Federal Budget change details to emerge
The Federal Treasurer, Wayne Swan, is set to release the details of the superannuation changes foreshadowed for inclusion in the Federal Budget.
At the centre of those details will be the changes relating to a double of the contributions tax for higher income earners.
The Budget papers are expected to give further detail on the proposals impacting superannuation and, in particular, the impact of the changes on Government revenue.
A broad cross-section of the superannuation industry have warned the Government against any further tinkering with superannuation policy, claiming it creates undue uncertainty in the minds of investors.
While the industry has continued to argue for the Government to create a longer-term fix for the excess contributions regime, no changes are expected in the Budget.
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