Monthly Archives: February 2017

concessional contribution cap changes

Concessional contribution cap changes: points to consider

Concessional contributions are those made with pre-tax income and can come in many forms, most commonly as

  • Superannuation Guarantee contributions made by your employer,
  • Salary sacrificed contributions made on your behalf, or
  • Tax-deductible contributions if you are self-employed.

Below, we’ve summarised a few important considerations regarding the cap changes that became law on 29 November 2016.


  1. A lower cap will apply from 1 July 2017

As part of the 2016 Federal Budget, the Coalition government announced plans to reduce the annual concessional contribution cap to $25,000 from 1 July 2017. The new cap will now apply to everyone regardless of age.

This will see the lowering of both the over-50s concessional (before-tax) contributions cap of $35,000 and the general concessional contributions cap (for under-50s) of $30,000. However, it’s important to note that the $35,000 and $30,000 caps still apply for the current (2016/2017) financial year.

Creative sides left brain right brain

Engaging our ‘creative side’…or so we thought!

Finance related professionals are often described as analytical, detail focused and often good with numbers. Historically, people assume this is because their brain is geared more towards using the “left side”, the side of the brain that is apparently responsible for logical tasks. Neuroscientists, however, have long proclaimed that this view of “right and left” is, in fact, a myth.

By default, the right side of the brain is creative, artistic and perhaps free spirited. Apparently, as the myth goes, it’s got to do with which side of the brain is more active.

creative side left brain right brain

What do the experts say?

Recent research by The University of Utah has found no evidence that people preferentially use their left or right side of the brain.  The University undertook an analysis of 1000 brains and found that each person used their entire brain equally.

Further still, the team found that all brain regions enable people to be both creative and analytical,