On 1 July 2017, some of the biggest changes to Australian superannuation came into effect – making what was already a confusing set of rules even more complex. This means if you’re nearing retirement, you need to review your strategy to make sure you can enjoy the retirement you’ve worked so hard for.



Limitations around both the amount of personal contributions you can make to super and the amount you can transfer into the tax-free pension environment are now in place.

Super Needs a Plan

One of our clients had a long-term employer who had always taken care of his super. As he got closer to retirement, he started feeling nervous and confused about the new rules. We created a plan that maximised his benefits and he’s now looking to bring his retirement forward.



The new $1.6 million total super balance cap and transfer balance cap could mean that superannuation is no longer the silver bullet strategy you’d hoped it to be for your retirement needs.  While $1.6 million may sound like a lot, when you think about what you need to live the life you want after work, super may come up short.

If you’re affected by the new caps you should speak to an expert who can help you decide on the best strategy for your unique situation. Your options could include:

  • Continuing to maximise your concessional (before-tax) contributions; these are not impacted by the $1.6 million total super balance cap

  • Splitting your concessional (before-tax) contributions with your spouse each year

  • Cashing out some of your super and contributing it to your spouse’s super account, provided you are both eligible to do this

  • Using the sale proceeds of your business (if you’re an eligible small business owner) to boost your super balance beyond the total super balance cap; the timing of these contributions is critical in maximising your total superannuation savings
  • Investing in alternative structures


Let our super experts cut through the complexity and help you put the right super strategy in place for your personal circumstances. Call us on 1800 631 381 or leave your details and a Perpetual adviser will be in touch.

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Perpetual Private advice and services are provided by Perpetual Trustee Company Limited (PTCo) ABN 42 000 001 007, AFSL 236643. 

This information has been prepared by PTCo. It contains general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial or other adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.