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super-changes
Photo from Pixabay.com

Super changes

Super changes

Photo from Pixabay.com

Voluntary concessional and non-concessional contributions

As of today more Australians can make voluntary contributions to their superannuation when they are in a position to do so.

South-west residents aged 65 and 66 can make voluntary concessional and non-concessional contributions without meeting the work test, and people up to age 75 to receive spouse contributions.

Another change in this package – will allow locals aged 65 and 66 to make up to three years of non-concessional contributions under the bring-forward rule.

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The changes aim to allow more Australians to boost their savings as they near retirement.

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