Spring Financial Group’s Frank Paul speaks at the SMSF2017 Summit & Investment Expo, Sydney

Interviews

by Carolyn Herbert

I think the main change is that concessional contributions can be accessed in a different way going forward. It’s an under reported change and it’s a change that I like talking about quite a bit. Because right now an employed salaried person can only access concessional contributions through sometimes convoluted and complicated salary sacrifice arrangements.

Employers are actually allowed not to offer it, if an employer doesn’t want to offer a salary sacrifice arrangement then it is what it is. That is being abolished now, from July this year.

So an employee and the vast majority of people in this country that are employed, can make cash contributions into super any time during the year and claim it as a tax deduction. So I think that’s a major change.  

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presents the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.