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Consultation Paper - Concessional Superannuation Contributions Caps for Individuals Aged 50 and Over

Date:

Monday, 28 February 2011

Content ID:

1977

Abstract:

The Assistant Treasurer has released a consultation paper in relation to the Government's announcement that from 1 July 2012, individuals aged 50 and over with total superannuation balances below $500,000 will be allowed to make up to $50,000 per year in concessional superannuation contributions.

The purpose of this paper is to present a broad overview of how the concessional contributions caps for individuals aged 50 and over will operate and to seek comments on the proposed design. Comments received will assist in settling the detailed administrative and legislative design features of the measure.

Making a submission

Interested parties are invited to comment on the paper. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 25 March 2011

Address written submissions to:
The Manager
Contributions and Accumulation Unit
Personal and Retirement Income Division
The Treasury
Langton Crescent
PARKES ACT 2600
Email: over50supercap@treasury.gov.au

For enquiries, please call Ruth Gabbitas (02) 6263 4154 or Heather Sturgiss (02) 6263 3205.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Consultation Paper: Concessional Superannuation Contributions Caps for Individuals Aged 50 and Over  72.02kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Consultation Paper: Concessional Superannuation Contributions Caps for Individuals Aged 50 and Over  554.47kb

Related Items:

Submissions: Consultation Paper - Concessional Superannuation Contributions Caps for Individuals Aged 50 and Over - 18/04/2011
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