The recent release of the 2010 ATO excess contribution tax statistics for concessional contributions showed a 296% increase to date in the number of people caught up in this ongoing saga. The key issue that triggered this enormous spike was the Labor Government’s decision to halve the concessional contribution caps from: Under 50 – $50,000 … Continue reading »
Tag Archives: SGC
Super News from the Henry Tax Review?
The much-anticipated release of the report on Australia’s future tax system (Henry Tax Review) was released today. Of the 138 recommendations, the government has decided to adopt only a few in what appears to be political grandstanding in an election year. Whilst these were announced as the ‘first wave’ of changes, I wouldn’t be expecting any … Continue reading »