are any contributions which have to be taxed at 15% within the SMSF. […]
READ MOREChanges to the Superannuation Work Test
What is the Work Test? Let’s start with some background. The Work Test, or Age Work Test, or Over 65 Work Test, as it is often called, is a rule in place for personal contributions paid into a superannuation account by a member who is over a specified age. Members under the specified age can […]
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