The $1.6m Simple Super Cap Strategy

In light of the legislative changes as at 1st July 2017 relating to the maximum amount of wealth being $1.6m (transfer balance cap) an individual can inject into the superannuation environment, the following simple example illustrates earlier the better when maximising superannuation benefits. Most Australians are aware of this simple concept, however these changes in our opinion, increase the weight given to the choice of contributing earlier in life to take advantage of the taxation benefits superannuation has to offer.

We understand that differing levels of non-superannuation wealth may alter the attractiveness of targetting the $1.6m transfer balance cap as well as additional personal circumstances. 

Joel Xuereb