The trap for high income earners with a cushy super package

By Daryl Dixon
Updated June 18 2017 - 12:18am, first published June 16 2017 - 7:31am

While all attention is focused on the imminent introduction of the $1.6 million pension and non-concessional contribution cap, the reduction in the annual concessional cap to $25,000 will create significant problems for many taxpayers and the Tax Office. There currently is no problem for either the Tax Office or taxpayers where employers are providing employees only with superannuation under the Superannuation Guarantee Legislation.

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