
Shedding light on the Superannuation Changes
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