Life, Death and Taxes – Insights by Andrew Henshaw

SUPERANNUATION: $500K CAP IS AXED!

The Coalition Government announced further changes to superannuation. The Coalition government announced that they would be scrapping their proposed $500,000 cap on non-concessional contributions (which was announced on 3 May 2016, and had ‘retrospective’ effect from 1 July 2007). The $500,000 cap was an “iron-clad” promise, which had come under heavy criticism from the superannuation industry and members of the Coalition Government backbench.

Level 12, 360 Elizabeth Street,
Melbourne VIC 3000

Level 12, 360 Elizabeth Street,
Melbourne VIC 3000

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