Super contributions surge

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AUSTRALIA - Voluntary superannuation contributions surged in the first half of 2007, boosted by the option to contribute up to AUS$1m (US$892,000) in non-concessional super before 30 June.

The latest AMP Superannuation Adequacy Index showed voluntary contributions rose by 142% in the period, ahead of the introduction of Simpler Super legislation. However, more than half of the tot...

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