21 Sep 2016 – No more cap on $500,000 superannuation contributions

SCOA Federal Council President, Dr Annette Barbetti, today said that SCOA welcomed the Coalition government’s decision to scrap the $500,000 lifetime cap on non-concessional superannuation contributions.  However, said Dr Barbetti, we are disappointed with the decision not to remove the restrictions on voluntary superannuation contributions for 65 to 74 year olds, since it does not take into account the increasing longevity of Australia’s population, and does not support the Government’s stated objective of providing income in retirement to substitute for or supplement the Age Pension.

Read the full press release here

Federal Office
21 September 2016