$500k cap tipped to be on the chopping block
In light of speculation that the government’s budgetary super measures are set to be watered down, several voices in the industry believe it’s the $500,000 lifetime cap on non-concessional contributions which will be most radically adjusted.
Over the weekend, Prime Minister Malcolm Turnbull left the door open to changing the government’s super tax proposals as announced in the federal budget.
Read the full story at SMSF Adviser.
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