Government pulls back on proposed super changes

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20 September 2016

In a nutshell the new proposals include:

From 1 July 2017, the existing annual cap of $180,000 on after-tax super contributions will be reduced to an annual cap of $100,000. The proposed $500,000 lifetime limit will be scrapped

The commencement date for the proposed carry-forward arrangements for concessional (before-tax) contributions will be deferred to 1 July 2018

Work test requirements will remain in place for those wanting to make contributions after age 65.

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