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- From 1 July onwards, individuals can only pay a maximum of $25,000 per annum tax deductible contributions to superannuation if aged under 50 years of age and $50,000 per annum if aged above 50 years of age, but only up to 30th June 2012.
- If aged under 65 years of age, anyone can contribute $150,000 per annum to superannuation without claiming a tax deduction for the amount or bring 3 years worth of contributions forward and contribute undeducted $450,000.
- Any contributions that exceed these amounts will be taxed ultimately at 46.5% in the fund.
Accounting & Bookkeeping Outsourcing Services
BB Whitehouse is one of the leading names in the field of Accounting and Bookkeeping. It offers a wide range of accounting and bookkeeping services that cater to the requirements of many business types and individuals. We provide dependable and high quality standards of Financial Account Preparation.
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