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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 $450,000 previously. Non-concessional contributions under the "non-concessional contributions cap" are not taxed in the fund. [ 1 ]
Non-concessional contributions are made into the superannuation fund from after-tax income. These contributions are not taxed in the superannuation fund. As of 1 July 2021, the non-concessional contributions cap is $110,000 per annum. Members 66 years or younger have the option of utilizing the "bring-forward" rule which allows an eligible ...
Non-concessional loans, which include interest rates, are provided mainly through the Stand-By Arrangements (SBA), the Flexible Credit Line (FCL), the Precautionary and Liquidity Line (PLL), and the Extended Fund Facility. The IMF provides emergency assistance via the Rapid Financing Instrument (RFI) to members facing urgent balance-of-payments ...
WASHINGTON — The Biden administration is moving forward with plans to mandate lower nicotine levels in cigarettes in the final days of President Biden’s term, according to a new report, which ...
NEW DELHI (Reuters) -The U.S. government is in the process of removing restrictions on Indian nuclear entities, National Security Advisor Jake Sullivan said on Monday, in a bid to forge deeper ...
The NBA acted quickly in issuing penalties to the players involved in a brawl during Friday night's game between the Dallas Mavericks and Phoenix Suns. Though Marshall was likely to receive the ...
In other words, ODA needs to contain the three elements: undertaken by the official sector (official agencies, including state and local governments, or their executive agencies) [5] with promotion of economic development and welfare as the main objective; and; at concessional financial terms (if a loan, having a grant element of at least 25 ...
Travel intelligence company OAG has released its annual list of the world’s busiest flight routes — and the 105-minute hop between the two has topped the international route board, with nearly ...