Superannuation Update (Special Edition)
Non-concessional contribution cap The original proposal was to replace the existing non-concessional contribution cap with a lifetime limit of $500,000, including all non concessional contributions made since 1 July 2007. This measure is replaced with an annual non-concessional contribution (NCC) cap of $100,000 (currently $180,000). Individuals under the age of 65 are also able to…
