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Excess Contributions Tax System must be reformed.

Andrew Starke’s interesting article summarises Peter Burgess’s speech to the SPAA conference delegates recently held in Melbourne.

The rules that limit how much money individuals can put into their superannuation fund is not working, and this article focuses on the problems surrounding the excess contributions tax system and presents case studies to support why the Government needs to review this system urgently.  It is not working, and individuals and professionals are losing confidence in the system.

http://www.professionalplanner.com.au/self-managed-super/spaa-fix-broken-excess-contributions-tax-system/

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