Henry Tax Update

The Government's response to the Henry Tax Review has just been released.

The 2 most important proposed changes to super are:

1. Increasing the Super Guarantee from 9% to 12% from 2013 to 2019
2. Maintaining the $50,000 concessional super contributions cap for over 50's

Both of these proposals are positive news for retirement planning and make for great headlines. However, there is devil in the detail.

Please read the attached Update for more information.