Taking stock at this time is a great way to check in on your situation and see if any changes are needed in the lead up to 30 June.
The Government’s Retirement Income Review highlighted that our super—and subsequent retirement income (and outcome)—can be boosted by, among other things, increasing our super contributions. Read how.
From 1 July 2021, the non-concessional contributions cap will increase from $100,000 to $110,000. Members under 65 years of age may be able to make non-concessional contributions of up to three times the annual non-concessional contributions cap in a single year.