Super contribution cap to double for over-50s

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AUSTRALIA - The Government has launched a discussion paper on plans to introduce higher superannuation concessional contribution caps for members over 50.

From 1 July 2012, individuals aged 50 and over with total superannuation balances below $500,000 will be able to make up to $50,000 in concessional superannuation contributions. This doubles the ca...

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Chris Panteli

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