Note: In the May 2016 Federal Budget, Treasurer Scott Morrison announced the end of the over-50s concessional (before-tax) contributions cap, which took effect from 1 July 2017. Instead, the federal government introduced a catch-up opportunity for Australians with less than $500,000 in super. Continue reading for more information on the catch-up provisions, but be warned, the government has made it a very complicated opportunity.
I have received plenty of emails from SuperGuide readers asking for clarification about the catch-up concessional contributions rule that start from 1 July 2018, but take full effect from 1 July 2019.
Tip: For a quick summary of the catch-up rules, see SuperGuide article Concessional contributions: Catch-up rules from July 2018 (10 Q&As).