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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 ...
If an asset is held for at least 1 year then any gain is first discounted by 50% for individual taxpayers, or by 33.3% for superannuation funds. Capital losses can be offset against capital gains. Net capital losses in a tax year cannot be offset against normal income, but may be carried forward indefinitely.
A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securities and Exchange Commission did not have the authority to approve them. Wednesday’s ruling ...
Texas is looking at a plan to ramp up migrant buses again — but instead of sending them to sanctuary cities, officials would ship newly arrived illegal migrants directly to ICE holding centers ...
L.A. had the option to attempt a free kick after the fair catch. It was the rare instance in which it made sense because no time remained on the clock.
I'm with you, Mr. President, and God bless you.' [1] However, during the country's first century, a public concession was the exception rather than the rule. [3] The first "concession telegram" occurred when William Jennings Bryan sent William McKinley a message two days after the 1896 US presidential election. Prior to that election, results ...
A U.S. appeals court has rejected British socialite Ghislaine Maxwell's request to revisit its decision upholding her conviction for helping the late financier Jeffrey Epstein sexually abuse ...