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Superannuation Changes From July 2024 (What You Need to Know) (Australia)

Get your head around all of the changes coming to superannuation on 1 July 2024 to make sure that you not only comply with the rules, but also optimise your superannuation strategy so that you can retire sooner. 😎 BECOME A SUPERGUY INSIDER (100% free) 😎 Access advanced tutorials, bonus training, and exclusive super tips! ► https://www.superguy.com.au/super-tips/ 🔔 SUBSCRIBE FOR MORE VIDEOS ►    / @superguyau   📈 Resources to boost your super & build your own retirement plan: ► How Much Super Do You Need to Retire Comfortably: https://bit.ly/364JN5h ► How Long Will My Money Last in Retirement: https://bit.ly/3hcIibz ► How Much Super Should You Have: https://bit.ly/3hpcFu1 ► How Much Can You Contribute to Super? https://bit.ly/3jBLH5k ► When Can You Access Your Super: https://bit.ly/3htrlIC ► Should You Withdraw Super to Pay Debt: https://bit.ly/3hbtr0V ► When Can You Access Your Super Tax Free: https://bit.ly/3h95JCh ► How Much Super Do You Need to Retire At 60: https://bit.ly/3dzy1E1 - Related Content - ► SuperGuy.com.au/changes ⏱ Timestamps 00:00 - Superannuation Changes 2024/25 00:59 - Overview of changes 01:42 - Concessional contribution cap changes 04:09 - Non-concessional contribution cap changes 08:01 - SG contribution changes 08:59 - Quick reference guide 😍 Like this video? Please hit the thumbs up button👍 and leave us a comment below. ⏬ -- Superannuation Rule Changes 2024/25 -- Each year there are inevitably some changes to certain superannuation rates and thresholds, but 1 July 2024 sees more changes than usual, including changes to the contribution caps which are changing for the first time since 2021. Superannuation is a vehicle that allows you to make tax-effective contributions to super, as well as have investment earnings taxed at a concessional rate. By understanding the new contribution caps, you can get more into super, save more tax and live a comfortable retirement. In this video, I’m going to go through the three main changes coming into effect from 1 July 2024. Specifically, the changes to the concessional contribution cap, the non-concessional cap and the superannuation guarantee (SG) rate. #SuperGuy #ChrisStrano #Superannuation #RetirementPlanning DISCLAIMER: The SuperGuy website and SuperGuy YouTube channel contains general advice only. It is not personal advice as it does not take your specific needs or circumstances into consideration. Therefore, you should look at your own financial position, objectives and requirements and seek personal financial advice before making any financial decisions. General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387). Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this website or on the videos, while also considering its appropriateness in relation to your personal situation.

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