On 1 July 2017, some rule changes come into effect that may impact your ‘transition to retirement’ (TTR) strategy.

The tax rate payable on earnings from investments held in a TTR pension will increase from 0% to a maximum of 15%.

Also, the annual cap on concessionally taxed super contributions will reduce to $25,000.

It’s important to review your TTR strategy to see whether it’s still suitable and if not, assess some alternative savings strategies.

Taking action before 30 June means you could potentially benefit from capital gains tax relief.

 

To make an appointment, contact your Judge Adviser on 4032 7934