---
title: "Tax and Super: What’s changing on 1 July?"
description: Tax and super changes for 1 July 2020? What's changing on 1 July?
---

[WLM Blog](https://insights.wlm.com.au/blog)

# [Tax and Super: What’s changing on 1 July?](https://insights.wlm.com.au/blog/tax__super_changes)

 Written by [Amanda Rogers](https://insights.wlm.com.au/blog/author/amanda-rogers) | Jun 15, 2020 6:47:28 AM

Here is a summary list of the tax and super changes that come into effect on 1 July.

- Company tax rate reduces to 26% for base rate entities
- $150k instant asset write-off scheduled to reduce back to $1,000 for small business entities and will no longer be available for entities with an aggregated annual turnover of $10m or more, although accelerated depreciation rules apply to certain entities until 30 June 2021
- Cents per km rate for work-related car expenses increase to 72 cents
- Expected reforms to allow 66 and 67 years olds to make voluntary superannuation contributions without satisfying the work test. **This reform is not yet law.**
- Age limit for making superannuation contributions to your spouse increases from 69-74. **This reform is not yet law.**
- For those 67 and under, reforms will enable you to use the ‘bring forward rule’ to make up to three years of non-concessional contributions. That is, you can make non-concessional contributions of up to $300,000 from the 2020-21 financial year.

WLM Financial uses a single-team approach to help you across your entire financial life: business and personal, accounting and financial planning.

You can find out more about our business accounting services, including tax returns, superannuation, financial compliance, strategy and structure and more by clicking [here.](https://www.wlm.com.au/business/) Or if you're interested in learning about our personal accounting services then please click [here.](https://www.wlm.com.au/individual/personal-taxes/)

### WLM can help

[If you'd like help](https://www.wlm.com.au/) with understanding your obligations or any further information, [please contact us today.](https://www.wlm.com.au/contact/)

[View full post](https://insights.wlm.com.au/blog/tax__super_changes)

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