Superannuation Reform - Did you hear the changes? - 06 April 2013
Did you hear the announcement that the Labour Government made on 5 April 2013 in regards to the Superannuation Reforms? If you didn't here is a snapshot of some of the changes that will be made:
From July 1 2014, any earnings on superannuation pensions and annuities of more than $100,000 annually will be taxed at 15 per cent, instead of currently being tax-free. All Superannuation earnings below $100,000 annually will remain tax free.
From 1 July 2013, people aged 60 and over will see increased concessional caps from $25,000 to $35,000. ... Read More
