But let's start with the rule that applies to everyone. The annual cap on concessional contributions will drop to $25,000 a year on July 1,from the previous $30,000 (for people aged up to 48) and $35,000 if you were aged 49 and over.
That's a significant reduction in your ability to stash money away at a low tax rate,especially if you were waiting for the empty nest years to get serious.
Balancing this squeeze is a new scope to contribute more than the cap if you haven't used it all in previous years (as of July 1,2018). You can stretch this out to five years,making it something that people with patchy work histories,and people taking time off for parental leave,should pay attention to.
There's also a new ability to claim a tax deduction on contributions if your employer doesn't let you salary sacrifice.
Most Australians will need to talk to their adviser,their accountant or their super fund to work out how to proceed with these alterations and stay within the rules.
But let's look at the good news. The government has made a sensible change to the superannuation rules in terms of income differentials between spouses.
Until now,you could claim a tax offset for a contribution you made to your spouse's super,where their income was less than $13,800. The income threshold increases to $40,000 on July 1,meaning the tax benefit is available to many more families.