Super Reforms – Small Business CGT

5 Dec 2016

Written by

David Busoli, Principal

The small business CGT contributions are not affected by the super reforms. Neither is the ability for an unlimited structured settlement (compensation claim) contribution to be made. The issue is the timing.

Either of the above have the realistic potential to take the member balance over $1.6m so, though they are not counted against the non-concessional cap, they can influence the ability to make a non-concessional contribution. For this reason, if non-concessional contributions are intended to be made in any financial year, they should be made prior to any other type of contribution that could bring the member balance over the $1.6m cap.

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