Original article by Sally Rose
The Australian Financial Review – Page: 5 : 18-Nov-15

A new report from accounting firm Deloitte has proposed limiting concessional superannuation contributions during a fund member’s working life to $A580,000. At present there is an annual cap on personal contributions that attract a lower tax rate of just 15 per cent. Deloitte estimates that the average working Australian would have to contribute $A580,000 to their super fund to ensure a retirement balance of $A1m.

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED