Government Announces changes to super reform proposals from the 2016/2017 budget

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In a press release issued yesterday, the Government announced a number of changes to three key Federal budget proposals for super reform that we have been waiting patiently to hear about. Perhaps the most significant change announced today is that the Government will not be proceeding with the proposed $500,000 lifetime non-concessional contribution (NCC) limit – but instead will reduce the existing NCC limits from 1 July 2017. Hallelujah! This was going to be a nightmare to monitor and assess for ...

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