Super concessional contributions slashed 50% | Accountant Brisbane - 0 views
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BB Whitehouse on 09 Dec 09Adhering to its promise, the Federal Government of Australia announced that the super concessional contributions cap will be slashed to 50%, from 2009-10 financial year. It will then become $25000 from the current $50000. The move will also have a positive impact on transitional concessional contributions for people aged between 50 and 74, it will be decreased from $100000 annually to $50000.