Excess concessional contributions refunding not enough, says SPAA
Treasury today released the Government's 2011-12 Budget measure
'superannuation - refund of excess concessional contributions'
exposure draft and explanatory memorandum for public consultation.
This measure will give eligible individuals a once off option to
have excess concessional contributions of up to $10,000 taken out
of their superannuation fund and assessed at their marginal income
tax rate rather than incurring the excess contributions tax.
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