March 5, 2018
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Concessional Contribution Cap Changed
March 5, 2018
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Concessional or pre-tax contribution to your super includes, employer contributions, salary sacrifice and personal contribution, which means your super fund pays 15% tax on the contribution. Contribution cap limit the amount that can be contributed for a member each financial year. The concessional contribution cap is $25,000 for everyone effective from 1 July 2017. Previously,…