4 Responses to Five urban myths about super changes

  1. Vincent April 5, 2017 at 9:28 PM #

    It is worth pointing out that defined benefit pension recipients are at a real disadvantage because they cannot commute the portion of their super pension over $100K and withdraw it from the super system. They are therefore forced to pay higher tax on this portion of their pension and, as it increases with CPI over the coming years, an increasing percentage of it will be subject to tax. Unfair and retrospective.

  2. Dave April 6, 2017 at 12:30 PM #

    What happened to the lifetime limit of $500,000 non concessional contributions? Did legislation pass for it?

  3. Graham Hand April 6, 2017 at 1:05 PM #

    Hi Dave, the idea was scrapped after the public outcry. Article on it here.

    https://cuffelinks.com.au/gov-scraps-500000-lifetime-cap/

  4. Dave April 6, 2017 at 8:05 PM #

    Thanks Graham,
    Somehow that change missed me. It just gets more and more confusing.

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