Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 9-Aug-16
Australians who receive large sums of money as a result of "life events" will be offered an exemption from the proposed $A500,000 lifetime cap on non-concessional superannuation contributions. "Life events" include accident-related compensation payments, lottery wins and divorce settlements. Federal Treasurer Scott Morrison has stressed that the proposed cap on super contributions is necessary to make the super system more equitable.
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