Tags: Superannuation, Contributions, SMSF, Investment, Investment Bonds, Tax-Effective, Contribution Caps, Super, Austock Life

Superannuation Changes Are Here

Important changes to superannuation are here. 1 July 2017 marks the start of important changes that will impact the way superannuation is used to create wealth. These changes affect anyone who uses or contributes to a super fund, including self-managed superannuation funds.

Some of the key changes include:

Concessional superannuation contributions -  limited to $25,000 a year.

Non-concessional superannuation contributions - limited to $100,000 a year (down from the previous $180,000) and subject to maintaining an overall superannuation balance below $1.6m.

Tax on concessional superannuation contributions - for people earning over $250,000 the tax will double from 15% to 30%.

Retirement phase balance cap - A maximum of $1.6m is able to be held in a tax-free retirement or pension phase. Any excess must be transferred back into the accumulation mode.

Removal of anti-detriment claims - Superannuation trustees are no longer able to re-claim the contributions tax on death benefit payments (concessional contributions).

Contact Us

To find out how an Austock Life Imputation Bond can help with creating wealth under the new superannuation rules, please talk to your financial adviser.

Alternatively please contact us directly on  1800 100 073 
(8.30am - 5.30pm AEST) or complete your details below.

Key Issues

While superannuation remains a tax-effective way of saving for retirement, it does have restrictions and conditions designed to limit the ability to make contributions and receive benefits. In particular:


Access to funds are typically restricted until preservation age is reached (typically 55 to 60 years).

Contribution Limits

Contribution caps apply to both concessional and non-concessional contributions (which include lump sum contributions) as well as the need to meet an ‘at work’ test.

Estate Planning

A tax on death at a rate of 17% from the taxable component when the benefit is paid to a non-dependant.

How an Investment Bond can help supplement superannuation or even be an alternative

Investment Bonds have benefits and features which are worthwhile evaluating as a way to supplement superannuation or even as an alternative tax-effective vehicle.

Tax Effective

Similar to superannuation, Investment Bonds operate with a tax-paid structure where tax is paid within the vehicle – but at a maximum rate of 30%.


Funds can be accessed at any time (including regular withdrawals). Insurance Bonds provide unrestricted access to benefits with no preservation age, retirement or purpose test required.

No Limits or Caps

Unlike superannuation, there are no work-test, aged based restrictions or contribution caps or penalties. There is no limit on the contributions that can be made subject to the Investment Bond 125% rule.

Estate Planning

Nominated beneficiaries are not required to be a dependant and there is no restriction on who can be nominated as a beneficiary. The death benefit is also paid tax-free to the beneficiary.

Investment Options

Access to a large range of investment options with the investment menus covering all major asset classes.

Tax Reporting

Tax management and reporting is simple. There are no ongoing record keeping or tax reporting requirements if no withdrawals are made within the first 10 years. Tax is paid within the Investment Bond vehicle and all earnings are re-invested.

More Information

To view other useful information about our Austock Life bonds, download our brochures, documents and forms by selecting from one of the options below.

Imputation Bond
Forms and Reports

This reference material has been produced by Austock Life Limited AFSL 225408 (Austock Life, we) and is based upon a general understanding of Australian superannuation and taxation laws and other legislation, rules and guidelines applicable at the time of production. Whilst Austock Life believes this information is correct and the case studies, opinions and projections have been made upon a reasonable basis, we do not warrant the accuracy of any material in this document and to the fullest extent permitted by law, disclaim all responsibility for any loss or damage which may be suffered by any person directly or indirectly through relying on this information or any aspect of it. This information has been prepared without taking into account any particular person’s objectives, financial situation or needs and before acting on it, investors should consider its appropriateness having regard to their own objectives, financial situation or needs and seek the assistance of a financial adviser. The Product Disclosure Statement should be considered in deciding whether to acquire or continue to hold Imputation Bonds.