CBD Advisory - Financial Planning Firm Sydney
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Super Contributions
Under Age 65
Over Age 65
Concessional Contributions
Limit $25k p.a.
Includes:
  • Employer contributions (including Salary Sacrifice)
​
Personal Contributions claimed as a tax deduction. You must complete the ATO Notice of Intent to Claim Form before completing your tax return.
​Limit $25k p.a.
Includes:
  • Employer contributions (including Salary Sacrifice).
 
Personal Contributions claimed as a tax deduction. You must complete the ATO Notice of Intent to Claim Form before completing your tax return.
Catch up Concessional Contributions
​When your super balance is less than $500k, you can make catch up Concessional Contributions from unused amounts from FY 18/19.
 
FY 19/20 is the first year this can be used.
 
If you did not make the max $25k contribution for FY 18/19, you can make the contribution in FY 19/20 or the next 4 years. Unused amounts are available for 5 years and then will expire.
When you super balance is less than $500k, you can make catch up Concessional Contributions from unused amounts from FY 18/19.
 
FY 19/20 is the first year this can be used.
 
If you did not make the max $25k contribution for FY 18/19, you can make the contribution in FY 19/20 or the next 4 years. Unused amounts are available for 5 years and then will expire.
Non-Concessional Contributions
​Limit $100k per year, with an option to Bring Forward 3 years if you are under Age 65.
Limit $100k per year. When you are aged 65-74 you must meet the Work Test in order to make a contribution.
 
The work test requires you to be gainfully employed. To satisfy the work test, you must work at least 40 hours during a consecutive 30-day period each financial year in which the contributions are made.
Spouse Contributions
​If your spouse’s income is $37k or less, you can make a $3,000 contribution to super and receive a $540 tax offset.
​If your spouse’s income is $37k or less, you can make $3,000 contribution to super and receive a $540 tax offset.
Government Co-Contributions
​If your income is less than $38,564 and you make a contribution of $1,000 to super, you will receive a $500 co-contribution from the Government. This will be added to your super fund once you complete your tax return.
 
If your income is between $38,564 and $53,564 you will still be eligible for the Government Co-Contribution, however it will progressively reduce.
​If your income is less than $38,564 and you make a contribution of $1,000 to super, you will receive a $500 co-contribution from the Government. This will be added to your super fund once you complete your tax return.
 
If your income is between $38,564 and $53,564 you will still be eligible for the Government Co-Contribution, however it will progressively reduce.
Terry Panigiris , Angela Menendez,  Elise Hamill, Robert Lattanzi and CBD Corporate Financial Centre Pty Ltd t/as CBD Advisory are Authorised Representatives of Consultum Financial Advisers Pty Ltd.
​ABN 65 006 373 995 I AFSL 230323.
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  • About Us
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  • ph: +61 2 9369 5333