October is fast becoming the month of government back-flips. It started with Mike Baird reversing his decision to ban greyhound racing in NSW, now the federal government has done a back-flip on the non-concessional superannuation lifetime cap of $500,000. Lets go over the changes. The government has decided to scale back the non-concessional contribution per year to $100,000 instead of $180,000. Those who choose to use the bring forward rules will be able to contribute in a year a total of $300,000. A sharp drop from $580,000 under the previous rules. Non-concessional contributions are those made from after-tax dollars. These type of contributions to super will also be only available to t
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