Financial planning

2017 Superannuation changes. Are you prepared?


How will the upcoming superannuation changes impact your retirement? How much money will you need to retire? What is considered a good return on investment? Is being debt free by 60 just a dream? What’s the financial impact of divorce?

With the end of financial year looming, Deb seeks advice from Balance contributor and Certified Financial Planner, Dianne Charman on how best to answer some of these questions and get yourself fiscally organised.

Dianne is the director of Jade Financial Group, an AMP Financial Planning practice.

In this video, she discusses superannuation changes for concessional and non-concessional contributions and gives her advice on how to protect and grow your nest egg.

According to the ATO website, “These changes are designed to improve the sustainability, flexibility and integrity of Australia’s super system.” (Source:

“The changes for me Deb, always show us that you must be organised,” said Dianne,

Superannuation changes – Concessional Contributions:

“Your superannuation contributions that go through from your employer and salary sacrifice components, it’s going to drop from $35 000 per year to $25 000 per year,” said Dianne.

“Now that’s a lot of money,” said Dianne.

“A few years ago now, it was $50 000, so you see that it’s just getting harder and harder for us,” she said.

Superannuation changes – Non-Concessional Contributions:

“The cap is dropping from $180 000 to $100 000,” said Dianne.

Dianne then goes on to explain what the superannuation changes mean for those looking to move larger sums of money into their funds.

“There’s advice here, please. Go and check this out because the timing of this is incredibly important,” said Dianne.

“You’re going to get some pretty nasty mail from the ATO if you get these things wrong,” said Dianne.

While these superannuation changes come into effect 1 July 2017, Dianne encourages us to set a deadline of 31 May 2017 to allow for processing of information.

For more information:
Understanding Super
Superannuation changes this financial year

*Dianne Charman is an Authorised Representative of AMP Financial Planning Pty Ltd, ABN 89 051 208 327, AFS Licence No. 232706.
Any advice given is general only and has not taken into account your objectives, financial situation or needs.  Because of this, before acting on any advice, you should consult a financial planner to consider how appropriate the advice is to your objectives, financial situation and needs.

About Dianne Charman

Dianne Charman believes in empowerment through knowledge. Building confidence in your financial world. With over 20 years’ experience in the Financial Planning profession, and over 10 years as a practicing Certified Financial Planner, Dianne’s specialist qualifications include Self-Managed Superannuation Funds and Direct shares. She has also held senior roles in funds management, insurance, superannuation; and now is the Director of Jade Financial Group. A family orientated business, working hard to provide Clients with, honest, long term financial advice in order to turn their goals into reality.
In 2010 Dianne founded the Jade Kids Foundation – a not for profit organisation helping our next generation to make better money choices for a secure financial future. Dianne is a proud member of the Association of Financial Advisers (AFA) and in 2012 and 2013 was a Finalist in the AFA Female Excellence in Advice Award. Now Dianne sits on the board as the AFA’s Queensland Director, helping to provide its members with a voice and to continually improve practices. Particularly, Dianne is committed to improving Financial Literacy and leads the AFA Financial Literacy Working Group on important issues for women and our elderly.

Balance Team

This article was written by the brains trust of Balance . We are a talented team of writers and contributors with real life experience and a passion for finding balance.

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