Proposed Change to Concessional Contributions Cap
For the 2012/13 and 2013/14 financial years, the $25,000 per annum concessional contributions cap will apply to everyone contributing to super, regardless of age or account balance. The concessional contributions cap is the amount of contributions that can be made into a superannuation fund in a financial year at the tax rate of 15%.
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Published on: 31 Jul 2012