Hi!
Superannuation has become one of the most best pension scheme in Australia. This the right way by which employees get pension by Superannuation.Superannuation is the most played around with investment by Governments.
The government is currently changing the laws in superannuation for salary sacrifice for over 50 year olds as they look for ways to cover the shortfall in tax revenue predicted for the next 4 years.
What else will change !
Lower income spouse Co-contribution – scrapped alsoI really like a scheme where I am restricted by a reasonable benefit amoun; told how much I can invest into superannuation and also told I can use leverage through borrowing money to invest in superannuation.
P.S
Your link doesn’t work because you left out an m in com when you posted your one post.Super will be less attractive after Tuesday.
The rumours are that the tax deductible contributions for all will be halved, making it $25,000 for those under 50, and $50,000 for the over 50's, to 2012. Some changes also may be made to the Transition to Retirement arrangements.
I know of a guy who, as he is still working part time and over 65, can make a tax deductible contribution to Superannuation one day, then withdraw it TAX FREE the next. I hope the govt change this loophole.
And movemysuper, your link doesn't work.
Made a mistake with last post
duckster wrote:Superannuation is the most played around with investment by Governments.
The government is currently changing the laws in superannuation for salary sacrifice for over 50 year olds as they look for ways to cover the shortfall in tax revenue predicted for the next 4 years.
What else will change !
Lower income spouse Co-contribution – being changedI really like a scheme where I am restricted by a reasonable benefit amount; told how much I can invest into superannuation and also told I can’t use leverage through borrowing money to invest in superannuation.
P.S
Your link doesn’t work because you left out an m in com when you posted your one post.I am with you Dan for someone who contributes considerably more than $25K PA and is a younger than 50 Tuesday is going to be a problem.
Richard Taylor | Australia's leading private lender
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