29 March 2011, SuperLiving
The government recently announced a plan to increase the superannuation contribution cap for people aged 50 and over. The initiative to be put into effect July 1, 2012, should allow Australians short of their super goals to make catch-up contributions as they near retirement.
Dixon Advisory, a super advice firm with expertise in self-managed super funds, has highlighted, however, the challenges of implementing such a change in policy. The Canberra Times quoted executive chairman Daryl Dixon as saying that implementing the decision equitably would create major administrative complications.
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