The super countdown is on.

From 1 July 2017, the new superannuation rules will be in place and you need to ensure that your personal finances and strategies are sorted before then. That gives us 13 weeks to get the house in order.

Below we’ve broken it down the action items for you. Whether you’re an accumulator or a retiree, an Aussie expat or a resident, ensure that your house is in order before the changes are enforced.


  • Non-Concessional Contributions: This will be your last chance for now to roll forward 3 years and contribute A$540,000 to your superannuation fund. The annual limit of A$180,000 per year will decrease to A$100,000, which is a substantial difference if you’re looking to contribute significant funds to your super for your retirement in Australia.
  • Concessional Contributions: The annual limit if you’re 50 and over is currently A$35,000, and A$30,000 if you’re younger. Consider if you should be maximising your concessional contributions before it’s too late. Whether you’re working in Australia or abroad, this could be a worthwhile strategy to reduce your tax liabilities at home.
  • High Income Earners: For those earning A$250,000 and above in Australia, your concessional superannuation contributions will be taxed at 30%, instead of the regular 15% for those earning less.
  • Non-Working / Low Income Spouse: If your spouse isn’t working or is earning less than $37,000, you may wish to consider making a contribution for them to receive a tax offset of A$540.


  • Excess Pensions: If your pension balance is over A$1.6M, you should consider rolling his over to an accumulation account within super or outside of super.
  • Spouse Pension Balances: It’s important to keep in mind that the A$1.6M cap is per person, so you can consider whether you should share your super/pension balances to ensure each fund is below the cap.
  • Transition to Retirement Pensions: If you’re currently receiving a TTR pension income stream, it’s important to consider that if you’ve stopped working, you should submit a Retirement Declaration to your super fund, and if you’re still working part-time but have hit a condition of release, consider if you should transfer your TTR pension into an account-based pension.

Australia’s superannuation system is one of the best retirement platforms globally, and with the right plans in place, you can ensure that you’re making the most of it.


To your financial success!

Jarrad Brown is an Australian-trained and qualified Fee-Based Financial Planner with Australian Expatriate Group, division of Global Financial Consultants Pte Ltd providing specialist financial advice and portfolio management services to international and local professionals in Singapore. Jarrad Brown is an Authorised Representative of Global Financial Consultants Pte Ltd – No: 200305462G | MAS License No: FA100035-3

Australian Expatriate Group is licensed by Global Financial Consultants in Singapore, with a team of Australian-trained, experienced and qualified, allowing us to provide specialist advice to Australians living abroad.

To learn more about how we may be able to help you, please contact us:

✆        +65 8282 5702

To discuss how these changes affect you, click here to book a complimentary consultation:


General Information Only: The information on this site is of a general nature only. It does not take into account your individual financial situation, objectives or needs. You should consider your own financial position and requirements before making a decision.

*Please note that Jarrad Brown is not a tax agent or accountant and none of the content outlined here should be taken as personal advice. You should consult your tax agent and financial adviser to review your current personal finances and financial goals to consider whether this strategy is appropriate for you. We expressly disclaim all and any liability to any person or organisation, in respect of anything, and of the consequences of anything done or omitted to be done by any such person in reliance, whether whole or in part, upon the whole or any part of the contents of this.