{"id":2193,"date":"2017-05-15T14:08:54","date_gmt":"2017-05-15T04:08:54","guid":{"rendered":"https:\/\/www.martinco.com.au\/?p=2193"},"modified":"2017-08-08T14:58:00","modified_gmt":"2017-08-08T04:58:00","slug":"tax-planning-concessional-superannuation-cap","status":"publish","type":"post","link":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/","title":{"rendered":"Tax Planning: Concessional Superannuation Cap"},"content":{"rendered":"<h2>The end of the 2016\/17 financial year is almost here, so now&#8217;s the time to review your concessional superannuation cap to minimise your tax.<\/h2>\n<p><strong>The concessional <a href=\"https:\/\/www.martinco.com.au\/services\/superannuation\/\">superannuation<\/a> cap for 2017 is $30,000 for individuals aged 49 or under, and $35,000 for individuals aged 50 years or over. Do not go over this limit or you will pay more tax!<\/strong><\/p>\n<p>Note that employer super guarantee contributions are included in this cap. Where a contribution is made that exceeds this limit, the excess is taxed at\u00a0the fund member&#8217;s marginal tax rate plus administrative charges.<\/p>\n<p>In order to claim a tax deduction in the 2017 financial year, the contribution must be received by the super fund by 30 June 2017. It is important to make the contributions at least a few business days prior to 30 June to allow sufficient processing time for your super fund.<\/p>\n<h3><a href=\"https:\/\/www.martinco.com.au\/contact\/\">Contact us<\/a>\u00a0TODAY before the June 30 deadline for assistance to reduce your <a href=\"https:\/\/www.martinco.com.au\/services\/taxation\/\">tax<\/a>!<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>The end of the 2016\/17 financial year is almost here, so now&#8217;s the time to review your concessional superannuation cap to minimise your tax.<\/p>\n","protected":false},"author":1,"featured_media":2197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63,70,58],"tags":[73,74,76,75,72,71],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Planning: Concessional Superannuation Cap - MartinCo<\/title>\n<meta name=\"description\" content=\"The concessional superannuation cap for individuals in 2017 is $30,000 for U\/49 and $35,000 for O\/50. Do not go over this limit or you will pay more tax!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Planning: Concessional Superannuation Cap\" \/>\n<meta property=\"og:description\" content=\"The concessional superannuation cap for individuals in 2017 is $30,000 for U\/49 and $35,000 for O\/50. Do not go over this limit or you will pay more tax!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/\" \/>\n<meta property=\"og:site_name\" content=\"MartinCo\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-15T04:08:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-08-08T04:58:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.martinco.com.au\/wp-content\/uploads\/2017\/05\/MartinCo-Key-Business-Tax-Strategy-Concessional-Super-Cap.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"446\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Martin Co\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.martinco.com.au\/#website\",\"url\":\"https:\/\/www.martinco.com.au\/\",\"name\":\"MartinCo\",\"description\":\"Chartered Accountants &amp; Financial Advisers\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.martinco.com.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-AU\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#primaryimage\",\"url\":\"https:\/\/www.martinco.com.au\/wp-content\/uploads\/2017\/05\/MartinCo-Key-Business-Tax-Strategy-Concessional-Super-Cap.jpg\",\"contentUrl\":\"https:\/\/www.martinco.com.au\/wp-content\/uploads\/2017\/05\/MartinCo-Key-Business-Tax-Strategy-Concessional-Super-Cap.jpg\",\"width\":850,\"height\":446},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#webpage\",\"url\":\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/\",\"name\":\"Tax Planning: Concessional Superannuation Cap - MartinCo\",\"isPartOf\":{\"@id\":\"https:\/\/www.martinco.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#primaryimage\"},\"datePublished\":\"2017-05-15T04:08:54+00:00\",\"dateModified\":\"2017-08-08T04:58:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.martinco.com.au\/#\/schema\/person\/674e27b3e0302ea5375aeecc7412cb62\"},\"description\":\"The concessional superannuation cap for individuals in 2017 is $30,000 for U\/49 and $35,000 for O\/50. Do not go over this limit or you will pay more tax!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.martinco.com.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tax Planning: Concessional Superannuation Cap\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.martinco.com.au\/#\/schema\/person\/674e27b3e0302ea5375aeecc7412cb62\",\"name\":\"Martin Co\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/www.martinco.com.au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6a52e039034c27802fdf789562cb97be?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6a52e039034c27802fdf789562cb97be?s=96&d=mm&r=g\",\"caption\":\"Martin Co\"},\"sameAs\":[\"http:\/\/www.COGdigital.com.au\"],\"url\":\"https:\/\/www.martinco.com.au\/author\/540-cog-au\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax Planning: Concessional Superannuation Cap - MartinCo","description":"The concessional superannuation cap for individuals in 2017 is $30,000 for U\/49 and $35,000 for O\/50. Do not go over this limit or you will pay more tax!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/","og_locale":"en_US","og_type":"article","og_title":"Tax Planning: Concessional Superannuation Cap","og_description":"The concessional superannuation cap for individuals in 2017 is $30,000 for U\/49 and $35,000 for O\/50. Do not go over this limit or you will pay more tax!","og_url":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/","og_site_name":"MartinCo","article_published_time":"2017-05-15T04:08:54+00:00","article_modified_time":"2017-08-08T04:58:00+00:00","og_image":[{"width":850,"height":446,"url":"https:\/\/www.martinco.com.au\/wp-content\/uploads\/2017\/05\/MartinCo-Key-Business-Tax-Strategy-Concessional-Super-Cap.jpg","type":"image\/jpeg"}],"twitter_card":"summary","twitter_misc":{"Written by":"Martin Co","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.martinco.com.au\/#website","url":"https:\/\/www.martinco.com.au\/","name":"MartinCo","description":"Chartered Accountants &amp; Financial Advisers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.martinco.com.au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-AU"},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#primaryimage","url":"https:\/\/www.martinco.com.au\/wp-content\/uploads\/2017\/05\/MartinCo-Key-Business-Tax-Strategy-Concessional-Super-Cap.jpg","contentUrl":"https:\/\/www.martinco.com.au\/wp-content\/uploads\/2017\/05\/MartinCo-Key-Business-Tax-Strategy-Concessional-Super-Cap.jpg","width":850,"height":446},{"@type":"WebPage","@id":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#webpage","url":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/","name":"Tax Planning: Concessional Superannuation Cap - MartinCo","isPartOf":{"@id":"https:\/\/www.martinco.com.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#primaryimage"},"datePublished":"2017-05-15T04:08:54+00:00","dateModified":"2017-08-08T04:58:00+00:00","author":{"@id":"https:\/\/www.martinco.com.au\/#\/schema\/person\/674e27b3e0302ea5375aeecc7412cb62"},"description":"The concessional superannuation cap for individuals in 2017 is $30,000 for U\/49 and $35,000 for O\/50. Do not go over this limit or you will pay more tax!","breadcrumb":{"@id":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.martinco.com.au\/tax-planning-concessional-superannuation-cap\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.martinco.com.au\/"},{"@type":"ListItem","position":2,"name":"Tax Planning: Concessional Superannuation Cap"}]},{"@type":"Person","@id":"https:\/\/www.martinco.com.au\/#\/schema\/person\/674e27b3e0302ea5375aeecc7412cb62","name":"Martin Co","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.martinco.com.au\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6a52e039034c27802fdf789562cb97be?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6a52e039034c27802fdf789562cb97be?s=96&d=mm&r=g","caption":"Martin Co"},"sameAs":["http:\/\/www.COGdigital.com.au"],"url":"https:\/\/www.martinco.com.au\/author\/540-cog-au\/"}]}},"_links":{"self":[{"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/posts\/2193"}],"collection":[{"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/comments?post=2193"}],"version-history":[{"count":0,"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/posts\/2193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/media\/2197"}],"wp:attachment":[{"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/media?parent=2193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/categories?post=2193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.martinco.com.au\/wp-json\/wp\/v2\/tags?post=2193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}