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From the 2012-2013 financial year to the 2016-2017 financial year, superannuation contributions are available for individuals with income not in excess of $37,000. [43] The Government offsets a maximum of $500 and a minimum of $20, calculated at 15% of a low income earners total superannuation contributions. [44]
In the 2016 federal budget, the government proposed to reduce, effective 1 July 2016, the annual before-tax contributions limit to $25,000. Since 2014/15, the annual non-concessional contributions cap was $180,000 (or $540,000 in a three-year period under the bring-forward rule [7]), up from $150,000 and $
List of systemically important banks – List of banks deemed systemically important by at least one major regulator List of largest banks – List of largest banks as measured by market capitalization and total assets on balance sheet
The Australian Taxation Office (ATO) is an Australian statutory agency and the principal revenue collection body for the Australian Government. The ATO has responsibility for administering the Australian federal taxation system , superannuation legislation, and other associated matters.
The contribution limit for a SEP IRA is the lesser of: 25 percent of the employee’s compensation. $70,000 in 2025 ($69,000 in 2024) ... Before 2023, a SEP IRA came in only one type: pre-tax.
Since October 2008 UK credit unions are covered by the Financial Services Compensation Scheme (FSCS), which protects savings in banks and similar institutions up to £85,000 (as of February 2017), covering about 98% of people; most members get their money back within a week. [17]
To help counter a year defined by rattled global and domestic markets and historically high inflation, consumer price and cost-of-living indexes, American workers will be permitted to squirrel away...