AFA, SPAA welcome increase in super caps
The Association of Financial Advisers (AFA) has generally supported the passing of the Tax and Superannuation Laws Amendment (Increased Concessional Contributions Cap and Other Measures) Bill 2013 despite some reservations. The new legislation increases the concessional contributions cap for older Australians while doubling the contributions tax rate for people earning over $300,000. “The increase in





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