Super concessional contributions for financial year 15 – 16
As the end of another financial year is fast approaching, it’s a good time to check your superannuation contributions. The concessional or pre-tax contributions capped amounts are:
* $30,000 cap for anyone aged 48 or under as at 30 June 2015.
* $35,000 cap for anyone aged 49 year or over as at 30 June 2015.
It is important to note the 9.5% Superannuation Guarantee is also included in the cap.
For all PayMe clients please check your superannuation contribution total provided on your payslip and also check your current balance with your superfund as they will be different due to timing of payments. Once you have your current balance and want to reach you full cap amount PayMe’s salary experts can then assist you to reach this amount.
